Ladies and gentlemen, welcome to the BioLineRx Second Quarter 2013 Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. (Operator Instructions). Thank you. I would now like to turn the conference over to Mr. Garth Russell of KCSA’s Strategic Communication. Sir, you may begin your conference.

Thank you. Before turning the call over to management, I would like to make the following remarks concerning forward-looking statements. All statements in this conference call other than historical facts are forward-looking statements. The words, anticipate, believe, estimate, expect, intend, guidance, confidence, target, project, and other similar expressions, typically are used to identify forward-looking statements. These forward-looking statements are not guarantees of future performances and may involve and are risks and uncertainties and other factors that may affect BioLineRX’s business, financial conditions, and other operating results, which include, but not limited to the risk factors and other qualifications contained in BioLineRX’s annual report on form 20-F quarterly report that will be filled in a 6-K and other reports filed by BioLineRX with the SEC to which we’re attaching. Therefore, actual outcomes and results may differ materially from what is expressed or implied by these forward-looking segments. BioLine expressly disclaims any intent or obligation to update these forward-looking statements. At this time, it is now my pleasure to turn the call over to Dr. Kinneret Savitsky, Chief Executive Officer of BioLineRX. Kinneret the floor is yours.

Thank you, Garth. Welcome everyone, and thank you for joining our second quarter 2013 earnings conference call. Joining me on today’s call is Phil Serlin, our Chief Financial and Operating Officer. Today, we will give you an update of the progress of our therapeutic pipeline. After our prepared remarks, Phil and I will be happy to answer any questions you may have. With that said, let’s get started. Over the past couple of months, we have continued to enrich and advance our broad and promising portfolio of compounds. Today, I will highlight another of our clinical stage [assets], with two of them already in advance clinical stages. We believe that each of these diverse programs offer significant opportunities for the Company to deliver on its goal of bringing viable compounds into the market. To start, our late stage out-license program with Ikaria Inc., BL-1040 now known as Bioabsorbable Cardiac Matrix or (BCM) is being developed as first-in-class myocardial implant for the prevention of cardiac remodeling following AMI. At present BL-1040, is deeply in the midst of a pivotal CE-Mark registration trial, the PRESERVATION I Study for European approval. This Placebo controlled 306 patients study which includes a six months follow-up is progressing at full stream and results are expected in to 2014. Ikaria’s recruitment efforts are on track with 36 active sites across nine countries including, seven leading sites in the U.S. based on its unique mechanism of action and the successful pre-clinical and clinical trials to-date. We believe that BL-1040 has the potential to become a breakthrough treatment for AMI and part of the standards of care. Our next key access is BL-5010, a novel formulation for the non-surgical removal of skin lesions. This unique formula consisting of two assets is in Dallas within BL-5010P, a pen-like applicator. The…

Thank you, Kinneret. As Kinneret previously mentioned, I’m also very excited by the positive momentum within our pipeline, and look forward to the potential achievement of our key milestones over the 12 to 18 months. Now I would like to turn your attention to the financials for the six months ended June 30, 2013. Although our primary reporting currency is the Israeli shekel, for the convenience of the listeners on this call, the analysis will be done on a dollar-basis only. The translation to dollar has been done at the representative rate of exchange as of June 30th, 2013 of ILS3.618 to the dollar. Research and development expenses for the six months ended June 30th, 2013 were $8.7 million, an increase of $0.2 million were 3% compared to $8.5 million for the comparable 2012th period. With our goal to a $1.7 million one time reversal that announced previously accrued to the Israeli Office of Chief Scientist with respect to BL-1020, research and development expenses increased by $1.9 million. The increase resulted primarily from significantly higher expenses in the 2013 period associated with the CLARITY clinical trial, as well as the ramp in spending on other clinical stage projects introduced 2012. Sales and marketing expenses for the six month that ended June 30, 2013, as well as the comparable 2012 period were stable at $0.5 million. General and administrative expenses for the six months that ended June 30th, 2013 were $2.0 million, an increase of $0.2 million or 10% compared to $1.8 million for the comparable 2012 period. The increase resulted primarily from a one time expense for professional services incurred in the 2013 period. As a result of these differences, the company operating loss for the six months ended June 30, 2013 amounted to $11.2 million compared with an operating…

Thank you Phil, as we have tried to emphasize on this call, we have several meaningful milestones that will be reached towards the end of 2013 and during 2014. And we look forward to realizing the potential of these multiple opportunities in our pipeline. Operator, we are now ready to open the call for questions.

Thank you. (Operator Instructions). The first question is from Bert Hazlett of Roth Capital Partners. Please go ahead. Robert Hazlett – Roth Capital Partners, LLC: Yes. Thank you for taking the question. I appreciate it. A couple on 5010 and then the couple on your CXCR4 program, first on 5010, what type of structure would you potentially be considering just in broad terms for a licensing? And then it looks like this is very interesting asset in terms of what’s called efficient development towards pivotal trial? Is this an asset that you might consider holding on a bit longer in other geographies beyond Europe, I would love to hear your thoughts there.

Thank you, Bert. So, BL-5010 was designated as a device in Europe, and therefore we believe that this type of deal that we will talk at the moment or the type of deals that we are discussing with potential partners right now is mainly regional deals, since the regulatory path is different between Europe and the U.S. I think said that, there are other regions that might get a designation of the device, for example, Australia, or similar or [accounted] with those similar regulatory path. Right now we are running and our strategies to continue with the device set route and leave the route of this drug to other partner. And this is what we are doing at the moment, so we already submitted all the documents that I mentioned before and once we receive the [grant], we will start this study, even if we are still under discussions with partners. Robert Hazlett – Roth Capital Partners, LLC: And just, again a follow-up may be you touched on it, but may be a little bit more. In other geographies do you think you could – do you think you might be willing to hold on to this to develop it to further stages, on your own?

So usually we are not conducting pivotal studies based on the current strategy, and although this is our strategy, we are considering enter this registration theme for this registration study. This is relatively small study, something that we can do even from operational point of view. And therefore, we are willing to take it on – as part of our effort in 2013 and 2014. Robert Hazlett – Roth Capital Partners, LLC: Thank you for that color. And then with regard to 8040 and AML, could you just remind us just to the end points that of the study and again would you expect the data to be released at a medical meeting or around year end or is it something that would be more likely released in a press release. So 8040 AML study in particular the end points that might be relevant and might be meaningful looking from the – considered in this study.

So the AML studies consist of two phases, one is the escalating those phase in the second – the phase where we will continue to recruit to the rest of the patients on optimal dose. This study we’re looking for safety, tolerability, but also for efficacy end points, we’re looking for the migration activity of the BL-8040 and also for the apoptotic effect. So, for example, we conduct fact analysis in which we are looking for different apoptotic biomarkers and of course for a complete and partial efficacy effect of the BL-8040. Robert Hazlett – Roth Capital Partners, LLC: Thank you very much.

The next question is from Robin Davidson of Edison Investment Research. Please go ahead. Robin Davidson – Edison Investment Research: Thank you.

Can I just complete my answer to Bert, Mr. Bert? Sorry. If we will have already the partial results of several course from the escalading dose phase, we will try and present the data at the ASH Conference, but it depends on the phase of the study that we will be in at the time, and also I just wanted to mention that although this is the place where all our PIs are going to be, or participate in this conference, we do not want to push it just because of the timing, we want to be – to fill that we have the right data to present at the ASH Conference. So it depends where we will stand.

The next question is from Robin Davidson of Edison Investment Research. Please go ahead. Robin Davidson – Edison Investment Research: Thank you. Hello there, I would like to ask a couple of questions on BL-1040, first of all. This is really the studies on the clinical trials book is due to report in March 2014, which given it has a six months primary end point, with just – that it must be at this point be very close to full enrollment if not having achieved that. Is that your understanding of the situation from your partner first of all?

And so, as you mentioned in clinical trials goal which is mentioned at first quarter of 2014, as we stated in our reports, we think this is going to be in 2014, not particular in the end of Q – or in the first of Q1. Although right now our feeling is that it’s going to be around mid 2014. Robin Davidson – Edison Investment Research: Okay, but I don’t have a lot of – well I think there are clinical data, (inaudible) pre-clinical data on that program, but I want to – do you know or are you aware whether the step study has passed in into analysis for (inaudible) I mean that might be normal in a pivotal study?

Now there are no interim data also not for fertility analysis, but I have to say that from safety point of view the FDA required data on the safety profile and tolerability for every 30 patients. So this was conducted several times already. Robin Davidson – Edison Investment Research: Okay, fine. And on the speaking on BL-5010, I just wanted – if you had an idea how quickly you thought you might be able to conduct that, sorry I would imagine it can be done relatively quickly and approximately what would be the size, is it started to be in the same order of 60 patients that you did before or larger?

So probably this study is going to be smaller probably around 20 patients. We still – its still on a [debate] we are waiting to receive some information, also we submitted the package, but since it’s a bridging study, with the new applicator with the BL-5010 the pen-like applicator, we believe that we can conduct small study also based on the discussions we had with the study patients, we believe it will be a 20 patients study, we can show a very nice effect. And we have six months follow-up, therefore, we believe that we’re going to have the results around mid 2014. Robin Davidson – Edison Investment Research: Thank you. Another one on actually BL-1020, you haven’t really mentioned and I wondered – are you still conducting the sort of further analysis of a CLARITY study data, or have you determined that there’s no merit in doing that.

We’re still waiting to see the unblinded data; we will probably see it in the next few weeks, probably during August. So I cannot right now comment on where this stands and no new data that we saw, there’s no new – nothing new in this field or in this program. Robin Davidson – Edison Investment Research: Okay. All right, that’s fair enough. Just a final one perhaps for Phil. Just on your guidance in terms of the cash reach of the company to mid-2016, I wonder if that assumes any – the recite of any milestone from well presumably BL-5010 – BL-1040, for example?

No it doesn’t. Our burn rate has dropped considerably since the termination of the BL-1020 study and its below $12 million a year. So you know based on what we have now with cash in the bank, et cetera, we think that the cash will last until into Q2 2015. Robin Davidson – Edison Investment Research: Right excellent. Okay thanks so much.

Thank you.

(Operator Instructions). There are no further questions at this time. Before I ask Dr. Kinneret Savitsky to go ahead with her closing statement, I would like to remind participants that a replay of this call is scheduled to begin two hours after the conference. In the U.S., please call 1 888-782-4291. In Israel, please call 03925-5927. Internationally, please call 972-3925-5927. Dr. Savitsky would you like to make your concluding statements?

Yeah. Thank you all for joining us today. We are excited about the Company’s continued advancement and development of its program. We appreciate your support and commitment to BioLine. And we will continue to update you of our progress. Thank you and bye-bye.

Thank you. This concludes the BioLineRx second quarter 2013 conference call. Thank you for your participation. You may go ahead and disconnect.