Pluristem wins $3.1m research grant from Israeli government
The Office of the Chief Scientist (OCS) within the Israeli Ministry of Industry, Trade and Labor has announced approximately $3.1m grant to Pluristem, a wholly owned subsidiary of Pluristem Therapeutics.
The grant will be used to cover R&D expenses for the period March to December 2012, the company said.
Pluristem chairman and CEO Zami Aberman said, "This grant will assist the company in enhancing its R&D plans and clinical trials, helping us bring the PLX product candidates to market for the treatment of millions of patients around the world."
Under the OCS grant terms, Pluristem should pay royalties in the rate of 3% - 5% on sales of products and services derived from technology developed using this and other OCS grants until 100% of the dollar-linked grants amount plus interest are repaid.
Latest News
Related News
Contract Research & Services> Contract Research
Related Dates
2012> May
Related Industries
Pharmaceuticals and Healthcare> Services> Outsourced Services> Contract Research Organization> Contract research
Related Insight
Suppliers Directory
Drug Research Drug Delivery Drug Discovery & Development
Contract Research & Services Clinical Trials Contract Research Contract Services
Automation IT & Software Laboratory Instrumentation
Inward Investment Packaging Regulatory Affairs
Contract Research Intelligence
API research into pharmaceutical companies and corporations Buy online from $200

Comments may be moderated for spam, obscenities or defamation.