Just a couple of months after Mesoblast Limited's remestemcel-L got rejected by US regulators, the NASDAQ-listed Australian biotech has bagged Novartis AG as a partner for the allogeneic cell therapy as a treatment of acute respiratory distress syndrome (ARDS), including that associated with COVID-19.
The Swiss major is making a $25m upfront payment and investing another $25m in Mesoblast equity to acquire the worldwide...








