Stem Cells Supplied-on-Demand: Business Model Gets $8M Funding : Investments and Finance News Onlypunjab.com- Investments and Stocks News

| Wedding | Fashion | Home | Onlypunjab Email

News Main
Stem Cells Supplied-on-Demand: Business Model Gets $8M Funding

Publish Date : 2/27/2007 9:06:00 AM Source : Investments and Finance News Onlypunjab.com

Pluristem Life Systems, Inc. (OTCBB:PLRS), a cell therapy Company dedicated to the commercialization of stem cell products for a variety of indications, yesterday announced that it has signed a binding term sheet with new investors for a private equity investment in the amount of $8,000,000. The first payment of funds totaling $1,250,000 has been received.
Mr. Zami Aberman, CEO of Pluristem Life Systems stated: "We are delighted these new investors have shown their confidence in Pluristem. Our business strategy targets a potential $30 billion market by capitalizing on our proprietary PLacenta eXpanded (PLX I) and 3D PluriX(TM) technologies and our unique business model of "supply-on-demand" cells for a variety of clinical indications. This financing enables us to fund our activities for the next 2 years and generate the clinical data we believe will support the therapeutic effects of PLX-I in the treatment of hematological malignancies. In addition, we will explore the use of PLX-I in new clinical applications."

The investors will receive Pluristem restricted common stock at a price of $0.0125 per share and a warrant to purchase additional shares at an exercise price of $0.025 per share. The final agreement is expected to be completed by March 15, 2007.

About Pluristem
Pluristem Life Systems, Inc. is life sciences driven Company that is developing and commercializing non personalized stem cell expansion technology products for the potential treatment of a variety of disorders. The Company is developing cell-based therapeutics that utilizes adult stem cells expanded in a three-dimensional proprietary bioreactor (PluriX(TM)) mimicking different naturally occurring physiological environments. Pluristem expects its first products to be cell grafts that will provide an efficient and superior alternative to the currently accepted standard procedure of bone marrow transplantation. PLX-I, Pluristem' first adult stem cell product, is intended to target a critical global shortfall of matched tissue for bone marrow transplantation since bone marrow transplantation is often the only cure for patients suffering from leukemia, lymphoma, myeloma and many other hematological diseases. The Company has made a strategic decision to work only with adult stem cells since the practical use of embryonic stem cells is severely restricted by various religious, ethical and legal considerations.

For more information, please visit our website: 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 there is a $30 billion market potential for our products; that we expect to sign the final agreement for a $8,000,000 private placement by April 10, 2007; that we will be able to develop our "supply-on-demand" cells business model for a variety of clinical indications; and that this investment in the Company will enable us finance our activities for the next 2 years generating clinical data to support the therapeutic effects of PLX-I. Factors which may significantly change or prevent our forward looking statements from fruition include that the investors may not close the private placement or finance the remainder of the $8,000,000; we currently do not have sufficient authorized capital to complete the private placement in full and may be unable to increase our authorized capital; 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 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.

Media Contact:
Emerson Gerard Associates
Jerry Jennings, 561-881-7318
mediareply (at) emersongerard.com

Onlypunjab.com

Net Gain’s Wake for Regional Malls Publish Date : 7/24/2007 8:19:00 AM
Net Gain Real Estate, the leading Internet provider of independent, value-added income property analysis, has completed an analysis....

Silanis and IBM Join Forces to Deliver Complete Online Banking Solution Publish Date : 7/24/2007 8:17:00 AM
Silanis is pleased to now offer its enterprise electronic signing and transferable records management capability as part of IBM ....

Stealth Forex Systems Announces the Release of its Early Warning Trade Alert System Publish Date : 7/24/2007 8:17:00 AM
Currency trading system developers http:// www.stealthforex.com [Stealth Forex Systems __title__ Stealth Forex Systems....

First Woman Donald Trump Apprentice Winner, Kendra Todd, Advises Baby Boomers on How to 'Risk and Grow Rich' in Real Estate as Part of Retirement Portfolio Publish Date : 7/24/2007 8:16:00 AM
Kendra Todd, the first woman hired by Donald Trump as the winner of the NBC television show, The Apprentice, and....

New York Habitat Launches Furnished Apartment Market Report Publish Date : 7/24/2007 8:16:00 AM
New York Habitat proudly announces the launch of its Furnished Apartment Rental Market Report. The report evaluates....

SeniorCareMarketer.com to Benefit Companies That Market to Older Americans Publish Date : 7/24/2007 8:15:00 AM
Fisher Vista, LLC, the marketing and information services firm that owns the successful HRmarketer.com, has announced....

Risk Management's Role in Improving Portfolio Performance -- Live Webinar Discusses Optimizing Portfolios for Insurable and Uninsurable Risk Publish Date : 7/24/2007 8:15:00 AM
Because valuation arbitrage has become less certain, improving EBITDA by mitigating insurable and uninsurable risk is....

Globalization Expert to Lead First of XMei International’s U.S.-China Business Workshops Publish Date : 7/24/2007 8:14:00 AM
Building on the success of their recent U.S.–China Human Resources Conference, XMei International announces the first in a series....

Alpha's Asia Hedge Fund 25: China's Hedge Fund Empire Publish Date : 7/24/2007 8:14:00 AM
Investors are rushing into China to capitalize on the country's soaring equity market, and Asia's native hedge funds are....

Citrus Iberia Expand into the Property Market in Turkey with the Launch of Two New Offices in Antalya and Belek Publish Date : 7/24/2007 8:12:00 AM
Following the success during the past 6 years of their Spanish offices, Citrus Iberia kicked off 2007 by opening in the new property...

Total Results : 7807
More News (Opens in New Window) : [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 Next Page

The Content on the Pages of Money Section at Onlypunjab.com is of PRWEB.com - Free Press Release Service, Also Marketed by Website E Media Wire : In Case you need to make any kind of modifications on these press releases, Please Contact Us, Or contact PRWEB

Canada News

Gadget News

Infotech News

Europe News

Health News

Middle East

Sports News

Advertising News

America News

Application News

Asia Pacific