Monday, October 22, 2018
News
NEWS HOME
»
PRN INDIA
Frost & Sullivan Publishes Immediate Update Report on Kadimastem Ltd.: World's First successful transplant of embryonic stem cells in ALS patients
  SocialTwist Tell-a-Friend  
   

Due to a higher probability of success in current clinical trials (results due in mid-2019), target price increased to NIS 1.12

Equity Research is published in the framework of the Tel Aviv Stock Exchange (TASE) Analysis Program

TEL AVIV, Israel, Oct. 11, 2018 /PRNewswire/ --  The TASE analysis project was launched in 2016 in order to raise the investors' level of knowledge of TASE listed technology and life-science companies and the markets in which the companies operate, thus creating appropriate pricing and increasing the exposure of investors from Israel and abroad. Its goal is to encourage investments in these companies by removing the barrier of lacking understanding in the market.

In order to maintain professional, independent and unbiased analysis, the companies signed an agreement with the TASE to receive the analysis services for an obligatory period of two years. The companies cannot withdraw from the project during this period. The analysis is funded by the companies surveyed with funding from the Chief Scientist and the TASE.

Summary of Highlights

Kadimastem published an immediate report on October 9, 2018. The company reported on the world's first transplantation of embryonic stem cells and the  completion of 5 patients' enrollment for Cohort A. The very success of the implantation is an initial confirmation of the safety of cellular therapy:

  • The company performed the world's first astrocytes cell transplantation in the first ALS patient. Final results will be published in mid-2019 for the first group
  • Cell transplantation is a scientific breakthrough in that it is first performed in humans as part of a clinical trial. The innovative technology developed in KadimaStam by Prof. Michel Revel, Chief Scientist of the company, and Dr. Michal Yizrael, Deputy Director General of R & D of Neurodegenerative Diseases, is a unique approach to cell transplantation that produces healthy cells that function instead of cells that have been infected with the disease, ALS, thus forming a kind of spare part in the nervous system.
  • The clinical trial examines the safety and efficacy of cellular therapy after cell transplantation. The company has invested more than $ 40 million to develop the company's technology.
  • In the first analysis report we published on June 12, 2018, we reviewed all activities of Kadimastem with details regarding the trial and its significance.

In our view, this means confirming our assessment of the progress of the clinical trial. The expected results of the experiment in mid-2019 are known and included in our economic model. However, the recruitment of 5 patients and successful transplantation increases the probability of success of the entire clinical trial. We will examine the continued recruitment of patients and analyze it in our upcoming quarterly report.

Thus, we raise our valuation for the company to NIS 69 million (our previous estimate was NIS 52 million), at a target price of NIS 1.03 to NIS 1.21; Average of NIS 1.12.

About the company - Kadimastem Ltd. (hereinafter "Kadimastem" or "the company") is a clinical stage biopharmaceutical company that specializes in developing different types of human body cells (known as differentiated cells) – such as neural cells (e.g. oligodendrocytes and astrocytes) and insulin secreting beta cells, derived from human embryonic stem cells. The company has its technological platform   and two current stem cell based therapies in research phase – AstroRx (consists of astrocytes, a type of brain cell) and Encapsulin (insulin secreting beta cells) for treating amyotrophic lateral sclerosis (ALS) and diabetes respectively.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us:  Start the discussion

Contact:
Kristi Cekani  
Corporate Communications - Frost & Sullivan, Europe
P: +39.02.4851.6133
E: kristi.cekani@frost.com
http://www.frost.com  



 


More News by PR Newswire India

Tejas Networks Wins Rs. 111 Crore Order for Indian Navy's Communication Network From Sterlite Technologies Limited

DLT Labs™ Launches Universal Access to Blockchain Functionality with New Product: DL Gateway™

$2 Billion in Sight: US Lottery Breaks Record

China's Largest Gifts & Home Fair Opens at Shenzhen Convention & Exhibition Center with 2,500 Exhibitors

Gen Z As Customers: The Unique Needs Of This Generation

Frost & Sullivan Briefing Explores the Impact of Brexit on the UK Economy and Industry

Upgraded Smart Home Appliances and New Energy Products Take Centre Stage at Phase 1 of the Canton Fair

Data is at the Helm of Every Business - WPP India's 'Date with Data' Summit Highlights the Impact and Influence of Data

Tez Financial Services Becomes the First Pakistani Startup to Raise $1.1 Million in Seed Round Led by Omidyar Network

Shaanxi's Xixian New Area Project Explores Innovative Model of Urban Development

Ministry of Tourism of Republic of Indonesia Enters into Two Tourism Cooperation Agreements with Brand Expedia to Promote 15 Key Travel Destinations in Indonesia

Transport and Logistics Sector Emerges as Leader in APAC IoT Technologies Adoption and Spend, says Frost & Sullivan

Don't Miss the Signs of a Breaking Spine, Warns IOF

Menarini Progresses Into the Clinic With MEN1611, a PI3K Inhibitor for the Treatment of HER2 Positive Metastatic Breast Cancer

Siemon at the Forefront of Emerging Single-Pair Ethernet

UnionPay cards issued outside mainland China exceeds 100 million

Discover Why Medical Marijuana Has Healthcare Companies Scrambling to Invest in the $10 Billion-dollar Opportunity

Cruzio and One Wheel/Future Motion - High Tech in Surf City

Dubai Offers Highest Potential Price Growth on Residential Property for Investors Worldwide, According to Emaar

Millionaires Made Online: Uplive India Revolutionizing Real-time Entertainment Economy - Launches in Seven Local Languages

GuardKnox Earns Accolade for its Vehicle Cybersecurity Framework at Frost & Sullivan's 2018 Excellence in Best Practices Award Banquet

Elior India wins the 'Most Innovative Product/Service' Award at the Indo-French Business Awards 2018

Merck Announces Agreement to Sell Amnis® Flow Cytometry and Guava® Technologies Businesses to Luminex Corporation

Sims Recycling Solutions Listed Again as a Representative Vendor in Gartner's "Market Guide for IT Asset Disposition (ITAD)"

Committed to Support China's Belt and Road Initiative, XCMG Wins Big in International Market

Zoya Celebrates Iconic Hollywood Glamour With its New Collection '6299 HOLLYWOOD BLVD'

FISCO BCOS: Challenging Hyperledger Fabric with a Consortium Chain from China

Family Of Missing British Journalist Appeal For Help 9 Years On

Huajuchen Industry Group hosts the 6th Global Tea Fair Xi'an, the best tea fair in western China

Global Tech Firm Abakus Acquires IDX-Listed DEFI

Research into the scaly anteater genome could provide clues to human immunity

Standard Chartered and Huawei Partner to Develop Internet of Things Solution to Expand Ecosystem Lending

Final Two Weeks To Apply For New Awards Totaling $600,000 To Recognize & Support Sustainable Livelihood Programs In Asia, Africa and Latin America

Aerospace Component Manufacturer Arrowhead Products and STS Component Solutions Announce New Distribution Partnership

Stars of Science Presents Its Top Nine Innovators

Cyient reports a strong quarter with Well-rounded growth in Revenue, profit and cash

Vectra Earns Accolade from Frost & Sullivan for its AI-powered Cognito Cybersecurity Platform

PGNiG and Venture Global LNG Announce LNG Sales and Purchase Agreements for 2 Million Tonnes Per Year

Eigen Innovations Commended by Frost & Sullivan for its Unique AI-enabled IoT Solution for Manufacturing

Bitcoin SV version 0.1 goes live

Merck Inaugurates State-of-the-art Pharma Packaging Center in Darmstadt

The 124th Canton Fair to Further Open Chinese Market to Global Buyers

A Higher Intelligence: Huawei Unveils HUAWEI Mate 20 Series

Huawei Releases High-Accuracy Wireless Location Solutions to Simplify Business Digitalization

Top National and International Players Gear-up to Compete at The HCL Asian Junior Tennis Championship 2018

NIIT Technologies Q2 FY2019 PAT up 66.3% YoY

The John Walker Masters' Edition: The First 50 Year Old Scotch Whisky in the History of Johnnie Walker

Codewise Names Dr. John Malatesta Chief Executive Officer

Aeronutrix Sports Products Pvt Ltd Announces Soorma Sandeep Singh as Their Brand Ambassador for Fast&Up

The International E-Business Expo 2018, a nationally celebrated e-commerce expo, will be held in Hangzhou, China in October

Next Story Group Plans 50 Kafnu Properties in Asia Pacific

Pine Labs Enables Debit Card EMIs From HDFC Bank and Axis Bank in Retail Stores

Aspect Software Announces Cloud Offering Aspect Via 18.1 With Smarter Omni-channel Automation, Streamlined Performance Insights, Improved Employee Engagement, GDPR Compliance Capabilities

Treebo Hotels Partners With PhonePe for In-app Hotel Bookings

Deputy CM Sushil Kumar Modi Inaugurated Dandiya Night Organized by Advantage Media

Aidemy is offering an Online Learning Platform Specialising in Blockchain Programming

Oracle's AI Powered Cloud Services Help accelerate digital transformation for Great Human Software

UPDATED -- JHL Biotech Announces China Approves Phase I and Phase III Clinical Trial Application for Bevacizumab Biosimilar to Treat Cancer

D-Link Ethernet Surge Protectors Beat Competitors in Surge Test

High GDP Per Capita and World-class Infrastructure Drive Added Value for Property Investment in Dubai’s Premier Destinations According to Emaar

Fortinet Commended by Frost & Sullivan for Protecting the Entire Attack Surface with its FortiSandbox Line of Cybersecurity Solutions

'The Chronicles of Wizardry' a Book by Four 12 years Olds - Four Students of EuroSchool Whitefield Publish a Book on Amazon

CyberScout To Provide Identity Theft Resolution To Länsförsäkringar; Partnership Will Help SMEs Manage Global Cyber Risks Post GDPR

Apergy Earns Acclaim from Frost & Sullivan for Offering a Full Range of Wellsite Lifecycle Solutions for the Oil and Gas Industry

Mandarin Orchard Singapore bags second win as Best Upscale Hotel-Asia Pacific at the Travel Weekly Asia 2018 Readers' Choice Awards

Largest Skatepark In The Midwest Breaks Ground In Greater Des Moines

AutomationEdge Wins NASSCOM Customer Excellence Award for Delivering Innovation at ICICI Lombard

Jet Midwest Corporate Aviation Launches at NBAA 2018

Ste Industries Commended by Frost & Sullivan for its Micro.sp®, a Cloud-enabled Tire Pressure Monitoring System

Ezetap's Sanjeeb Kalita Joins Innoviti as Chief Revenue Officer

TiE Delhi - NCR and QGLUE Announce the 2nd Edition of India's First Design-led Entrepreneurship Awards

Chitkara University in Collaboration With Association for Computing Machinery (ACM), India Organized COMPUTE 2018

Pason Power Enables Solar and Energy Storage Project Developers to Deploy with Confidence

China's 100 most innovative companies in 2018 named in third annual report by Clarivate Analytics

Honor Launches Honor 8X - The Most Remarkable High Performance Smartphone in India

Acoosta Innovations Launches Acoosta Uno, the World's First Music System With the Largest Variety of Built-in Music in Association With Sony DADC

Aeroflot Flies Off With First-ever Business Traveller Award

Trina Solar Supplies Modules to Ukraine's Largest Solar Power Plant

CLAT Possible Launches its New Centre in Chandigarh

International Athlete in City to Raise Awareness at Key Paediatric Diabetes Forum

Kinshuk Apoorv Agrawal of GIIS Chinchwad Awarded as the 'Women of the Future'

Geopolitical Instability and the Need to Refresh Obsolete Fleets will Drive Recovery of Military and Public Services Helicopters Market

TECNO Launches 'HarSuratKhoobsurat' Brand Campaign for the New CAMON AI Series

TUV India Growth Journey Continues With New Office at Bangalore

UniStrong is now a 42Gears OEM Partner

Hertz Asia Wins Travel Weekly Asia Readers' Choice Awards for the Fourth Consecutive Year

Tapps Enters Indian Footwear Industry to Redefine the Affordable Loafers Segment

TUV Rheinland's Gurgaon, India, product testing lab is now recognised by Telecommunication Engineering Center (TEC), Government of India

Water Scarcity: A Major Threat to Data Centre Reliability and Growth

Ultiloc Copolymers Expand Selvol Functionality

IBM Introduces AI OpenScale to Spur Artificial Intelligence Adoption and Transparency

IBM Unveils World's First Multicloud Management Technology

IBM Announces Cloud-Based Community Platform for Cyber Security Applications

First-ever QS Ranking of India's Higher Education Institutions

CIVCO Radiotherapy Announces FDA 510k Clearance and CE Mark of their Solstice SRS Immobilization System

ORGANO Expands Africa Footprint into South Africa

Updated Breast Cancer Resources and Events from NCCN Keep Patients and Doctors Worldwide Informed during Breast Cancer Awareness Month

Global Artists Gather for Fifth Silk Road International Film Festival Which Marks 60 Years of Film Making at the Iconic Xi'an Film Studio

JHL Biotech Announces China Approves Phase I and Phase III Clinical Trial Application for Bevacizumab Biosimilar to Treat Cancer

SodaStream Builds Massive Marine Device to Collect Plastic Waste from the Ocean off the Coast of Honduras

Io-Tahoe campaigns for the Chief Data Officer (CDO) role to lead the data-driven business agenda

Central Park Tower, Tallest Residential Building In The World, Launches Sales

Huawei Launches Next-Generation SD-WAN Routers, Simplifying Cloud and Network Interconnection for Enterprises

Ewire Softtech Acquires Cashier Prepaid Cards

COA-TRC Selects AnantU to Host Heritage Documentation Training Programme

Avon Products Appoints New Vice President for IT Transformation

Neron Informatics Showcased its 3rd Telecom Innovation [N-50 UCS] in the 9th Edition of Aegis Graham Bell Awards 2018

Chitkara University Hosted India's Largest National Theatre Festival 'Rangrezz' 2018 on October 5-6, 2018

Adda52 Rummy Launches Vijaya Kaandam Rummy Tournament for Dusshera

Arla Foods Ingredients Acclaimed by Frost & Sullivan for its Osteopontin-enriched ingredient, Lacprodan® OPN-10

RailRestro Launches its Very own Food Delivery Fleet Brand - Railivery

e-Zest Mentioned in Gartner Digital Commerce Vendor Guide 2018

Sony Entertainment Television India (Sony TV) Launches Their First Official Movie Game With Aaryavarta Technologies for the Movie 'Namaste England'

Watch the Live Stream of Honor 8X India Launch on 16th October 2018 at 11:30 am IST

Huawei AI Fabric Raises Ethernet to a New Level of Ultra-High-Speed and Lossless Performance

Carsharing Operators Shorten their Go-to-Market Times Using Customisable Service-based Models

Verisign Presents DDoS Trends Report of Q2 2018

UBM India to Bring in the Maiden Edition of the Chennai Jewellery and Gem Fair

TalentSprint Hosts Confluence 2018, a Platform for Industry Academia Collaboration

Suning will actively participate in China International Import Expo

Clarivate Analytics Launches Cortellis CMC Intelligence to Expand Drug Availability in Low and Middle Income Countries

Indo-Australian Collaboration for Enhancing Community Media

Ex-Intel India CFO Joins INCX

StoutWeb Launches TraviYo to Help Travel Companies Manage Their Business Operations

Casio Launches Aviation Concept G-SHOCK Watch

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
UP Legislative council chairman's wife a...
Petrol pumps in Delhi to remain shut on ...
'India is an obvious partner for UNSW'...
Odisha Congress leader Padmalochan Panda...
Separatist shutdown, restrictions affect...
Petrol pumps in Delhi shut over demand f...
More...    
 
 Top Stories
Sanjay Dutt is one of the finest ac... 
Use of material resources to double... 
Usain Bolt gets offer from Australi... 
Man held on murder charges in Mahar... 
Historic Jamia masjid closed again... 
Exams postponed in Kashmir... 
Kulgam blast: Case registered, inve... 
Karvan-e-Aman bus leaves for PoK...