Category Archives: australia transport stocks

Why did Mesoblast and Cover-More sink?

Teva withdrew partnerships with the group: Mesoblast limited (ASX: MSB) plunged over 42% on June 14, 2016 as Teva reported that they would withdraw their partnership with the group and quit their financial consideration for the group’s potential blockbuster candidate in cardiovascular portfolio-MPC-150-IM for heart failure. MSB’s US partner, Teva gave up all rights to its heart failure treatment and

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Fall in Qantas Airways and Santos Limited

Dip in consumer confidence and soft performance: Qantas Airways Limited (ASX: QAN) reported that its Revenue per Available Seat Kilometer (RASK) fell during the month of March 2016 due to decline in yield performance for domestic as well as international businesses. The group reported that the traffic performance during the peak Easter and school holiday period for March was not

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