| NEW YORK--(BUSINESS WIRE)--Pluristem Life Systems, Inc. (OTCBB:PLRS
- News), a
bio-therapeutic Company dedicated to the commercialization of products
for a variety of medical disorders, announced today that its shares have
begun trading on Europe's Frankfurt Stock Exchange, under the symbol
PJT. The International Security Identification Number (ISIN/CUSIP) is
US72940P1066 and German Security Code is 813519. Pluristem CEO and
Chairman, Mr. Zami Aberman commented, "This new listing on the Frankfurt
Stock Exchange gives our Company more market exposure and provides our
stock higher liquidity in two major equity markets. We also believe it
will enhance cooperation with European scientific companies and
institutions in the development of our product portfolio."
The Frankfurt listing allows European investors and shareholders to
trade Pluristem's shares in their time zone and currency. Located in
Frankfurt, Germany, the Frankfurt Stock Exchange is a leading
international stock exchange. One of the largest and most efficient
exchanges in the world, the Frankfurt Stock Exchange executes over 90
percent of the transactions in the German market and represents a
substantial share of the European market. For more information, please
visit www.deutsche-boerse.com.
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 and is incorporated 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
this new listing gives our Company more market exposure and provides our
stock higher liquidity in two major equity markets; that it will enhance
cooperation with European scientific companies and institutions in the
development of our product portfolio. 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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