web analytics
July 30, 2015 / 14 Av, 5775
At a Glance
News & Views
Sponsored Post


Novartis Trying to Buy Israeli Stem Cell Research Developer

The Novartis dug company is in advanced talks to buy up Israeli-based stem cell treatments developer Gamida-Cell for $600 million, sources told the Globes business newspaper.

Slightly more than half of Gamida-Cell is owned by Clal Biotechnology and Elbit Medical Technologies, a subsidiary of Elbit Imaging.

Gamida-Cell has been considering offering an IPO on Wall Street, but the reported purchasing price offered by Novartis is far more than the revenues it would raise on its own.

Gamida Cell has proprietary technology for growing the number and density of stem cells within a specific blood sample and seeks to enhance umbilical cord blood donations for implants to cure blood cancer in adults.

Currently, umbilical cord blood can only be used for implant in people weighing less than 90 pounds, according to Globes.

About the Author: JewishPress.com brings you the latest in Jewish news from around the world. Stay up to date by following up on Facebook and Twitter. Do you have something noteworthy to report? Submit your news story to us here.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

4 Responses to “Novartis Trying to Buy Israeli Stem Cell Research Developer”

  1. Eat your heart out, BDS.

  2. I thought the Swiss were part of the BDS movement. Apparently not when there’s money to be made.

  3. Don’t sell to people who support BDS

  4. I agree. Don't sell to people who support BDS. Can't help but wonder how many supporting BDS would refuse to use any of the medical breakthroughs brought about by stem cell research perfected by Jews? Or any medical advancements, for that matter?

Comments are closed.

Current Top Story
PUG Meeting
Abbas Reshuffles Unity Govt with Hamas, Claims ISIS Is Already in Gaza, ‘No Sense Denying It’
Latest News Stories
PUG Meeting

Hamas said that the unity government’s reshuffle was “unconstitutional and outside consensus.”

Ravensburg Marienplatz31 Stolpersteine Landauer

Jewish community leaders argued these “stolpersteine” — German for stumbling blocks — were an inappropriate form of remembrance because people would step on them.

Stabbing at Gay Parade

The stabber is an ultra-Orthodox man who had stabbed three marchers at the gay pride parade in Jerusalem 10 years ago.

Hamas terrorists usually fired rockets at Israeli towns from civilian areas in Gaza.

NGO-Monitor’s questions raises questions about AI’s professionalism and credibility…

Tel Aviv’s talent resources were ranked 3rd in the world — behind 2nd place Moscow and 1st place Silicon Valley.

The Prime Minister said that the procedures for inspections are “full of holes.”

“The deal before us now is simply too dangerous for the American people.”

Rabbis will appeal to Congressmen, especially the Jews, immediately before the Rosh HaShanah New Year.

A massive heat wave is expected to last throughout most of next week, if not longer.

Israel president Ruby Rivlin visits an IDF naval base in Haifa on July 28, 2015.

Growing opposition to the nuclear agreement could break the back of “uncertain” Democrats in Congress.

Canada is buying Israeli Iron Dome radar that is able to detect rockets, artillery and mortars at long ranges, and can simultaneously engage a large number of targets. Ottawa’s Dept. of National Defense awarded the contract to ELTA Systems, a subsidiary of Israel Aerospace Industries Ltd. (IAI), and Rheinmetall-Canada. The radar system offers exceptional detection […]

Dore Gold pointed out to American Jewish Leaders that Israel and Sunni Muslims agree on Iran.

Turkey paradoxically accuses the outlawed Kurdish PKK terror group of collaborating with ISIS.

Israeli military medics rescued a Palestinian Authority Arab girl in Hebron on Thursday.

At least 2 Border Guard officers refused early Thursday to expel families from the ruins of Sa-Nur.

More Articles from Jewish Press News Briefs

Canada is buying Israeli Iron Dome radar that is able to detect rockets, artillery and mortars at long ranges, and can simultaneously engage a large number of targets. Ottawa’s Dept. of National Defense awarded the contract to ELTA Systems, a subsidiary of Israel Aerospace Industries Ltd. (IAI), and Rheinmetall-Canada. The radar system offers exceptional detection […]

At least two reliable sources reported that Mullah Omar, one of the world’s most wanted terrorists, has died.

Gaddafi wasn’t in the court, as he is currently being held captive by one of the former rebel groups in Zintan.

A 5.1 magnitude earthquake struck south central Alaska Monday, 93 miles northwest of Anchorage at a depth of 77 miles. Alaskans felt the tremors, but no damage was reported. The epicenter of the tremor was on Yunaska Island, the largest island in the chain of volcanic Aleutian Islands that stretch across the northern Pacific from […]

…in the process of violently resisting arrest, the soldier knocked the terrorist unconscious.

Two Israeli policemen that were injured by Islamic terrorists on the Temple Mount on Sunday.

Printed from: http://www.jewishpress.com/news/israel/novartis-trying-to-buy-israeli-stem-cell-research-developer/2014/03/18/

Scan this QR code to visit this page online: