| NEW YORK--(BUSINESS WIRE)--Pluristem Life Systems, Inc. (OTCBB:PLRS
- News), a cell
therapy Company dedicated to the commercialization of products for a
variety of indications, announced today that it will present two
scientific posters at the 13th Annual Meeting of the International
Society for Cellular Therapy (ICST), June 24-27, 2007 in Sydney
Australia. Pluristem CEO and Chairman, Mr. Zami Aberman
commented, "We are receiving more attention from the scientific
community as our research and development team continues to successfully
show how innovative our Placenta eXpanded (PLX) cells are. These PLX
cells are mesenchymal stem cells expanded in our proprietary 3D
PluriX(TM) Bioreactor System."
Pluristem's presentations are entitled, "Expansions of
cord blood (CB) derived unseparated hematopoietic stem cells (HSC)
co-cultured with mesenchymal cells growing in three dimensional (3-D)
mode" and "Promotion of CD34+ cells engraftment using mesenchymal
stromal cells expanded ex vivo in bioreactor containing high-density 3-D
culture."
Pluristem will also attend the 2007 BIO International
Convention being held at the Boston Convention & Exhibition Center from
May 6-9, 2007. BIO represents more than 1,100 biotechnology companies,
academic institutions, state biotechnology centers and related
organizations across the United States and 31 other nations.
Mr. Aberman added, "These venues provide us with several
opportunities to interact with researchers, laboratory professional,
physicians, regulatory specialists, business leaders, investments
professionals and business colleagues, all working or interested in the
cellular therapy sector."
About Pluristem
Pluristem Life Systems, Inc. is a Company dedicated to
the commercialization of non-personalized (allogeneic) stem cell therapy
products for the treatment of numerous severe degenerative, malignant
and autoimmune disorders. The Company's first planned product, PLX-BMT,
targets a $2 billion market and is intended to resolve the global
shortfall of matched tissue for bone marrow transplantation (BMT) by
improving the engraftment of hematopoietic stem cells (HSCs) contained
in umbilical cord blood (CB).
Pluristem's products are derived from mesenchymal stem
cells (MSCs) obtained from the placenta and expanded in the Company's
proprietary PluriX(TM) 3D bioreactor that imitates the natural
microstructure of bone marrow and does not require supplemental growth
factors, cytokines or other exogenous materials. Pluristem believes the
resultant expanded cells, termed PLX cells, are multipotent and able to
differentiate into a variety of cell types as well as being
immune-privileged to protect the recipient from immunological reactions
that often accompanies transplantation. Pluristem believes their future
products will participate in the approximate $30 billion therapeutic and
regenerative cellular market.
Pluristem has offices in the USA with research and
manufacturing facilities in Israel.
www.pluristem.com
Safe Harbor Statement
This press release contains statements, which may
constitute "forward-looking statements" regarding our intent, belief or
current expectations. Forward-looking statements in this release include
that PLX-BMT, targets a $2 billion market and is intended to resolve the
global shortfall of matched tissue for bone marrow transplantation
(BMT); that future Pluristems products will participate in the
approximate $30 billion therapeutic and regenerative cellular market.
Factors that could prevent our forward looking statements from being
achieved include that we may be unable to get regulatory approval for
our products; we may be unsuccessful in developing any products; 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; results in the laboratory may not translate to
equally good results in real surgical settings; our patents may not be
sufficient to protect essential aspects of our technology; competitors
may invent better technology; our products may not work as well as hoped
or worse, our products may harm recipients; and we may not be able to
raise funds for development or working capital when we require it. As
well, our products may never develop into useful products and even if
they do, they may not be approved for sale to the public. For further
risk factors see the Company's latest 10-KSB filed with the SEC.
For more information visit our website at
www.pluristem.com
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