Vertebral disc degeneration
The intervertebral disc is a cartilage that cushions the stress forces on the spine and enables the normal rotation of the spine. With advancing age, there is progressive loss of the proteoglycan material that gives the disc its properties, and a consequent increased risk of damage to the spine. This process, termed degenerative disc disease, affects 20-25 per cent of the population.

It involves progressive tearing and cleft formation of the inner layer of the disc, splitting of the outer layer and microfractures of the disc endplates.

Pain from disc degeneration may be felt in the back at the site of origin or elsewhere, as in sciatica, due to compression of nerve roots or leakage of irritating disc material into the nerve roots. Lower back arthritis may cause pain in the buttock, hips, groin and thighs.

Therapies available for chronic low back pain associated with moderate degenerative disc disease are limited. They include pain management and physiotherapy. Surgical options such as spinal fusion are reserved for patients with severe degenerative disc disease (more than one million annually in the US alone).

Spinal fusion, in which bone marrow cells or bone chips and a bone growth-promoting agent are surgically implanted, is performed on less that 20 per cent of patients with severe degenerative disc disease, as it is a major surgical procedure often associated with serious complications including infection, permanent nerve damage, and recurrence or worsening of pain. Artificial vertebral discs are associated with the same complications as spinal fusion in addition to loss of mobility and device failure.

Since MPC produce the proteoglycan materials found in discs, Mesoblast envisages that the injection of MPC into a degenerated intervertebral disc will lead to replacement of the protoeglycan of cartilage. This approach, with its anticipated ease of application and lack of side-effects, should offer a relatively non-invasive and cost-effective therapy for patients with moderate or severe degenerative disc disease.

The Technology


 

Last Share Price

August 26 2010- Preliminary 2010 Annual Report

August 26 2010 - Mesoblast Financial Year End Results; Strong Clinical Progress, Major Regulatory Milestone and Enhanced Corporate Strategy

23 August 2010 - EGM documents - Letter from the Chairman, Notice of Meeting, Independent Expert Report.

16 August - Mesoblast on track for phase 3 bone marrow transplant trial following positive meeting with FDA

21 July - Mesoblast receives TGA regulatory approval to commercially manufacture adult stem cell products

12 July - Phase 3 meeting scheduled with FDA following positive results of bone marrow regeneration trial

28 May - Mesoblast featured at ASX Singapore conference highlighting emerging market leaders

19 May - United States FDA Clears Phase 2 Trial for Cervical Spinal Fusion

16 August 2010 - Southern Cross Equities research - Phase III getting ready for takeoff

23 July 2010 - Southern Cross Equities Research – Big Pharma will be watching

21 July 2010 - Southern Cross Equities Research – The clinical endgame nears

17 May 2010 - Southern Cross Equities Research – Capitalising the Stem Cell Opportunity

14 May 2010 - Bioshares

26 February - RBS Equities Research - Mesoblast (Buy) 1H10 - Master Blasters

July 2009 - Chairman’s Letter

May 2009 - Chairman’s Letter

May 2008 - Issue Nine