India, Sept. 25 -- Biotech and pharma companies delivered a busy slate of updates, spanning regulatory approvals, multibillion-dollar drug discovery partnerships and pivotal clinical-trial readouts across oncology, metabolic diseases, immunology and rare diseases.

Let us unpack the specifics.

Regulatory Approvals

FDA Approves Meso's New Quality Assay for Ryoncil

Mesoblast Ltd. (MESO) received FDA approval for a new potency assay to monitor commercial batches of Ryoncil, its FDA-approved mesenchymal stromal cell therapy. The T-cell proliferation inhibition bioassay improves detection of potency changes and complements existing release tests under the product's biologics license.

MESO closed Thursday's trading at $15.48, up 1.24%

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