Here's Why Pluristem Therapeutics Jumped Over 28% Today [The Motley Fool]
Pluristem Therapeutics, Inc. (PSTI)
Last pluristem therapeutics, inc. earnings: 2/6 04:10 pm
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pluristem.com
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Source: The Motley Fool
Maxx Chatsko(TMFBlackn)Author BioMaxx has been a contributor to Fool.com since 203. He graduated from the State University of New York College of Environmental Science and Forestry (202) with a Bachelor of Science in Bioprocess Engineering and from Carnegie Mellon University (206) with a Master of Science in Materials Science & Engineering.What happenedShares ofPluristem TherapeuticsNASDAQ:PSTIPluristem Therapeutics can receive the second and third installments by achieving certain clinical, regulatory, and manufacturing milestones. It won't have to begin repaying the loan until April 2025.As of :08 a.m. EDT, thesmall-cap stockImage source: Getty Images.So whatToday's financing announcement means Pluristem Therapeutics can hit the ground running to develop stem-cell based treatments for COVID-9. Importantly, it also means the company can limit dilutive fundraising transactions to support research and development (R&D) efforts. But investors might still expect a public stock offering t
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