INVITATION FOR TECHNOLOGICAL COOPERATION

Company: BRAINSGATE LTD.

DOCUMENT STRUCTURE:


CONTACT DATA
Organization: BRAINSGATE LTD.
Contact: Name: Mr. Avinoam Dayan
Position: CEO
Address: 4 Rotem Hamidbar St.
P.O.Box: 3548
Caesarea
ISRAEL, 38900
Telephone: 04-6377774
Fax: 04-6377771
Email: contact@brainsgate.com
WEB site: www.brainsgate.com


GENERAL INFORMATION
Established:  2001
Ownership:  Private
Parent:  Elron Electronic Industries (Nasdaq: ELRN; TASE)

Core business

Technology for delivering drugs to the central nervous system
(CNS). Develops implantable medical devices.

Employees:  28

Overview

The company was established in an attempt to provide a generic
core technology for drug delivery into the central nervous system
(CNS). BrainsGate's unique approach can revolutionize drug
delivery particularly when dealing with diseases such as brain
tumors, neurodegenerative disorders (Alzheimer's disease,
Parkinson's disease) and neuro-metabolic disorders

BrainsGate's proprietary technology involves modulation of
cerebrovascular properties - blood vessel permeability and blood
flow - central to many CNS disorders. BrainsGate technology is
targeted at major unmet needs in the fields of neuro-oncology
(primary and metastatic brain tumors), neuro degenerative
disorders (e.g. Alzheimer's Disease, Vascular Dementia,
Parkinson's Disease) and cerebrovascular disorders (e.g. cerebral
vasospasm following hemorrhagic stroke). The Company intends to
commence clinical trials in 2005, delivering a chemotherapeutic
agent to primary brain tumor patients.



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MATIMOP ADDRESS:
Liaison: Mr. Uzi Bar-Sadeh
Internet site: http://www.matimop.org.il
Email: uzi@matimop.org.il
Mail: POBox: 50364 Tel Aviv Israel 61 500
Fax: ++ 972 3 5177655