other material
confidence high
sentiment negative
materiality 0.65
Pluri's subsidiary loses $4.2M NIAID contract for PLX-R18 H-ARS therapy; termination for convenience effective April 15
Pluri Inc.
- Pluri Biotech Ltd. received termination notice from NIAID for a $4.2M contract awarded July 2023 to develop PLX-R18 for Hematopoietic Acute Radiation Syndrome.
- Termination effective April 15, 2025, for the government's convenience; Pluri links it to broader federal budgetary adjustments affecting NIH.
- Contract involved collaboration with AFRRI and USUHS; company is monitoring potential implications for other programs.