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[BUSINESS] · Australia, United States · 3 sources

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Mesoblast reports 44% revenue surge in Ryoncil sales for Q1 FY26

Mesoblast Limited, a Melbourne-based biotechnology firm specializing in allogeneic cellular medicines, reported strong financial results for its first fiscal quarter ending September 30, 2026.

The company announced a 44% increase in net revenue from its Ryoncil product, reaching US$28 million, up from US$19 million in the same period last year. Additionally, Mesoblast achieved an 85% improvement in net operating cash spend, which fell to US$2.3 million from US$14.9 million in the prior year.

Ryoncil, which is FDA-approved for children under 12 with steroid-refractory acute graft-versus-host disease, saw its highest number of new patient starts in September. The company reported a total cash position of US$99 million and plans to continue expanding Ryoncil adoption across its 54 onboarded treatment sites.

Entities

Melbourne · Mesoblast Limited · Ryoncil · Silviu Itescu · U.S. Food and Drug Administration

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