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Why are Mesoblast shares jumping 8% today?

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Mesoblast Ltd (ASX: MSB) shares are on the rise on Wednesday afternoon.

At the time of writing, the ASX biotechnology stock is up 8% to $2.17, outperforming a relatively flat ASX 200 index.

Image source: Getty Images

Why are Mesoblast shares rising today?

Investors have been bidding the…



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