Business
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…
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