Pluristem Therapeutics Inc. (NasdaqCM: PSTI) (DAX: PJT) today announced that its off-the-shelf placenta-derived cell therapies will be the focus of presentations at upcoming investor and medical conferences. Chaya Mazouz, the company’s vice president of clinical and regulatory affairs, will present information about the regulatory study design considerations for PLX-PAD, the company’s lead cell therapy candidate for the treatment of critical limb ischemia (CLI), at 11 a.m. EDT on May 24 at the International Society for Cellular Therapy’s (ISCT) 16 th Annual Meeting in Philadelphia. She will also participate in a case study panel discussion: "Global Regulatory Perspectives Workshop", on May 23 at 3:15 p.m. EDT. Also at the meeting, Frida Grynspan, Pluristem’s vice president of research and development, will present an overview of the immunological profile of CLI patients following the intramuscular administration of PLX-PAD. Her presentation will take place at 10:45 a.m. EDT on May 25. “We recently reported interim top-line results from our Phase I clinical trials demonstrating that PLX-PAD is safe, well tolerated and had improved the quality of life of CLI patients in the studies,” said Zami Aberman, Pluristem’s chairman and CEO. “With PLX-PAD, we have the unique opportunity to utilize a single source of cells, the placenta, to treat an unlimited number of CLI patients. Our presentations at the ISCT Annual Meeting and other conferences will highlight the potential of PLX-PAD as well as our core technology that enables the cost-effective development of cell therapies derived from the human placenta.” At 1:15 p.m. EDT on June 1, Mr. Aberman will participate in a plenary session about the allogeneic approaches of cell therapy at the Stem Cell Investor & Executive Networking Conference Event (SCIENCE) in New York. Hosted by National Securities Corporation and MD Becker Partners, SCIENCE is designed to unite investors with industry executives to exchange information and highlight opportunities in the stem cell universe. The event will bring together researchers, clinicians, business leaders, key investors and other stakeholders in the cell therapy space.
About PluristemPluristem is a clinical stage biotechnology company with proprietary technology for the development and manufacturing of standardized cell therapies derived from the human placenta. Pluristem’s patented and scalable PLX (PLacental eXpanded) cell product candidates are developed as readily available for the treatment of critical limb ischemia (CLI) and other diseases. In April 2010, Pluristem reported interim top-line results from Phase I clinical trials of PLX-PAD that demonstrated the cell therapy is safe, well tolerated and effective in patients with critical limb ischemia (CLI). See our product animation on YouTube: Animation, the content of which is not part of this press release. Safe Harbor Statement This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. For example, when we say that our interim-top line results from our Phase I clinical trials demonstrated that PLX-PAD is safe, well tolerated and had improved the quality of life of CLI patients in the studies, or that with PLX-PAD, we have the unique opportunity to utilize a single source of cells, the placenta, to treat an unlimited number of CLI patients, or that our presentations at the ISCT Annual Meeting and other conferences will highlight the potential of PLX-PAD as well as our core technology that enables the cost-effective development of cell therapies derived from the human placenta, we are using forward looking statements. These forward-looking statements are based on the current expectations of the management of Pluristem only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; we may encounter delays or obstacles in launching our clinical trials; our technology may not be validated as we progress further and our methods may not be accepted by the scientific community; we may be unable to retain or attract key employees whose knowledge is essential to the development of our products; unforeseen scientific difficulties may develop with our process; our products may wind up being more expensive than we anticipate; results in the laboratory may not translate to equally good results in real surgical settings; our patents may not be sufficient; our products may harm recipients; changes in legislation; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of Pluristem to differ materially from those contemplated in such forward-looking statements. Except as otherwise required by law, Pluristem undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risks and uncertainties affecting Pluristem, reference is made to Pluristem's reports filed from time to time with the Securities and Exchange Commission.
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