The agreement between Pluristem Therapeutics Inc. (PSTI:NASDAQ) and Tnuva concerning the cell-based synthetic protein joint venture indicates the new company will get the licensing rights to Pluristem's proprietary cell technology and intellectual property, reported Dawson James analyst Jason Kolbert.
The new entity will use its own funding and resources, including a dedicated management team and staff, to pursue the goal. Pluristem will do the necessary research and development. As for Tnuva, it may invest up to another $7.5 million during the 12 months after the close of its deal with Pluristem.
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Disclosures for Dawson James Securities Inc., Pluristem Therapeutics Inc., Jan. 4, 2022
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