Is Wall Street Wrong About Mesoblast?
When doctors, researchers, and politicians discuss the trajectory of the coronavirus pandemic, the most hopeful scenarios include the development of successful treatments and vaccines that make the disease burden more manageable and ultimately squash it for good. Hundreds of drug compounds are being studied as potential treatments, although encouraging results -- or any results at all -- have been rare.
In mid-June, researchers in Britain announced the results of a 5,000-patient study concluding dexamethasone, a low-cost and widely available steroid, reduced deaths of patients on ventilators by about 33%. It became the first drug shown to be effective in reducing COVID-19 deaths in severe cases.
Mesoblast (NASDAQ: MESO) is hoping to deliver the world another effective option, albeit one involving cell therapy, before the end of 2020. Wall Street doesn't seem terribly optimistic about the Australian biopharma's experimental therapy, but there are solid reasons to think the chance of success isn't being properly priced into shares of the small-cap stock.
Source Fool.com
