Mesoblast Seeks New Partner In Chronic Heart Failure, To Replace Teva
The surprise parting of ways between Mesoblast Ltd. and Teva Pharmaceutical Industries Ltd. leaves the Australian group seeking a new partner to pursue ongoing Phase III trials and subsequent commercialization for chronic heart failure product MPC-150-IM.
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Mesenchymal cell specialist Mesoblast came back from a near-death experience in 2016 when Teva returned a key asset. But recent success in a Phase III trial in acute GVHD has brought it some attention. Now it needs to repeat the achievement in advanced heart failure and find a partner for its burgeoning pipeline.
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