Mesoblast raises A$170 million

Mesoblast Ltd. (ASX:MSB; Pink:MBLTY) raised A$170 million ($173.8 million) through the sale of 27 million shares at A$6.30 in a private placement to existing and new global institutional investors, including M&G Investment Management and Capital Research. The price is a 2% discount to Mesoblast's close of A$6.44 on March 1, Mesoblast's last trading day before the placement was announced. Mesoblast was off A$0.16 to A$6.02 on Thursday. ...