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Tuesday, March 17, 2020

Pluristem up 13% premarket on use of PLX cells to treat COVID-19

The Israeli Ministry of Health has approved a request from Pluristem Therapeutics (NASDAQ:PSTI) to seek a regulatory nod to use its PLX cell therapy to treat COVID-19 on a per-patient compassionate use basis in Israel.
The company is proposing to use PLX to treat severe pneumonia associated with COVID-19 and preventing the deterioration to acute respiratory distress syndrome and sepsis.
Results from animal studies showed a therapeutic benefit from PLX in pulmonary hypertension, lung fibrosis, acute kidney injury and gastrointestinal injury, all potential complications from SARS-CoV-2 infection.
It has not yet submitted a request for a specific patient.
https://seekingalpha.com/news/3552487-pluristem-up-13-premarket-on-use-of-plx-cells-to-treat-covidminus-19

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