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Pluristem Heads for Two-Month High on $3.2 Million Israeli Grant

Pluristem Therapeutics Inc. headed for the highest close in more than two months after the developer of cell-therapy products said it received a grant of 11.8 million shekels ($3.2 million) from the Israeli government.

The shares advanced 2.2 percent to 9.38 shekels at 2:20 p.m. in Tel Aviv, poised for the highest close since Feb. 22. The shares have advanced 12.4 percent this month, trimming this year’s drop to 1.1 percent.

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