Pluristem has also applied for orphan drug status for treatment with the European Medicines Agency (EMEA).
Buerger’s Disease cause inflammation and clotting of the blood vessels resulting in reduced blood flow, severe pain and ulcers or necrosis can occur, which may lead to amputation. Buerger’s Disease affects 50,000 people in the US and Europe. There is no current treatment. The company says that various sources estimate the market for a cure at $2.5 billion.
Pluristem's share price rose 1.8% by mid-afternoon to NIS 9.34, and rose 5.6% to $2.61 in premarket trading on Nasdaq, giving a market cap of $104 million.
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