On Wednesday, September 30, 2020,
Pluristem Therapeutics
Inc. (Nasdaq:PSTI) (TASE:PSTI), a leading Israeli
regenerative medicine company developing a platform of novel
biological products, and the Abu Dhabi Stem Cells Center (ADSCC)
unveiled their first joint projects in a presentation at the Malta
Conferences Foundation, a global conference supported by the kENUP
Foundation, a global promoter of research-based innovation with
public and societal benefit.
Pluristem and ADSCC presented the new projects, part of the
recently signed Memorandum of Understanding (MOU) aimed at
harnessing the power of regenerative medicine.
The first joint project brings together the expertise and
knowledge of Pluristem and ADSCC to advance a potential COVID-19
treatment. The project will involve the first-time administration
of Pluristem’s PLX cells via a nebulizer, a drug delivery device
that helps a patient inhale a medication through a mask or
mouthpiece, to COVID-19 patients. The collaboration will allow
ADSCC to expand its stem cell therapy options using Pluristem’s
novel PLX cells, while enabling Pluristem to leverage ADSCC’s
nebulizer administration experience to develop a new treatment
delivery model for PLX cells. ADSCC has reported effectively using
nebulizers to treat patients suffering from COVID-19 infection with
stem cells sourced from the patient’s own blood.
Further discussions for additional projects are underway,
including for the potential collaboration in chronic Graft Versus
Host Disease (cGvHD), a life-threatening immune response of the
donor’s stem cells against the host (patient).
The parties presented the joint projects to a distinguished
audience at the Malta Conferences Foundation, including Nobel
Laureates, scientists, and diplomats. The foundation’s mission is
to address the shared desire to improve the quality of life and
political stability in the Middle East by identifying unique
opportunities for collaboration to meet the scientific and
technological challenges of the region.
“I am delighted by the opportunity to convene this important
meeting. The Malta Conferences are the only platform in the world
where scientists from 15 Middle East countries, Morocco and
Pakistan can get together under the same roof with several Nobel
Laureates. They develop collaborations and friendship which
overcome the chasms of distrust and intolerance.” said Prof. Zafra
Lerman, President of Malta Conferences Foundation.
“Embarking on this journey with Pluristem, to overcome one of
this generation’s most complex medical challenges, marks an
exciting new chapter full of possibilities when it comes to
knowledge sharing and medical innovation. Our partnership speaks
volumes about the power of collaboration between partners across
previously divided borders. While we simply do not yet know
the long-term impact, the novel coronavirus will have on recovered
patients, by working together we believe that we are able to
leverage the best medical technologies and minds in the region to
develop solutions to prevent and treat the lingering symptoms and
long-term complications that are emerging,” said Dr. Yendry
Ventura, General Manager of ADSCC.
“We were very honored to unveil our first joint projects with
the ADSCC at the Malta Conferences Foundation. We see our
partnership as a movement between Israel and the UAE, which we hope
will lay the foundation for future collaborations that will help
potentially bring change to our region and the entire world. As we
work together to develop regenerative medicine for key unmet
medical needs of benefit to patients around the world, we are
excited for the future and its possibilities,” stated Pluristem CEO
and President Yaky Yanay.
‘Two world-class players in the field of cell therapy join
forces and cooperate on the fight of COVID-19. May this courageous
cooperation serve as an example to the world," says kENUP
Foundation’s Executive Chairman, Holm Keller.
About Malta Conferences The foundation’s
mission is to address the shared desire to improve quality of life
and political stability in the Middle East by identifying unique
opportunities for collaboration to meet the scientific and
technological challenges of the region. The Malta Conferences deal
with issues of science education, air and water quality, and
alternative energy sources, among other topics of mutual interest.
Global leaders have recognized that science diplomacy is an
extremely important mechanism for working toward stability in the
Middle East, and this is what the Malta Conferences have done for
the past 17 years.
About Abu Dhabi Stem Cells Center Abu Dhabi
Stem Cells Center (ADSCC) is an Abu Dhabi-based specialist
healthcare center focused on cell therapy and regenerative
medicine, as well as delivering cutting-edge research on stem cells
in the region. The Center was founded in March 2019 to meet growing
domestic and regional demand for highly specialized medical
services and treatments. Equipped with the latest technologies,
medical devices which are unique to the region, and a team of
internationally recognized doctors working hand in hand with
researchers, ADSCC is the first of its kind in the UAE. ADSCC
specialties include immunology, hematology, clinical stem cell
therapy, molecular biology, immunotherapy, orthopedics, and urology
– amongst others.
About kENUP Foundation kENUP is a global
partnership in innovation, promoting research-based innovation for
Europe with public and societal benefit. It is a not-for-profit
organization established as a foundation in the Republic of Malta
by Public Deed on November 6, 2014. kENUP’s activities are
published in the European Transparency Register. The
Foundation supports European corporations active in industries with
substantive underlying market failures by preparing corporate
innovation programs for an investment by the European Investment
Bank (EIB), or by other public investment banks in the EU, often in
close collaboration with private or venture investors.
About Pluristem Therapeutics Pluristem
Therapeutics Inc. is a leading regenerative medicine company
developing novel placenta-based cell therapy product candidates.
The Company has reported robust clinical trial data in multiple
indications for its patented PLX cell product candidates and is
currently conducting late stage clinical trials in several
indications. PLX cell product candidates are believed to release a
range of therapeutic proteins in response to inflammation,
ischemia, muscle trauma, hematological disorders and radiation
damage. The cells are grown using the Company's proprietary
three-dimensional expansion technology and can be administered to
patients off-the-shelf, without tissue matching. Pluristem has a
strong intellectual property position; a Company-owned and operated
GMP-certified manufacturing and research facility; strategic
relationships with major research institutions; and a seasoned
management team.
Safe Harbor Statement This press release
contains express or implied forward-looking statements within the
Private Securities Litigation Reform Act of 1995 and other U.S.
Federal securities laws. For example, Pluristem is using
forward-looking statements when it discusses its first project with
ADSCC and that such collaboration will allow ADSCC to expand its
stem cell therapy options using its novel PLX cells, while enabling
it to leverage ADSCC’s nebulizer administration experience to
develop a new treatment delivery model for PLX cells, potential
future projects with ADSCC, including the potential collaboration
in chronic GvHD, the belief that it and ADSCC are able to leverage
the best medical technologies and minds in the region to develop
solutions to prevent and treat the lingering symptoms and long-term
complications that are emerging and that it sees its partnership
with ADSCC as a movement between Israel and the UAE, which it hopes
will lay the foundation for future collaborations that will help
potentially bring change to its region and the entire world. These
forward-looking statements and their implications 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; Pluristem may encounter delays or
obstacles in launching and/or successfully completing its clinical
trials; Pluristem’s products may not be approved by regulatory
agencies, Pluristem’s technology may not be validated as it
progresses further and its methods may not be accepted by the
scientific community; Pluristem may be unable to retain or attract
key employees whose knowledge is essential to the development of
its products; unforeseen scientific difficulties may develop with
Pluristem’s process; Pluristem’s products may wind up being more
expensive than it anticipates; results in the laboratory may not
translate to equally good results in real clinical settings;
results of preclinical studies may not correlate with the results
of human clinical trials; Pluristem’s patents may not be
sufficient; Pluristem’s products may harm recipients; changes in
legislation may adversely impact Pluristem; 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.
Contact: Dana Rubin Director of Investor
Relations 972-74-7107194 danar@pluristem.com
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