MSB -17%: crashed to 18 month lows today after Swiss healthcare giant Novartis walked from a deal around a treatment for COVID related respiratory issues. Novartis and Mesoblast penned a collaboration agreement last year which saw Novartis make an initial $US50m upfront payment with a $US25m equity stake. The deal could have been worth $US1.25b the remestemcel-L treatment was to achieve certain commercialisation targets and sales milestones but Novartis pulled the plug today, around 12 months after the initial day. Mesoblast remains confident the treatment is effective and trials have shown a fall in mortality rates in trials on COVID ARDS patients.
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Reporting season has taken a positive turn – James Gerrish breaks down some of this weeks action.
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Thursday 11th September – Dow off -220pts, SPI off -20pts
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Market Matters Monthly Video Update: Portfolio Performance for November 2025
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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JB Hi-Fi (JBH) historical PE multiple – source Bloomberg
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Reporting season has taken a positive turn – James Gerrish breaks down some of this weeks action.
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