NEW YORK--(BUSINESS WIRE)--
Pluristem Therapeutics
Inc. (NASDAQ:PSTI)
(DAX:PJT), a bio-therapeutics company dedicated to the
commercialization of unrelated donor-patient (allogeneic) cell therapy products for a variety of degenerative, ischemic
and autoimmune indications, today announced that the
Company will be featured on RedChip Real Radio(TM)
Monday, May 19, 2008, at 9:00AM EDT. Pluristem's Senior
Vice President Corporate Development, William Prather
RPh, MD, will be interviewed. RedChip Real Radio(TM) is
a daily financial program with nationally known radio
personality, Gary McKenzie, that features small-cap
companies from around the country.
RedChip Real Radio(TM) can be heard every trading day
from 9 a.m. to 10 a.m. EDT and every evening from 6 p.m.
to 7 p.m. EDT on Washington Business Radio 700 AM. The
show can also be heard live on RedChip's international
online audio stream at
www.redchip.com. The financial talk show features
exclusive CEO interviews with hosts Dave Gentry,
President and CEO of RedChip Companies, Inc., and Gary
McKenzie, a nationally known financial talk show host
and former CBS Radio Network anchor.
Mr. Zami Aberman, Pluristem's President & CEO,
stated: "We are pleased that RedChip Real Radio has
decided to feature us on their program and allow the
investment community to learn about our unique and
innovative cellular therapeutics business model."
About Pluristem
Pluristem Therapeutics Inc. is a bio-therapeutics
company dedicated to the commercialization of
unrelated donor-patient (allogeneic) cell therapy products for
the treatment of several severe degenerative, ischemic
and autoimmune disorders. The Company is developing a
pipeline of products, stored ready-to-use, that are
derived from the human placenta, a non-controversial,
non-embryonic, adult stem cell source.
These placental mesenchymal stromal cells (MSCs) are
expanded in the Company's proprietary PluriX(TM) 3D
bioreactor, which imitates the natural microstructure of
bone marrow and does not require supplemental growth
factors or other exogenous materials. Pluristem believes
the resultant PLX (PLacental eXpanded) cells are
multi-potent and able to differentiate into a variety of
cell types. Recent evidence also suggests their efficacy
may be related to the secretion of cytokines or other
potent immune modulators. Furthermore, PLX cells are
immune privileged and have immunomodulatory properties,
thus protecting the recipient from immunological
reactions that often accompany transplantations.
Pluristem's first product in development, PLX-PAD, is
intended to improve the quality of life of millions of
people suffering from peripheral artery disease (PAD).
The Company's products in development also include
PLX-BMT, targeting 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; PLX-STROKE, targeting ischemic
stroke; PLX-MS, targeting Multiple Sclerosis; and
PLX-IBD, targeting patients suffering from
Inflammatory Bowel Disease (IBD), which includes Crohn's
disease and Ulcerative Colitis.
Pluristem has offices in the USA with research and
manufacturing facilities in Israel.
See our product animation on YouTube:
http://www.youtube.com/watch?v=OFhWXyJT6Us.
Safe Harbor Statement
This press release contains forward-looking
statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform
Act of 1995 and federal securities laws. 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; 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; 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 risk and uncertainties
affecting Pluristem, reference is made to Pluristem's
reports filed from time to time with the Securities and
Exchange Commission.
For more information visit our website at
www.pluristem.com,
the content of which is not part of this press release.
Source: Pluristem Therapeutics Inc.