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Pluri Inc. (Nasdaq: PLUR, TASE: PLUR) is a leading biotechnology company that transforms cells into solutions to promote global wellbeing and sustainability. The company’s core business revolves around developing cell-based products for medical, agricultural, and industrial applications using its proprietary three-dimensional (3D) cell expansion technology. This innovative platform can grow cells in mass quantities with batch-to-batch consistency, making it suitable for applications ranging from regenerative medicine to food technology and beyond.
Pluri's flagship technology leverages placental expanded (PLX) cells that are derived from placental tissue. These cells release biomolecules such as cytokines, chemokines, and growth factors which aid in the healing of damaged tissues by stimulating the body’s natural regenerative mechanisms. The company operates a state-of-the-art manufacturing facility approved by the FDA, EMA, and PMDA, ensuring high standards and regulatory compliance.
In recent developments, Pluri has made significant strides in the agtech industry with the launch of its PluriAgtech business vertical and cell-based coffee product. The company secured a patent from the Israel Patent Office, further establishing its leadership in 3D cell expansion technology. Pluri’s cell-based coffee production method can significantly reduce water usage and farmland requirements, addressing the environmental challenges faced by traditional coffee farming.
Pluri is also advancing in the field of immune cell therapies. The company unveiled a novel method for expanding immune cells and obtained a U.S. patent for this technology, which mimics the natural environment of lymph nodes. This method ensures the integrity and functionality of immune cells, opening new possibilities for treatments of immune disorders and neurodegenerative diseases.
The company actively collaborates with various strategic partners to enhance its technological capabilities and explore new market opportunities. For instance, Pluri partnered with Wilk Technologies to develop cultured human and animal milk products for the elderly, aiming to address the growing demand for medical foods tailored to the nutritional needs of older adults.
Financially, Pluri is well-positioned with robust intellectual property, boasting over 140 active and granted patents. The company continues to expand its market presence, driven by a strong commitment to innovation and sustainability.
To stay updated on Pluri Inc.'s latest news and developments, visit the company’s official website at www.pluri-biotech.com or follow them on LinkedIn and X.
Pluri Inc. (Nasdaq: PLUR) has unveiled a revolutionary cell manufacturing system called PluriMatrix, which significantly boosts cell production efficiency and scalability, addressing a major challenge in cell-based industries such as pharma, biologics, foodtech, and agri-tech. This patented 3D cell expansion technology is designed to enhance productivity, with Ever After Foods, a subsidiary, anticipating a remarkable 700% increase in productivity for cultivated meat production. The modular system not only reduces the ecological footprint but also lowers infrastructure costs. CEO Yaky Yanay emphasized the system's potential to bring substantial benefits to health and food safety while expanding Pluri’s market reach. This breakthrough positions Pluri to capitalize on its technological advances through industry collaborations.
Pluri Inc. (Nasdaq: PLUR) successfully achieved proof of concept in its joint venture with Tnuva Group for cultivated meat products, utilizing its proprietary 3D cell-based technology. The company launched a new strategy focusing on sustainability and innovative cell-based solutions across various sectors. Pluri is strengthening its financial position through cost-cutting measures and collaboration efforts, including a new partnership in biologics with a leading European manufacturer. The cultivated meat market is projected to reach $140 billion by 2030, positioning Pluri as a potential leader in this expanding industry.
Pluri Inc. (Nasdaq: PLUR) announced the execution of securities purchase agreements for the sale of 7,885,900 common shares and warrants. Shares were sold at prices ranging from $1.03 to $1.06, with a total expected closing date by January 31, 2023. CEO Yaky Yanay will forgo $375,000 of his annual salary for equity grants. The offerings were made under SEC exemptions and are not registered under the Securities Act. Pluri is focused on developing cellular solutions for various industries, including regenerative medicine and food-tech.
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