Novel Medical Food Solution for the Elderly: Pluri & Wilk Collaborate to Develop Human Breast Milk-Derived Food Production on a Commercial Scale
May 20 2024 - 7:00AM
Leading biotechnology company Pluri Inc. (Nasdaq: PLUR) (TASE:
PLUR) (“Pluri” or the “Company”), which transforms cells into
solutions that promote global wellbeing and sustainability, today
announced a strategic collaboration with Wilk Technologies Ltd.
(TASE: WILK) (“Wilk Technologies” or “Wilk”), a developer of
authentic, cell-cultured human and animal milk components. By
combining Pluri’s cutting-edge 3D cell-expansion technology with
Wilk’s expertise in developing cultured human breast and animal
milk products, the strategic collaboration will use the components
of breast milk to develop a unique medical food intended for the
elderly on a commercial scale.
Medical foods for the elderly are specifically formulated and
designed to meet the unique nutritional needs and health concerns
of older adults. Demand for medical food products is growing,
driven by the growing geriatric population and increasing
prevalence of chronic illnesses impacting adults who may have
nutritional deficiencies stemming from their illness or its related
treatment.
“Wilk Technologies is committed to unlocking the potential of
cell-based medical foods,” said Avital Beck, Ph.D., CEO of Wilk
Technologies. “This collaboration presents an opportunity to
leverage Pluri’s 3D cell expansion technology with Wilk’s unique
cell lines. The collaboration aims to develop and scale Wilk’s
innovative products to commercial readiness, potentially leading to
powerful medical food for the elderly.”
“At Pluri, our mission is to leverage cell-based technology to
tackle humanity’s most pressing issues, like age-related health
decline and global food insecurity,” said Yaky Yanay, CEO and
President of Pluri. “This collaboration with Wilk Technologies
perfectly aligns with our vision as we harness the unique
properties of breast milk cells to create medical food solutions
for a rapidly growing elderly population. We’re thrilled about the
potential of this collaboration to improve the quality of life for
millions and revolutionize senior health on a global scale.”
About Pluri
Inc.
Pluri™ is pushing the boundaries of science and
engineering to create cell-based products for commercial use and is
pioneering a biotech revolution that promotes global well-being
and sustainability. The Company’s technology platform, a
patented and validated state-of-the-art 3D cell expansion system,
advances novel cell-based solutions for a range of challenges— from
medicine and climate change to food scarcity, animal cruelty and
beyond. Pluri’s method is uniquely accurate, scalable,
cost-effective and consistent from batch to batch. Pluri currently
operates in the field of regenerative medicine, foodtech and
agtech. The Company also offers CDMO services. Pluri establishes
partnerships that leverage the Company’s proprietary 3D cell-based
technology across various industries that require effective, mass
cell production. To learn more, visit us at www.pluri-biotech.com
or follow Pluri on LinkedIn and X (formerly known as Twitter).
About Wilk Technologies Ltd.
Wilk is dedicated to revolutionizing the dairy and
infant formula industry by enabling the sustainable production of
high-value dairy products using the lowest carbon footprint.
Leveraging over 10 years of industry-leading research, Wilk is
focused on two main development tracks: cultured human breast milk
ingredients and cultured cow milk ingredients. Wilk produces its
solutions for various purposes: enriching infant formula with
cultured breastmilk ingredients for babies, alternative dairy
healthy diets, and the extrapolation of milk’s nutritional
components for the pharma industry. Last year, Wilk Technologies
received investments from Danone, Steakholder Foods, & Coca
Cola Israel.
Safe Harbor Statement
This press release contains express or implied
forward-looking statements within the Private Securities Litigation
Reform Act of 1995 and other U.S. Federal securities laws. For
example, Pluri is using forward-looking statements when it
discusses the expected strategic collaboration, the potential to
lead to powerful medical food for the elderly and the potential
benefits of the collaboration. These forward-looking statements and
their implications are based on the current expectations of the
management of Pluri only and are subject to a number of factors and
uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. The
following factors, among others, could cause actual results to
differ materially from those described in the forward-looking
statements about Pluri: changes in technology and market
requirements; Pluri may encounter delays or obstacles in launching
and/or successfully completing its clinical trials, if necessary;
its products may not be approved by regulatory agencies, its
technology may not be validated as it progresses further and its
methods may not be accepted by the scientific community; it may be
unable to retain or attract key employees whose knowledge is
essential to the development of its products; unforeseen scientific
difficulties may develop with its processes; its products may wind
up being more expensive than it anticipates; results in the
laboratory may not translate to equally good results in real
clinical settings; its patents may not be sufficient; its products
may harm recipients or consumers; changes in legislation with an
adverse impact; inability to timely develop and introduce new
technologies, products and applications; loss of market share and
pressure on pricing resulting from competition, which could cause
the actual results or performance of Pluri to differ materially
from those contemplated in such forward-looking statements. Except
as otherwise required by law, Pluri undertakes no obligation to
publicly release any revisions to these forward-looking statements
to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events. For a more detailed
description of the risks and uncertainties affecting Pluri
reference is made to Pluri’s reports filed from time to time with
the Securities and Exchange Commission.
Media Contacts
Investors: investor.relations@pluri-biotech.com
Israel Media: Shachar Yental at shacharye@gitam.co.il
U.S. Media: Jessica Daitch at Jessica@quantum-corp.com /
Madeline Weirman at Maddie@quantum-corp.com
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