Israel-based Pluri (Nasdaq/TASE: PLUR), a biotech using its platform for cell-based solutions to create a collaborative network of ventures, was trading 4% higher Wednesday lunchtime.
This followed the news that Pluri has signed an exclusive collaboration agreement with Hemafund, a Ukrainian umbilical cord blood bank with clinical and research laboratories and facilities specializing in cell preservation and cryostorage.
The collaboration aims to establish a strategic initiative for stockpiling, distribution and potential clinical advancement of Pluri’s innovative PLX-R18 cell therapy as a countermeasure against hematopoietic acute radiation syndrome (H-ARS) in war-stricken Ukraine.
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