JTA NEWS
24 June 2017 - 1 Tammuz 5777 - א' תמוז ה' אלפים תשע"ז
JTA NEWS :
Business
Stem cell developer in Japan venture E-mail

In December, Israeli stem cell developer Pluristem Therapeutics Ltd and Japanese Sosei Group Corp unit Corporate Venture Capital Ltd announced the signing of a binding term sheet for the establishment of a new Japanese corporation (NewCo) for the clinical development and commercialisation of Pluristem’s PLX-PAD cell therapy product in Japan.

Following completion of fundraising, the parties plan to establish NewCo in Japan. Pluristem will own 35% of NewCo in return for its contribution of a perpetual licence to commercialise PLX-PAD for Critical Limb Ischemia (CLI) in Japan.

The first indication to be developed by NewCo will be CLI. The design of a 75-patient study of PLX-PAD in CLI was previously agreed upon with Japan’s Pharmaceuticals and Medical Devices Agency (PMDA).

Pluristem chairman and CEO Zami Aberman said, “We are pleased to partner with Sosei CVC to commercialise PLXPAD in Japan. The development of our CLI programme through the accelerated regulatory pathway could allow a more rapid entrance into the sizeable Japanese market, as has been our strategy. Our co-operation with Sosei CVC also creates the potential to develop additional indications in this market, by drawing on our robust portfolio of cell therapy product candidates in development.”

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India’s Edugild to partner with China and Israel platforms E-mail

Edugild, an edtech accelerator based at MIT Academy of Engineering in Pune, India, has joined hands with JMDedu of China and Edtech Israel to enhance the number of Indian startups that want to expand their horizons in China and Israel.

Edugild is focusing its enrollment efforts for the third batch of edtech startups while strategically designing a programme that’s global in nature and that collectively embeds edtech startups in the larger ecosystem. It is also committed to developing a comprehensive and long-term edtech development programme that will raise business opportunities and funding possibilities for edtech startups.

JMDedu currently serves as a major community platform in China for industry conversation and collaboration in education technology. Edtech Israel is a global edtech business hub that successfully connects the Israeli edtech community with international entrepreneurs, investors and business partners, and brings global partners such as Edugild to Israel.

“JMDedu is excited to partner with Edugild while continuing to provide innovative opportunities that equip startups with the cross-cultural skills and knowledge essential for success in today’s global landscape,” said Sophie Chen, Partner of JMDedu China.

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China and Israel eye cooperation on medical robots E-mail

Chinese and Israeli research institutes and companies that attended an exposition in Guangzhou in December are keen to co-operate on developing medical robots.

Nine Israeli companies at the event brought with them robotics currently used in spinal surgery, 3D imaging and medicinal dosage-handling devices.

Israeli Robotics Association Chairperson Zvi Shiller said Israel has developed robots to help the disabled to shower, go to the toilet and climb escalators. Israeli firms are actively looking for partners to produce and sell their robots in the Chinese market. More than 40 Chinese companies showed interest during the expo, while others pitched business ideas to their Israeli counterparts.

Chinese tech firm Gosuncn Technology Group is investing heavily in patrol robots. A senior company official said his team has had a hard time overcoming some technological issues two years into the project and is hoping to find Israeli partners. Du Lan, Senior Vice President of iFlytek, is working to combine speech recognition with health care. The company is working with its major shareholder China Mobile on a series of voice-to-text and textto-voice applications.

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Israeli dentists explore opportunities in the Philippines E-mail

A large group of senior dentists from Israel was in the Philippines in January to look at the prospects for establishing medical co-operation between Tel Aviv and Manila’s leading dental practitioners.

In direct co-ordination with Israel’s Ambassador to the Philippines Effie Ben Matityau, 120 Israeli dentists held their annual conference in the Philippines, and hosted a meeting with the Philippine Dental Association, led by its president, Dr Carlos C. Buendia.

Ofra Bar-Shalom, CEO of AB Dental, said Israel is considered a worldwide leader in the industry because of the number of its dental companies relative to the population, including a vast number of dentists who are involved in the practice of implantology.

“Our products are sold in more than 60 countries, from North and South America to Europe, Russia and Asia,” Shalom said, adding that the company’s vision is to change the standard practice in dental implants.

She said that any dentist can visit the company’s website and order a 3D computerised implant by sending them CT scans of the patient and his or her mouth. Upon confirmation, AB Dental sends a full package of everything the doctor needs for surgery, including a surgical guide and all the correct implants, prosthetic, tools and even teeth.“We believe we are bringing the future to the implant industry, which will change the implant process around the world, and soon the technology will arrive in the Philippines,” she said.

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Votiro teams up with Netpoleon for Singapore distribution E-mail

Israel-based Votiro, a global provider of solutions that protect organisations against ongoing cyber threats, announced recently that it had signed a distribution agreement with leading security solutions provider Netpoleon Solutions to provide its cybersecurity solutions to the Singaporean market.

Under the agreement, Netpoleon Solutions will distribute Votiro’s products in Singapore, provide customer installation and support, and represent the product in marketing activities and at relevant industry events.

“As Singapore pushes forward towards becoming a Smart Nation, cybersecurity has to become a top priority,” said Itay Glick, CEO of Votiro. “We see great potential in Singapore for Votiro’s solutions to help counter cyberattacks, specifically advanced persistent threats that use undisclosed and Zero-Day exploits.”

Over the next two to five years, the data security market in Singapore is expected to be worth billions of Singapore dollars, due to increasing adoption of mobile, cloud, social and information technology. As Singapore aspires to become a “Smart Nation”, the country has put forth a holistic national cybersecurity strategy, calling for advanced cybersecurity solutions.

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