A close examination ofemerging biotech Pluristem Therapeutics (PSTI), whose unique cell therapy is being applied to a number of clinical disorders, shows promise. Peripheral arterial disease (PAD), under-diagnosed and, in some cases, over-treated, is one of the fastest-growing conditions to affect an aging population. 10 million Americans have PAD today and the number is expected to rise to 23 million by 2014. Its presence signals circulatory problems that play into medicine`s largest industries - heart disease and stroke. We believe the market is ready for a new treatment, cell therapy, with lower overall cost, quicker healing time, no toxicity, and ease of administration - a simple intramuscular injection - to help improve the PAD sufferers` way of life. Several big pharmas sell drugs for PAD including Bristol-Myers Sqibb Co. (BMY) and Sanofi (SNY) which sell Plavix; Teva Pharmaceuticals (TEVA) sells Pletal; AstraZeneca (AZN) sells Atacand; Bristol-Myers also sells Avapro; and Merck & Co. (MRK) sell Cozaar/Hyzaar. Combined sales for these drugs are well over $12 billion. Each of the drugs has side effects and they do not cure PAD. As an alternative, or in addition to drugs, cevices such as stents are surgeries are costly, risky, and not consistently effective. … Continue reading
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