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Monday, April 18, 2011 6:25:22 AM
Press Release Source: ABN Newswire On Monday 18 April 2011, 9:21 EST
Melbourne, Australia, April 18, 2011 - (ABN Newswire) - Standard and Poor's (S&P) Indices has announced that regenerative medicine company Mesoblast Limited (ASX:MSB.AX) (Other OTC:MBLTY.PK) will be included in the S&P/ASX 200 Index, effective after the close of business on Wednesday 27 April, 2011.
"Inclusion in the S&P/ASX 200 index is a major achievement for Mesoblast," said Chief Executive Professor Silviu Itescu. "This important milestone serves to further underscore the company's strong financial performance and global leadership in the field of regenerative medicine."
About S&P/ASX 200
The S&P/ASX 200 is recognized as the primary investable benchmark in Australia. The index covers approximately 78% of Australian equity market capitalization. Index constituents are drawn from eligible companies listed on the Australian Securities Exchange. This index is designed to address investment managers' needs to benchmark against a portfolio characterized by sufficient size and liquidity.
About S&P Indices
S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices.
About Mesoblast Limited:
Mesoblast Limited (ASX:MSB.AX) (Other OTC:MBLTY.PK) is a world leader in commercializing biologic products for the broad field of regenerative medicine. Mesoblast has the worldwide exclusive rights for a series of patents and technologies developed over more than 10 years relating to the identification, extraction, culture and uses of adult Mesenchymal Precursor Cells (MPCs). www.mesoblast.com
Contact:
Julie Meldrum
Corporate Communications Director
T: +61-3-9639-6036
C: +61-419-228-128
Email:julie.meldrum@mesoblast.com
Source:
Mesoblast Limited
Copyright (C) 2011 ABN Newswire. All rights reserved.
http://au.finance.yahoo.com/news/Mesoblast-Limited-ASX-MSB-asiacorp-341566014.html?x=0&.v=1
Everything I state is just my own opinion so do your own DD.
Buying great stocks is important but buying great stocks at a great price is even more important.
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