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Mesoblast’s (MSB: AX, MESO) JCR Pharma (Japanese Licensee) receives pricing for TEMCELL® HS (Prochymal) for treatment of Acute Graft Versus Host Disease - BUY

November 27, 2015 7:46am

MESO's licensee in Japan, JCR Pharmaceuticals Co. Ltd., has received notification that the Japanese Government’s National Health Insurance (NHI) body has formally set the price for the mesenchymal stem cell product TEMCELL®. JCR’s launch of TEMCELL for the treatment of acute graft versus host disease (aGVHD) after an allogeneic bone marrow transplant (BMT) is anticipated in February 2016.

Under its agreement with JCR, Mesoblast is entitled to receive royalties and other payments at pre-defined thresholds of cumulative net sales.

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