Pluristem Therapeutics Will Present Its Unique Placenta Derived Stem Cell Therapy Approach at Charles River Biotech Symposium

• Press Release
• Source: Pluristem Therapeutics Inc.
• On 8:00 am EDT, Wednesday September 9, 2009

HAIFA, Israel--(BUSINESS WIRE)--Pluristem Therapeutics Inc. (NasdaqCM:PSTI) (DAX:PJT) today announced that it will present its unique placenta derived stem cell therapy approach and the company's strategy and vision for choosing the placenta as the source for cell therapy, at the Charles River Biotech Symposium on Biotechnology Derived Therapeutics in La Jolla, Calif.

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Frida Grynspan, PhD, Pluristem’s Vice President Research and Development, will present the rationale behind the selection of placenta as manufacturing raw material for the treatment of disorders with an unmet medical need in an oral presentation titled “Placenta-Derived Adult Stem Cells: from an Idea to Clinical Trials”, at 1:50 p.m. PDT, Tuesday, Sept. 15. The Charles River Biotech Symposium will be held on Sept. 14-16, 2009, at the Estancia Hotel in La Jolla, Calif.

“Our presentation is a further indication of the scientific community’s increasing recognition of our unique approach in using the placenta as a source of stem cell therapy products,” said Zami Aberman, chairman, president and CEO of Pluristem. “The placenta is a non-controversial, non-embryonic, adult stem cell source with potential use in various indications.”

About Pluristem

Pluristem Therapeutics Inc. is a clinical development 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. Pluristem's first product, PLX-PAD (for the treatment of Peripheral Artery Disease), a “First-In-Human” placental-derived mesenchymal-like stromal cell product, has received both the FDA and Paul Erlich Institute (PEI) clearance and is being investigated in Phase I clinical trials. The Company is developing a pipeline of products derived from human placenta, a non-controversial, non-embryonic, adult stem cell source. The (PLacental eXpanded) cell products are stored off-the-shelf, ready-to-use, and require no histocompatibility matching.

The company's additional product candidates include PLX-IBD, targeting Inflammatory Bowel Disease, which includes Crohn’s disease and Ulcerative Colitis; PLX-MS, targeting Multiple Sclerosis; PLX-BMT, targeting the global shortfall of matched tissue for bone marrow transplantation by improving the engraftment of hematopoietic stem cells (HSCs) contained in umbilical cord blood; and PLX-STROKE, targeting ischemic stroke.

Pluristem has offices in the USA with research and manufacturing facilities in Israel.

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Safe Harbor Statement

This press release may contain 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; we may encounter delays or obstacles in launching our clinical trials; 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; our products may wind up being more expensive than we anticipate; 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 risks 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.

Pluristem Therapeutics Inc.
William Prather RPh, MD, +1-303-883-4954
Sr. VP Corporate Development
William.PratherMD@pluristem.com
or
Russo Partners
Andreas Marathovouniotis, +1-212-845-4235
andreas.marathis@russopartnersllc.com