Friday, December 20, 2024

Mesoblast gets FDA approval and shares are rocketing



What a great story of persistence, resilience , belief and success 


I look forward to follow this continuing narrative of yet another  Australian innovation!!


Mesoblast (ASX:MSB) has received approval from the US Food and Drug Administration (FDA) for Ryoncil (remestemcel-L), making it the first mesenchymal stromal cell (MSC) therapy to be approved in the United States for any indication.


Ryoncil is the only FDA-approved therapy for treating steroid-refractory acute graft-versus-host disease (SR-aGvHD) in children.


Peter Marks, director of the FDA’s Centre for Biologics Evaluation and Research, said the approval was a milestone in the use of innovative cell-based therapies to treat life-threatening diseases.


The disease


"Allogeneic stem cell transplant" involves a patient receiving stem cells from a donor. The procedure is used to treat blood cancers (like leukaemia), inherited blood disorders (like sickle cell disease), and immune system deficiencies.


However, such transplants carry a risk of graft-versus-host disease (GvHD), where the donor's immune cells attack the patient’s body. First-line treatment for GvHD is corticosteroids, which suppress the immune system.


Steroid-refractory (SR) GvHD occurs when a patient's GvHD does not improve, or in fact worsens, after three to seven days of high-dose corticosteroids.


Once GvHD becomes steroid-refractory, the condition becomes much harder to treat, and patients face a higher risk of death.


Enter Ryoncil


Ryoncil is a therapy using cells from bone marrow (mesenchymal stromal cells). It's typically administered via intravenous infusion. The MSCs modulate the immune system, inhibiting the activation of T-cells, a type of white blood cell that attacks infected and foreign cells. They also reduce the release of cytokines, which are small proteins that control inflammation.


This mechanism allows Ryoncil to target conditions linked to excessive immune responses, such as aGVHD.


Significant clinical results


The FDA’s approval follows a Phase 3 trial of paediatric patients with SR-aGvHD, of which 89% had severe Grade C or Grade D disease. The trial showed that 70% of patients achieved an overall response by Day 28 of treatment with Ryoncil, a rate that's predictive of survival in cases of aGVHD.


More than 85% of patients completed the full course of Ryoncil treatment without interruption, with no discontinuations due to laboratory abnormalities.


Transplant physician Dr Joanne Kurtzberg, Director of the Marcus Center for Cellular Cures at Duke University Medical Center, commented: “Steroid-refractory acute graft-versus-host disease is a devastating condition with an extremely poor prognosis. From today, we are able to offer Ryoncil, the first FDA-approved treatment which will be life-saving for so many children and will have a great impact on their families."


Commercial significance


The global graft-versus-host disease market has been valued at around US$3bn in 2024 and is projected to reach around US$10bn by 2031.


Chief Executive Dr Silviu Itescu commented: 


“With Ryoncil’s approval by the FDA, Mesoblast has demonstrated the ability to bring the first MSC product to market. We will continue to work closely with the FDA to obtain approval of our other late-stage products, including REVASCOR for cardiovascular diseases and rexlemestrocel-L for inflammatory pain indications.”


With approval secured, Ryoncil will be made available at US transplant centres and other treating hospitals.


Mesoblast also aims to expand Ryoncil’s use to address the adult GvHD market.


Shares in Mesoblast closed 54.04% higher at $3.05 yesterday.  



Friday, November 29, 2024

HCLTECH and BSI Learning forge a strategic partnership


An amazing milestone and alliance was forged today between HCLTECH and BSI Learning.

This has the opportunity to upskill and change lives for the better on so many levels . Improving students lives - giving them opportunities that they did not think possible .

Changing lives and creating generational legacies - one student at a time  

Excited to be part of  the #nexttechrevolution 

This comes a week after the announcement of 
#academyex taking a strategic stake in #bsilearning 

Ivan Kaye says that that these alliances will enable BSI  Learning to reach its full potential .

A classic win win win 




Thursday, November 28, 2024

Looking to leave corporate and join the land of the entrepreneur?



This is a gem that I got from Jerry Engel when I was fortunate to do an entrepreneurship course at HAAS business school in Berkeley 20 years ago

There are 3 things that will make your venture a success 


- you are  solving a real problem - not just by providing a vitamin - but by providing a painkiller 💊!

- your venture is  about serving others

- you know exactly why your solution stands out. You have a clear point of difference ! 



So, If you are looking to build a startup -   ask yourself these 3 questions—


1. What problem are you willing to spend your time solving?

2. Why does solving this problem matter to you personally?

3. Why can’t people live without your solution? Is it a painkiller, vitamin or just a placebo?


Action without vision and clarity  is chaos,.
Vision and clarity without action is hallucination
 Vision with Action is the magic formula!!!

Tuesday, November 26, 2024

academyEX acquired a strategic stake in BSI Learning


Ivan Kaye. “After 20 years of riding the wave of building  BSI Learning ….. it’s time to pass the baton on to academyEX. 
Very proud of what the team at BSI Learning and BSI Digital has built - led by Kala Philip, Simon Dewar and Dylan Chan - and look forward to great things happening from an amazing team”




Sunday, November 24, 2024

Business Rule #1




Great Insite from my friend Peter Knight 

Have something to sell….. that people actually want.
It’s no use having the best breakfast in the world if no one’s hungry!

Ask yourself, about the thing you sell, “Do people actually want this?”

Then, be smart with your marketing. 

- Find your target market.

- Promote it to them.

- And consistently deliver the best breakfast in the world!

Remember, you can only sell what people actually want.

(Not what you think they want).

#marketing #sales #business #businessopportunities #franchise #franchiseopportunities #thefranchiseaccountant

Saturday, November 23, 2024

VC backs cuttable with $5.5m based on people with deep experience who’ve done it before!




Cofounders Sam Kroonenburg, Jack White and Ed Ring have raised $5.5m for their AI-powered adtech startup Cuttable


Seed funding round led by Paul Bassat’s Square Peg and supported by Taryn Pieterse at Rampersand and other strategic angel investors .


Backing people with strong expertise who’ve done it before!

Sam Kroonenburg co-founded A Cloud Guru - an online learning business, and went on to sell it for more than $2 billion in 2021


Jack, Sam and Adam all have deep experience in tech and advertising  and a strong track record of creating cutting-edge solutions”.


Paul Bassett of Square Peg has  joined the board 


What Cuttable does

Cuttable is a “first-of-its-kind automated content agency” that aims to support marketers and agencies marry creative advertising with AI to create high-quality digital ads at scale.


Curable enables  the automation of the creative with AI  - enhancing creativity, optimising ad performance and streamlines the production process - enabling more messages, more personalisation and more targeting –

Customers 


Imagine having the ability to translate a marketing brief into a live ad within a few clicks!! 


Cuttable is already working with Woolworths-owned brand Catch.com.au, and OnePass, and counts the likes of Medibank, Nando’s, Penfolds, Powershop, and DiDi among its clients.


Star trek Comment by Kroonenburg

“It’s about doing what was once impossible, - creating a new frontier in advertising, where technology and creativity converge to deliver unparalleled results for marketers and agencies”.


Thanks Eloise Keating from Smartcompany for the heads up

https://www.smartcompany.com.au/startupsmart/news/sam-kroonenburg-a-cloud-guru-raises-5-5-million-ai-startup-cuttable/

Tuesday, November 19, 2024

From zero to $2.5 billion in 20 years.




It was 20 years ago when Luke Anear started SafetyCulture in his garage  in Townsville and is now stepping down as CEO as it looks to list, after raising $165m in September last year!


What Safetyculture does 


After numerous jobs Luke saw the l impact workplace incidents had on businesses and their employees, and built a simple checklist app for workplace inspections to help reduce hazards and accidents. 


SafetyCulture has since grown into an all-in-one workplace operations platform, serving nearly 2 million customers globally and targeting 100 million users by 2032. 


Its software is predominantly used by frontline workers across construction, manufacturing, hospitality and retail.


Luke will remain  SafetyCulture’s largest shareholder and owns just under a quarter of the company.


Luke’s huge shows will be filled by  Kelly Vohs, who will be based in the USA ahead of a listing! 


Support by the greats 

Canva co-founder Cliff Obrecht , Blackbird partner Rick Baker , Atlassian Scott Farquhar and Kell Reilly of Airtree are among Luke’s inner circle.


The Safety Culture Growth Path 


SafetyCulture has doubled in size in the last 2 years - having  85,000 businesses and close to 2 million users around the world using its platform!! Luke believes that Kelly has what it takes to get to 100m users 


Another game changer -  started in Australia 



See more https://bsivc.blogspot.com/2024/09/safetyculture-hits-home-run-with-airtree.html