StockWatch
·
Biotechnology: Biological Products (No Diagnostic Substances)
Clinical TrialJul 14, 2026, 08:01 AM

Mesoblast achieves 300-patient target in Phase 3 CLBP trial

AI Summary

Mesoblast Limited announced it has achieved its target of at least 300 patients treated in the pivotal Phase 3 randomized controlled trial of rexlemestrocel-L for chronic low back pain (CLBP). The trial aims to confirm durable pain reduction from a single intra-discal injection. Top-line results are anticipated in mid-CY2027, and rexlemestrocel-L holds Regenerative Medicine Advanced Therapy (RMAT) designation from the FDA.

Key Highlights

  • Mesoblast achieved its target of 300 patients treated in the pivotal Phase 3 trial.
  • The trial is for rexlemestrocel-L for chronic low back pain (CLBP).
  • Primary endpoint is significant pain reduction at 12 months.
  • Top-line results are expected in mid-CY2027.
  • Rexlemestrocel-L has Regenerative Medicine Advanced Therapy (RMAT) designation.
  • Potential peak year revenue for the indication is over $10 billion.
  • CLBP affects over 7 million people in the U.S.