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Protalix BioTherapeutics Receives Research Grant of Up to $4.1 Million From the Israeli Government's Office of the Chief Scientist

Published in Medical Letter on the CDC and FDA, June 6th, 2010

Protalix BioTherapeutics, Inc. (NYSE-AMEX: PLX), announced that the Office of the Chief Scientist (OCS) of Israel's Ministry of Industry, Trade and Labor has awarded the Company a grant of up to $4.1 million for calendar year 2010. The OCS awarded the grant to the Company to promote the advancement of the Company's drug development programs.

The terms of the grant provide that up to $2.9 million of the funds awarded are to be used for the advancement of the Company's early-stage pipeline product candidates, including acetylcholinesterase (AChE), PRX-102, pr-antiTNF, and three undisclosed compounds in development. AChE, an anti-organophosphate nerve agent in development...

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