Sunday, August 4, 2013

SEC,Agora Inc.,James Dale Davidson Technion Israel Fraud:Girl Dies as Pluristem Sells on Gains With Miracle Cells

SEC,Agora Inc.,James Dale Davidson, Technion Israel Fraud:Girl Dies as Pluristem Sells on Gains With 'Miracle Stem  Cells'

Pluristem Therapeutics Inc.’s (PSTI) stock doubled in Nasdaq trading from May through September, helped by three news releases announcing that patients’ lives had been saved by injections of the company’s experimental stem cells.
After the stock soared on the positive news, two top executives profited by selling shares at the highest price in more than four years as part of a pre-determined program. When the first of those patients, a 7-year-old girl with a bone- marrow disease, died four months after the company said her life had been saved, Pluristem was silent. The company raised $34 million selling shares a week later.-

Compassionate Use of Pluristem's PLX Cells Saves the Life of a ... › ... › Pluristem Therapeutics Inc.
May 9, 2012 - 6 posts - ‎3 authors
Compassionate Use of Pluristem's PLX Cells Saves the Life of a Child ... Join Date: Apr 2011; Posts: 240; Location: London, Dubai, Pakistan ...

HAIFA, Israel, May 9, 2012 (GlobeNewswire via COMTEX) -- Pluristem Therapeutics, Inc. PSTI +21.79% (tase:PLTR) today announced that a seven year-old girl suffering from an aplastic bone marrow whose condition was rapidly deteriorating is now experiencing a reversal of her condition with a significant increase in her red cells, white cells and platelets following the intramuscular injection of the company's PLacental eXpanded (PLX) cells. Aplastic bone marrow is a disease where the patient has no blood-forming hematopoietic stem cells in the bone marrow.

"With her body rejecting all possible treatment -- and with no other options -- we finally turned to Pluristem's PLX cells, which literally saved her life," said Professor Reuven Or, Director of Bone Marrow Transplantation, Cell Therapy and Transplantation Research Center at Hadassah Medical Center and the child's physician. "The results of this unique case indicate that PLX cells may be effective in treating other diseases that affect the bone marrow."

The patient has been hospitalized at the Hadassah Hebrew University Medical Center, Jerusalem since August 2011. Her aplastic bone marrow had been refractory to treatment and, therefore, she underwent allogeneic stem cell transplantation from a matched unrelated donor. The first transplant was unsuccessful and the patient remained with bone marrow failure. Therefore, the patient underwent a second allogeneic stem cell transplantation from a second donor. Unfortunately, the bone marrow function was very poor and the patient suffered from recurrent infections. Approximately two months after the patient's second bone marrow transplant, the child received PLX cells intramuscularly in two doses approximately one week apart. Approximately 10 days after the last administration of PLX cells, the patient's hematological parameters began to significantly increase, an effect that has persisted to date. Additionally, the patient's general clinical status has improved. Subsequent analysis has indicated that the PLX cells worked by stimulating the recovery of the hematopoietic stem cells contained in the second bone marrow transplant that she had received over two months earlier. Finally, after nine months of hospitalization, the child will be discharged from the hospital.

"Pluristem is extremely happy that our PLX cells have helped this little girl," said Zami Aberman, Chairman and CEO of Pluristem. "Remarkably, these beneficial effects were seen in the patient after our PLX cells were administered intramuscularly and correlates with the positive effects on the bone marrow when we administered our PLX cells intramuscularly (IM) in animals exposed to toxic levels of radiation. Pluristem now has several data points to indicate that our PLX cells may work for systemic diseases when given locally, away from the target organ, and without a need to give cells intravenously."....................


Pluristem (Pluristem) on Twitter
The latest from Pluristem (@Pluristem). A bio-therapeutics company developing a pipeline of products derived from human placenta - a non-controversial adult ...

  1. Comments of T. Ryals on S7-19-07

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    29/10/2007 - James Dale Davidson and the Israelis with their Technion Universty compare ... enrich himself and his Israeli mafia or Mossad connected partners in Israel..... is Pluristem,a shell of a company boasting of Technion University ...

  1. Pluristem to Deliver Two Presentations During Israel's Largest ...

    10/06/2013 - Zami Aberman, Pluristem's Chairman and CEO, has been invited to speak at a. ... Directorate (Aman), which works with the Mossad and Shabak. .... theTechnion, the Weizmann Institute of Science, Tel Aviv University (TAU), ...

  1. St. Louis Independent Media Center ARCHIVE - ...
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    24/02/2008 - ... Israeli -Technion University pump and dump fraud(incorporated in the U.S. of ... and the Israeli criminals' or Mossad scum running Pluristem !

Before reading the Bloomberg investigation and report of death of  girlfraudulently repoprted by the Israeli and Technion University connected goons who run this fraud NOT to scvam Israelis but Americans and the fact that the U.S.SEC or Securities Exchange Commission has allowed it and so many other U.S.penny stoxck frauds tto continue post 9/11 even knowing that those frauds fund Idraeli terrorism even EVEN AGAINST AMERICANS THE FRAUDS TARGET !Where's Gernal Pervert Keith Alexander when you need him to track these Israeli terrorists ! He's probably underneath their desks giving them a blow job because they control the U.S.NSA and the perv Generl Keith ALEXANDER AS WELL AMONG OTHER THINGS.They also control the U.S.SEC as you can dee by my many years ago complaints about them and even ex Bush connected Carlyle military industrial complex CEO Frank Carlucci who is on the U.S. war welfare role is part of the U.S. incorporated Israeli  'biotech' penny stock fraud that taskes our former NASDAQ through 25+% pownerdhip in Shrikh Mohsamed Al Rashid bin Maktoum's corrupt Israeli Islamic Dubai terror and money launder8ing state to aid and abet thedse frauds ! And it was the Zionist criminals Mary Schapiro and Douglas Dhulman who sold the NASDAQ to Israel's Islamic terrorist Dubai
ally in a self dealing scam as FINRA execs before the illegal Kenya born 'U.S.President' Barack Obama akla Barry Soetoro appointed Schapiro as Shair of the SEC and left W Bush IRS Commissioner Doug Shulman in his position at the IRS as a Zionist Israeli agent !

Investor Sentenced In Manhattan Federal Court To Four Years In ... › HomeNews
May 2, 2013 - In so doing, BLECH was able to shed approximately 50 million shares of Pluristem through manipulative and fraudulent trading activity ...

 Links to articles warning about Israeli Mossad,Technoin University,James Dale Davidson and Carlyle ex CEO Frank Carlucci CONNECTED PLURISTEM AS EARLY AS 2007!:

Pluristem Placentas,James Dale Davidson,Leumi Bank Israel ...
Jul 29, 2007 - Pluristem Placentas,James D. Davidson,Leumi Bank Israel Holocaust Victims,U.S.Stock Fraud Below is a link to and quote from James Dale ...

Frank Carlucci,Patrice Lumumba, Pluristem and Stock Fraudster Bill ...
Nov 8, 2008 - founder,James Dale Davidson,in the illegal Delaware incorporated Israeli pump and dump penny stock scam Pluristem that claims to use ...

James Dale Davidson,Israeli Pluristem Fraud and Reverse Split ... › ForumOld Message Board
Nov 8, 2007 - James Dale Davidson,Israeli Pluristem Fraud and Reverse Split ... Steve Forbes' fraudulent National Taxpayers Union pal James Dale

Charles Schwab,Thomas Stern,Jonathan Feldman:SEC,Mary ...
May 29, 2012 - ...... the Israeli U.S.penny stock fraud against Americans called Pluristem that claims to .... Do google search ' john o'quinn ryals ' for my writing on O'Quinn's aiding and .

Comments of T. Ryals on S7-19-07
Jan 6, 2008 - And even the biotech fraud Pluristem that had over 1 billion worthless shares floating around the world before their 'reverse split' was also on ...

Comments of Tony Ryals on S7-23-03
Dec 12, 2003 - From: Tony Ryals [] Sent: December 16, 2003. To: Subject: File No. S7-23-03. Dear SEC,.

 Even Chicago Mercantile Zionist con artist Jimbo Wales'  Wikipedia agrees about 'reverse split' stock share money laundering fraud !:

Microcap stock fraud - Wikipedia, the free encyclopedia
Microcap stock fraud is a form of securities fraud involving stocks of ... Companies using this kind of scheme tend to periodically reverse-split the stock.

Girl Dies as Pluristem Sells on Gains With Miracle Cells

Pluristem Therapeutics Inc.’s (PSTI) stock doubled in Nasdaq trading from May through September, helped by three news releases announcing that patients’ lives had been saved by injections of the company’s experimental stem cells.
After the stock soared on the positive news, two top executives profited by selling shares at the highest price in more than four years as part of a pre-determined program. When the first of those patients, a 7-year-old girl with a bone- marrow disease, died four months after the company said her life had been saved, Pluristem was silent. The company raised $34 million selling shares a week later.
Stem cell research. Photographer: Daniel Acker/Bloomberg
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Pluristem had fallen 22 percent as of yesterday’s close from its 2012 peak on Aug. 16. The shares decreased 21 percent, the biggest intraday decline since Jan. 27, to $2.90 at 9:59 a.m. in New York. The Tel Aviv shares dropped 8.9 percent to 13.33 shekels at the 4:30 p.m. close. The volume in Tel Aviv was more than quadruple the three-month average.
Pluristem still has made no announcement of the girl’s death, which was reported by the Israeli newspaper Globes on Oct. 9 in an interview with Zami Aberman, the company’s chief executive officer. The Haifa, Israel-based company doesn’t follow patients after they are released from the hospital and wasn’t obligated to report the girl’s death, he said.
“What counts legally is whether there is an improvement in the physical condition,” Aberman said in a telephone interview with Bloomberg News. “When we saw significant improvement in the blood count, we declared a successful treatment.”

Gray Area

The Securities and Exchange Commission may take a different view. U.S. securities law requires companies “to disclose information that a reasonable investor would consider important when deciding whether to buy, sell or hold a security,” said John Nester, a spokesman for the SEC. “Material statements by companies have to be accurate and not misleading by commission or omission,” he said.
Nester declined to comment on whether the agency was investigating the Pluristem matter. Nor would the SEC comment in general on the practice of press releases describing early results from experimental treatments.
Pluristem’s lack of disclosure is in a gray area of the law, said Jacob S. Frenkel, a former SEC enforcement lawyer who commented on the Pluristem press releases after Bloomberg News brought them to his attention.
Since Pluristem indicated “the treatment has saved the patient, that may make the subsequent death of the patient a material fact,” said Frenkel, who’s a partner at Shulman Rogers Gandal Pordy & Ecker PA in Potomac, Maryland. “To the extent that any of the purchasers in this transaction would have found this to be material, it would have been prudent for the company to have made this disclosure.”

‘Ethically Questionable’

Even if the law is less than crystal clear on the subject, the company should have disclosed the girl’s death, said Paul Root Wolpe, a bioethicist and director of the Center for Ethics at Emory University in Atlanta.
“Selective reporting is ethically questionable,” he said in a telephone interview. “If you’re going to promote treatment success you need to man up when you get failure.”
Pluristem’s products, known as placental expanded, or PLX, cells, aren’t approved for use anywhere in the world. They’ve been tested in humans in two clinical trials totaling 27 patients with critical limb ischemia. The illness is the end stage of peripheral artery disease, a narrowing of the arteries supplying blood to the extremities.

Compassionate Use

The three patients in Pluristem’s news releases received the cells under a program called compassionate use. Israel, like many countries, including the U.S., allows such use of experimental drugs in patients for whom no other treatment is available.
The flurry of press releases and lack of follow-up shows the pressure early-stage drug companies are under to generate investor excitement. As with most biotechnology companies that have no drugs on the market, raising money through stock sales is Pluristem’s main way of financing product development.
The timing of the press releases worked to the financial benefit of the company and its executives. Pluristem shares, which traded as low as $2.02 in March, soared as high as $5 on the announcements.
On May 9, Pluristem said the 7-year-old girl suffering from aplastic anemia -- a condition in which the bone marrow fails to make enough blood cells and platelets for the body -- had been treated with PLX after bone-marrow transplants failed to help her.

No Options

Her condition improved after the treatment, according to the statement headlined “Compassionate Use of Pluristem’s PLX Cells Saves the Life of a Child After Bone Marrow Transplantation Failure.”
The press release included a statement from the girl’s doctor. “With her body rejecting all possible treatment –- and with no other options –- we finally turned to Pluristem’s PLX cells, which literally saved her life,” said the doctor, Reuven Or, director of the Department of Bone Marrow Transplantation and Cancer Immunotherapy at Hadassah Medical Center in Jerusalem.
The stock surged 13 percent on the Nasdaq Stock Market on May 9 in trading of 2 million shares, almost 20 times the three- month average. She was later released from the hospital.
On Aug. 5, Channel 2, Israel’s most widely watched television network, broadcast a report in its prime-time newscast on a second compassionate-use case. The segment featured an interview with Aberman, and presenter Yonit Levi told viewers the treatment was a “world-class achievement.”

‘Medical Miracle’

The next day, Pluristem issued a news release on the second case, a 54-year-old woman with cancer suffering from bone-marrow failure.
The doctor was cited again. “The treatment with PLX has saved her life and can certainly be classified as a medical miracle,” Or, who treated the woman, was quoted as saying in the release. The stock rose 15 percent that day.
Eleven days later, on Aug. 17, Aberman sold 33,853 shares at $5 each, the stock’s highest intraday price since May 1, 2008, for proceeds of about $169,295, according to a filing with the SEC. Chief Financial Officer Yaky Yanay sold 16,927 shares the same day, for almost $85,000.
The men had put in place a trading plan in 2011 intended to allow the executives to buy or sell with less chance of running afoul of laws on insider trading. Under such plans, brokers execute transactions based on standing instructions to sell on a certain date or when shares reach a specified price.

Leukemia Patient

Pluristem announced a third compassionate-use treatment on Sept. 5. A 45-year-old man with acute myeloid leukemia, a blood cancer, needed a bone-marrow transplant after the chemotherapy he received for the leukemia damaged his blood cells, the company said. After complications developed from the transplant, he was treated with the PLX cells, his condition improved and he was released from the hospital, Pluristem said.
Pluristem isn’t tracking either of the two patients since their release from the hospital, the company said in an e-mailed statement yesterday.
One week later, on Sept. 12, the girl who was the subject of the first press release died.
On the same day, the company said it would sell additional shares to pay for research and development expenses. The sale closed Sept. 19. Buyers paid $4 for each unit, with a unit consisting of one share and a warrant to buy 0.35 of an additional share at $5 each.
The stock rose 0.5 percent to close at $3.69 yesterday, giving the company a market value of $211.8 million. Aberman still holds more than 865,000 shares, while Yanay owns 769,000, according to data compiled by Bloomberg.

Anecdotal Evidence

Most companies typically don’t announce successful compassionate-use treatments to avoid giving patients false hope, and because such outcomes aren’t generally considered by regulators in deciding whether to approve a product.
Such occurrences are “purely anecdotal” and bear little statistical significance, said Christopher Bravery, a U.K.-based independent regulatory consultant.
“We’re often terribly swayed by an individual case,” Bravery, a former official at the U.K.’s Medicines and Healthcare Products Regulatory Agency, said in a telephone interview. “But that could just be a 1-out-of-10 case.”
Pluristem felt obligated to announce the positive progress of the three patients at Hadassah Medical Center, the company said
“Pluristem is a publicly traded company and must maintain transparency, as they are obligated to share information with the public,” the company said in an e-mailed statement.

Shares Outstanding

Executives felt no similar duty to report the girl’s subsequent death, Aberman said, because she died after having been released from the hospital and lived for 180 days after receiving the treatment, which is considered a success, he said.
Pluristem has raised money repeatedly over the years, through private share sales and public offerings. The company’s shares outstanding have soared from 6.7 million at the end of 2007 to 57.4 million today, diluting the holdings of existing investors.
The company is unprofitable and its products “will likely not be ready for sale for at least three years, if at all,” according to the annual report filed with the SEC Sept. 10. “It is highly likely that we will need to raise significant additional financing in the future.”
The PLX cells are derived from human placentas that otherwise would be medical waste. Pluristem then expands them using proprietary technology.

Clinical Trial

Using placental material avoids the ethical controversy of human embryo stem-cell research, in which cells are extracted from an embryo that is destroyed in the process. Pluristem’s cells release growth factors that promote blood flow, wound healing and artery and vein development, and may treat a range of ailments.
Pluristem began a mid-stage clinical trial of the cells in the U.S. in September in a form of peripheral artery disease. The company has regulatory approval to begin studies in muscle injury after hip replacement and Buerger’s Disease, a form of artery disease that can lead to limb amputation.
Besides critical limb ischemia, the indication in which Pluristem has already completed clinical trials, Pluristem plans to study the cells in illnesses including bone-marrow disorders and lung disease. The market to treat critical limb ischemia alone is worth more than $10 billion, according to DS Securities & Investments.

United Therapeutics

The potential “is massive” and Pluristem has solid technology, said Andrew Bradbury, a professor of vascular surgery at the University of Birmingham in England, who said he has been approached by Pluristem for help with a large clinical trial.
The company last year agreed to license the cells to United Therapeutics Corp. (UTHR) in an agreement that may pay a total of $55 million for the development of a treatment for pulmonary hypertension.
While the initial PLX trials contained fewer than 30 participants, the cells will need to be tested in about 600 participants, according to DS Securities.
“There is a big graveyard of studies that don’t deliver what one would hope,” Bradbury said. “Until you do the big study you don’t really know if the science works.”
To contact the reporter on this story: David Wainer in Tel Aviv at
To contact the editor responsible for this story: Phil Serafino at


David Blech Gets Four Years for Manipulating Stock Prices

David Blech, the former biotechnology stock promoter who got probation for a 1998 fraud conviction, was sentenced to four years in prison for a similar crime by a judge who angrily rejected his plea for leniency.
“I’m afraid that you had all the mercy that you’re going to get,” U.S. District Judge Colleen McMahon in Manhattan told Blech today. “Now is the time for punishment, which you didn’t get last time.”
Blech, 57, pleaded guilty last year to separate schemes, in 2007 and 2008, in which he tried to pump up the price of shares in two biotechnology companies, Pluristem Therapeutics Inc. (PSTI) and Intellect Neurosciences Inc. (ILNS), by trading in his own account and those of friends and family, according to court papers. Prosecutors called the trades “a fraudulent scheme to manipulate the market” by enticing other investors to purchase the securities and raise their prices.
“I am ashamed to be again standing before a court and pleading for mercy,” Blech told McMahon today. “I am profoundly sorry.”
In addition to the prison sentence, McMahon ordered Blech to serve three years of supervised release and to forfeit $1.3 million. McMahon said she will recommend he serve the time in the federal medical prison in Massachusetts where convicted inside trader Raj Rajaratnam is jailed.

‘Fragile Family’

McMahon rejected pleas by Blech’s lawyer, Roland Riopelle, to sentence him to a non-jail sentence, based on Blech’s gambling addiction, bipolar disease and what Blech called his “fragile family,” which includes an autistic son.
“The only thing that interests me about Mr. Blech is what he did,” McMahon told Riopelle. “He manipulated the price of a stock and he did it for the third and fourth times -- that we know about.”
In 1999, U.S. District Judge Kevin Duffy sentenced Blech to five years’ probation, instead of a possible prison sentence of more than eight years, for defrauding nine broker-dealers and Bear Stearns & Co., his firm’s clearing broker, of $16 million.
At the time, Blech pleaded guilty to tricking Bear Stearns in 1994 into thinking he was selling securities to lower the credit margin of his firm, D. Blech & Co., by trading them to accounts under his control. He also admitted a separate scheme, committed while he was cooperating with the government, of using accounts in the names of family, friends and business associates to manipulate the price of stocks, according to prosecutors.

Given a Break

“I am going to give you the break,” Duffy told Blech at the time, citing his mental illness and the help he gave prosecutors in unraveling the fraud.
McMahon repeatedly remarked on Blech’s return to court today for sentencing on a similar crime. She told Blech she didn’t intend a sentence of probation.
“Judge Duffy got talked into that and you threw it in his face,” McMahon said before sentencing Blech. “You’re not going to throw it in mine.”
The case is U.S. v. Blech, 12-00372, U.S. District Court, Southern District of New York (Manhattan).
To contact the reporter on this story: Bob Van Voris in Manhattan federal court at
To contact the editor responsible for this story: Michael Hytha at

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