Chaim Lebovits recently acquired control of Brainstorm Cell for $5 million and has been appointed president of the company.
Brainstorm Cell Therapeutics Ltd. (Bulletin Board:BCLI.OB) has appointed AIG vice chairman Jacob Frenkel and Lehman Brothers vice-chairman Harvey Krueger to its advisory board. Frenkel is a former governor of the Bank of Israel. Krueger also serves on the boards of Hansard Global plc (LSE:HSD), Chaus Ralty LLC, Duff & Phelps, and Delta Galil Industries Ltd. (Nasdaq: DELT; TASE: DELT).
Chaim Lebovits recently acquired control of Brainstorm Cell for $5 million and has been appointed president of the company. He is a private investor best known for his oil business. Brainstorm Cell is developing innovative stem cell treatments for Parkinson’s Disease and multiple sclerosis.
Published by Globes [online], Israel business news - www.globes.co.il - on August 8, 2007
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