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Tuesday, 06/12/2018 6:09:48 AM

Tuesday, June 12, 2018 6:09:48 AM

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Pluristem Reports Positive Top-Line Results from Its
Multinational Phase II Intermittent Claudication Study




Pluristem Reports Positive Top-Line Results from Its
Multinational Phase II Intermittent Claudication Study
PLX-PAD treatment reduced risk of revascularization and improved patients’ mobility.
Study validates the design of Pluristem’s ongoing Pivotal Phase III study in Critical Limb Ischemia (CLI)

HAIFA, Israel, June 12, 2018 - Pluristem Therapeutics Inc. (Nasdaq:PSTI) (TASE:PSTI), a leading developer
of placenta-based cell therapy products, today announced positive top-line results from its multinational
Phase II clinical study of PLX-PAD cells in the treatment of Intermittent Claudication (IC). PLX-PAD
treatment reduced Incidence of revascularization and improved patients’ mobility. Study results also
validate the design of Pluristem’s ongoing Pivotal Phase III study in CLI, a more severe stage of peripheral
arterial disease (PAD) and confirm Pluristem’s proprietary Bio-Therapeutic approach.
Pluristem's Phase II IC study was designed to evaluate the safety, efficacy and optimal dosing regimen for
PLX-PAD cells in patients with IC, Rutherford categories 2-3. Enrollment took place at 28 clinical sites in
the U.S., Germany, South Korea and Israel. The 172 patients in the study were randomized into four
treatment groups: two administrations of 300 million PLX-PAD cells (“main efficacy group”); two
administrations of 150 million PLX-PAD cells; two administrations of placebo; or one administration of 300
million PLX-PAD cells followed by placebo. In each of these study arms, the two administrations were
given intramuscularly (IM), 3 months apart. The primary efficacy endpoint was the change from baseline
in maximal walking distance (MWD) at 52 weeks compared to placebo. The key secondary endpoint was
the change from baseline in MWD at 52 weeks compared to placebo, in patients treated with 2 doses of
PLX-PAD originating from different placentas (Pluristem’s proprietary Bio-Therapeutic approach). Other
endpoints included risk of revascularization and other hemodynamic and clinical outcome measures.
Top Line Results:
• Patients treated with 2 administrations of 300 million PLX-PAD cells showed statistically significant
improvement (p=0.0008) in MWD as compared to baseline at 52 weeks.
• Key primary efficacy endpoint, improvement in MWD as compared to placebo, in analysis by
country, showed best results with statistically significant improvement (effect size= 51.1%,
p=0.015) in U.S patients (n=73) treated with 2 administrations of 300 million PLX-PAD cells.
• Key secondary efficacy endpoint, improvement in MWD following administration of 2 doses of
300 million PLX-PAD cells originating from different placentas, showed statistically significant
improvement at 52 weeks (effect size= 42.0%, p=0.043) as compared to placebo. These patients
also demonstrated a statistically significant improvement (effect size= 83%, p=0.0007) in MWD at
52 weeks as compared to baseline.
• Revascularization risk was reduced by 49% (Hazard ratio = 0.51) in the main efficacy group at week
65. Patients receiving 2 administrations of PLX-PAD cells originating from different placentas were
“revasc-free” (no revascularization events) at week 65.
• IM administration of PLX-PAD cells was safe and well tolerated.
Validation of study design in ongoing Pivotal Phase III study in Critical Limb Ischemia (CLI):
• Dose confirmation- Study results demonstrated dose of 300 million PLX-PAD cells as the optimal
dose for treatment of PAD
• Two administrations of 300 million PLX-PAD cells demonstrated a statistically significant superior
effect (p=0.0331) compared to a single administration of 300 million PLX-PAD cells in MWD at
week 52, suggesting that in chronic indications such as PAD a second treatment may be required
to significantly improve the clinical outcome.
• Pluristem’s proprietary Bio-Therapeutic approach of using cells originating from different
placentas for each administration, as implemented in the CLI pivotal Phase III clinical study, was
shown to generate a superior therapeutic effect.
“We are highly encouraged by the results seen in the study. The option of treating peripheral artery
diseases like IC and CLI through IM injections of PLX-PAD cells is promising, and an important outcome,
demonstrating the potential ability to implement regenerative medicine advanced technologies in
cardiovascular diseases. We look forward to the CLI pivotal study results that may demonstrate the ability
of Pluristem’s cell therapy to improve patient outcomes and create economic benefits for the healthcare
systems,” stated Dr. Manesh Patel, Chief of the Division of Cardiology at Duke University Health System,
and the lead principle investigator (PI) for the U.S. Phase II IC study.
“These promising results demonstrate a clinically meaningful treatment effect. Finding a non-surgical
medical solution for PAD, especially in patients who are unsuitable for revascularization, has proven to be
one of the biggest medical challenges in recent years. These study results are highly encouraging and
suggest that PLX-PAD cells may be the answer for both PAD patients and physicians seeking effective
medical solutions,” commented Prof. Norbert Weiss, MD, Director of the Vascular Center at the Technical
University of Dresden, Germany, and the lead PI for the European Phase II IC study.
“We are very pleased with the study results that may bring hope to millions of patients worldwide
suffering from peripheral artery diseases,” stated Pluristem Chairman and Co-CEO Zami Aberman. “These
results suggest that PLX-PAD cells may be efficacious in the treatment of PAD and could significantly
reduce the need for invasive procedures in these patients. Furthermore, these results provide
important validation to our ongoing pivotal Phase III study in CLI in terms of dose selection, dualdosing
administration regimen and the superiority of our proprietary Bio-Therapeutic approach we have
developed in the last few years of using different placentas when more than one treatment is required.
The unique PLX platform and manufacturing processes we developed enable us to confirm donor-todonor
and batch-to-batch comparability and achieve optimal clinical benefits.”
About Peripheral Artery Diseases (PAD)
Peripheral Arterial Disease (PAD) is caused by fatty deposits in leg arteries that obstruct blood flow. Risk
factors include smoking, diabetes, heavy weight, cardiovascular problems and hypertension. An earlier
stage of PAD is Intermittent Claudication (IC) with symptoms of leg pain and weakness brought on by
exercise, with resolution of the symptoms following rest. IC can progress to Critical Limb Ischemia (CLI)
when patients suffer from severe pain at rest, skin wounds, tissue necrosis and poor quality of life with a
high risk of leg amputation and death. PAD affects 4-12% of people aged 55-70 years and 15-20% of people
aged over 70 years. The frequency of lower extremity artery disease is strongly age-related, rising steeply
after 50 years of age. PAD afflicts about 20 million U.S. citizens, 28 million Western Europeans and 42 to
60 million Chinese citizens.
Pluristem’s Phase III study in Critical Limb Ischemia (CLI), was cleared by the U.S Food and Drug
Administration (FDA) and European Medicines Agency (EMA) and is recruiting patients (n=246) in the U.S.
and Europe.