Friday, March 7, 2014

Pluristem Therapeutics, Inc. (PSTI) Receives FDA Approval for Commercial-Scale Cell Manufacturing Process

Leading placenta-based cell therapy developer Pluristem Therapeutics announced the U.S. FDA has reviewed the company’s comparability studies of PLacental eXpanded (PLX) cell products and has granted approval for Pluristem to manufacture these products in its new, commercial-scale cell manufacturing facility.

Pluristem has established its industry leadership position by focusing on its 3-D commercial-scale cell manufacturing process, and the company believes it has the largest, most efficient, most consistent and most controlled process for manufacturing cell therapies.

“To be a successful company in the industry, we believe it is imperative to possess and control the manufacturing processes we have developed at Pluristem,” said Pluristem Chairman and CEO Zami Aberman. “We believe this FDA approval, combined with the approval given by the Paul-Ehrlich-Institute (PEI) of Germany announced on Jan. 23, 2014, is an indication that these regulatory bodies see our proprietary 3-D manufacturing process as a valid and sustainable commercial-scale solution for potential cell therapies.”

At Pluristem’s new, state-of-the-art GMP manufacturing facility, located in MATAM industrial park in Haifa, Israel, the company has implemented its proprietary and fully automated 3-D cell expansion manufacturing platform, which uses patented high throughput culturing technologies, 3-D bioreactors, and downstream equipment. This facility is capable of efficiently producing around 150,000 doses of PLX cells each year with batch-to-batch consistency, which will potentially translate into great economic value.

For more information about Pluristem, visit the company’s website at visit www.pluristem.com

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