Insider Buying: Mesoblast (ASX:MSB) Insider Buys A$96,000.00 in Stock

Mesoblast Limited (ASX:MSB) insider Lynette Cobley purchased 30,000 shares of the stock in a transaction dated Friday, January 9th. The shares were purchased at an average price of A$3.20 per share, with a total value of A$96,000.00.

Mesoblast Price Performance

The company has a quick ratio of 1.82, a current ratio of 1.18 and a debt-to-equity ratio of 24.76. The company has a market cap of $2.32 billion, a price-to-earnings ratio of -23.29, a price-to-earnings-growth ratio of 9.56 and a beta of 2.38.

Mesoblast Company Profile

Mesoblast Limited engages in the development of regenerative medicine products in Australia, the United States, Singapore, and Switzerland. The company offers products in the areas of cardiovascular, spine orthopedic disorder, oncology, hematology, and immune-mediated and inflammatory diseases. Its proprietary regenerative medicine technology platform is based on specialized cells known as mesenchymal lineage cells. The company offers Remestemcel-L that is in Phase III clinical trials for the treatment of systemic inflammatory diseases, including steroid refractory acute graft versus host disease, acute respiratory distress syndrome, and biologic refractory inflammatory bowel disease; and Remestemcel-L, which is in Phase III clinical trials to treat chronic heart failure and chronic low back pain due to degenerative disc disease.