The world watched in May as Pluristem (NASDAQ:PSTI) miraculously healed a young girl dying from bone marrow that was so diseased it had lost most of its blood cells. No medical intervention had worked. Yet after two intramuscular injections of PLX cells, within weeks, she left the hospital and has been well ever since.

It might be easy to believe this was a fluke, but the company has just done it again.

Israeli TV networks are all over this ground-breaking story and it is certainly big news for a reason.

Breaking News: Patient Becomes Second Person Whose Life Was Saved by PLX Cells Israeli TV Network: An Israeli invention helped save the life of a woman suffering from lymphoma Flash Player 9 or higher is required to view the chart Click here to download Flash Player now

Cancer companies command huge take-out premiums. Speculation over Medivation, Inc. (NASDAQ:MDVN) with its experimental cancer drug made shares rise 300% this year.

Since approval of Provenge, Dendreon (NASDQ:DNDN) has been a favorite for take-over rumors-- especially since it seems to keep failing to deliver on its own gameplan and disappointing the market.

Another target is Onyx Pharmaceuticals (NASDAQ:ONXX) with a new potential blockbuster who is being watched closely by Celgene (NASDAQ:CELG).

Pluristem, using a platform technology that has been successful in diseases of the leg arteries, heart, and lungs, all multi-billion dollar markets, has found what looks like an answer for patients with no options but death.

The company will file for Orphan Drug status which means that their PLX cells for bone marrow transplant has a faster path to approval and could be on the market in less than a year.

If I was confident of Pluristem’s prospects before, this latest development makes me certain that our target of $8 in the next few months is not only reasonable, but may be very conservative, and that shares could increase in value by up to 7 times in the next 12 months.

We note also that The Maxium Group initiated coverage with a buy on Pluristem just a few days ago. That firm also note a price target of $8.00 a share. Think about that.

About Ray Dirks

Ray Dirks came to Wall Street with Goldman, Sachs & Co. in 1963 where he was established as the leading insurance stock analyst dealing with institutional investors and high-net worth investors both in the U.S. and internationally.  Ray’s research includes Healthcare Stocks and Special Situations. Ray has written two books, “The Great Wall Street Scandal” and “Heads You Win, Tails You Win,” published by McGraw-Hill and Bantam Books respectively. He continues to provide research to institutions and individuals. 

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