Why the Mesoblast (ASX:MSB) share price is on watch this week

The Mesoblast limited (ASX: MSB) share price will be on watch today if it returns from its trading halt.

This follows the announcement of its half year results and an equity-based private placement at the end of the week.

How did Mesoblast perform in the first half?

For the six months ended December 31, Mesoblast reported revenue of US$3.5 million and a loss after tax of US$48.9 million.

In respect to cash flows, the company revealed a net cash outflow from operations of US$60.1 million. This left Mesoblast with total cash and cash equivalents of US$77.5 million at the end of the period.

In light of its dwindling cash balance, the company advised that it has commenced a proposed equity-based private placement to a targeted industry…