Pluristem jumps 55% premarket on positive effect of PLX cells in COVID-19 [Seeking Alpha]
Pluristem Therapeutics, Inc. (PSTI)
Last pluristem therapeutics, inc. earnings: 2/6 04:10 pm
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Source: Seeking Alpha
Healthcare|On the MovePluristem jumps 55% premarket on positive effect of PLX cells in COVID-19Apr. 7, 2020 8:14 AM ETPluristem Therapeutics... (PSTI)Douglas W. HouseThinly traded nano cap Pluristem Therapeutics (NASDAQ:preliminary dataSeven ICU-housed patients with acute respiratory distress syndrome were treated under a compassionate use program. Six completed the seven-day follow-up period (the seventh is still within the period).All survived. Three are in advanced stages of weaning from ventilators and four have experienced improvements in respiratory parameters. One remains on a ventilator but is stable and one deteriorated. Two patients (some are the same as above) with multi-organ failure prior to treatment showed clinical recovery in addition to respiratory improvement.The company plans to pursue a multinational clinical trial for these patients.PLX cell therapy utilizes placental cells to secrete therapeutic proteins that trigger the body's own repair mechanisms which allow
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