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<SEC-DOCUMENT>0000950136-07-005202.txt : 20070730
<SEC-HEADER>0000950136-07-005202.hdr.sgml : 20070730
<ACCEPTANCE-DATETIME>20070730170330
ACCESSION NUMBER:		0000950136-07-005202
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070724
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
FILED AS OF DATE:		20070730
DATE AS OF CHANGE:		20070730

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Protalix BioTherapeutics, Inc.
		CENTRAL INDEX KEY:			0001006281
		STANDARD INDUSTRIAL CLASSIFICATION:	BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836]
		IRS NUMBER:				650643773
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33357
		FILM NUMBER:		071010172

	BUSINESS ADDRESS:	
		STREET 1:		2 SNUNIT ST
		STREET 2:		SCIENCE PARK, POB 455
		CITY:			CARMIEL
		STATE:			L3
		ZIP:			21000
		BUSINESS PHONE:		972-4-988-9488

	MAIL ADDRESS:	
		STREET 1:		2 SNUNIT ST
		STREET 2:		SCIENCE PARK, POB 455
		CITY:			CARMIEL
		STATE:			L3
		ZIP:			21000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ORTHODONTIX INC
		DATE OF NAME CHANGE:	19980422

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EMBASSY ACQUISITION CORP
		DATE OF NAME CHANGE:	19960124
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>file1.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>
</TITLE>
</HEAD>
<BODY>


   <PAGE>
	 <DIV
	  STYLE="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>

	 <DIV
	  STYLE="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>

	 <P STYLE="font-size: 14pt; margin-top: 12pt; text-align: center">
		<B>UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION</B>
	 </P>
	 <P STYLE="font-size: 12pt; text-align: center; margin-top:-14pt">
		<B>WASHINGTON, D.C. 20549</B>
	 </P>
	 <DIV ALIGN="center">
		<P
		 STYLE="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000"
		 ALIGN="center">
		  &nbsp;
		</P>
	 </DIV>
	 <P STYLE="font-size: 18pt; margin-top: 12pt; text-align: center">
		<B>FORM 8-K</B>
	 </P>
	 <P STYLE="font-size: 12pt; margin-top: 12pt; text-align: center">
		<B>CURRENT REPORT PURSUANT<BR> TO SECTION 13 OR 15(d) OF THE<BR>
		SECURITIES EXCHANGE ACT OF 1934</B>
	 </P>
	 <P STYLE="font-size: 10pt; margin-top: 16pt; text-align:center">
		Date of report (Date of earliest event reported):<B> July 24, 2007</B>
	 </P>
	 <P STYLE="font-size: 24pt; margin-top: 10pt; text-align:center">
		<B>Protalix BioTherapeutics, Inc.</B>
	 </P>
	 <P STYLE="font-size: 10pt; text-align:center; margin-top: -14pt">
		(Exact Name of Registrant as Specified in Its Charter)
	 </P>
	 <P STYLE="font-size: 10pt; margin-top: 2pt; text-align: center">
		<B>Florida</B>
	 </P>
	 <P
	  STYLE="font-size: 10pt; margin-top: -16pt; margin-bottom: -1pt; text-align:center">
		(State or Other Jurisdiction of Incorporation)
	 </P>
	 <TABLE STYLE="font-size: 10pt" CELLSPACING="0" BORDER="0" CELLPADDING="0"
	  WIDTH="100%">
		<TR VALIGN="bottom">
		  <TD WIDTH="47%">&nbsp;</TD>
		  <TD WIDTH="5%">&nbsp;</TD>
		  <TD WIDTH="47%">&nbsp;</TD>
		</TR>
		<TR VALIGN="bottom">
		  <TD ALIGN="center" VALIGN="top"><B>000-27836</B><BR> (Commission File
			 Number) </TD>
		  <TD>&nbsp;</TD>
		  <TD ALIGN="center" VALIGN="top"><B>65-0643773</B><BR> (IRS Employer
			 Identification No.)</TD>
		</TR>
		<TR VALIGN="bottom">
		  <TD ALIGN="center" VALIGN="top">&nbsp;</TD>
		  <TD>&nbsp;</TD>
		  <TD ALIGN="center" VALIGN="top">&nbsp;</TD>
		</TR>
		<TR VALIGN="bottom">
		  <TD ALIGN="center" VALIGN="top"><B>2 Snunit Street <BR>Science Park<BR>
			 POB 455<BR> Carmiel, Israel </B><BR> (Address of Principal Executive Offices)
			 </TD>
		  <TD>&nbsp;</TD>
		  <TD ALIGN="center" VALIGN="top"><B>21000</B><BR> (Zip Code)</TD>
		</TR>
	 </TABLE>
	 <P STYLE="font-size: 10pt; margin-top: 12pt; text-align: center">
		<B>+972-4-988-9488</B><BR> (Registrant&#146;s Telephone Number, Including
		Area Code)
	 </P>
	 <P STYLE="font-size: 10pt; margin-top: 18pt; text-align:center">
		<FONT STYLE="border-top: 1px solid #000000">(Former Name or Former
		Address, if Changed Since Last Report)</FONT>
	 </P>
	 <P
	  STYLE="font-size: 10pt; margin-top: 6pt; margin-bottom: 6pt; text-align:left">
		Check the appropriate box below if the Form 8-K filing is intended to
		simultaneously satisfy the filing obligation of the registrant under any of the
		following provisions (see General Instruction A.2. below):
	 </P>
	 <TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0"
	  STYLE="font-size: 10pt">
		<TR VALIGN="top"
		 STYLE="font-size: 10pt; color: #000000; background: transparent">
		  <TD WIDTH="3%" NOWRAP="NOWRAP" ALIGN="left"><FONT
			 FACE="Wingdings">o</FONT></TD>
		  <TD WIDTH="1%">&nbsp;</TD>
		  <TD>Written communications pursuant to Rule 425 under the Securities
			 Act (17 CFR 230.425)</TD>
		</TR>
		<TR>
		  <TD STYLE="font-size: 6pt">&nbsp;</TD>
		</TR>
		<TR VALIGN="top"
		 STYLE="font-size: 10pt; color: #000000; background: transparent">
		  <TD WIDTH="3%" NOWRAP="NOWRAP" ALIGN="left"><FONT
			 FACE="Wingdings">o</FONT></TD>
		  <TD WIDTH="1%">&nbsp;</TD>
		  <TD>Soliciting material pursuant to Rule 14a-12 under the Exchange Act
			 (17 CFR 240.14a-12)</TD>
		</TR>
		<TR>
		  <TD STYLE="font-size: 6pt">&nbsp;</TD>
		</TR>
		<TR VALIGN="top"
		 STYLE="font-size: 10pt; color: #000000; background: transparent">
		  <TD WIDTH="3%" NOWRAP="NOWRAP" ALIGN="left"><FONT
			 FACE="Wingdings">o</FONT></TD>
		  <TD WIDTH="1%">&nbsp;</TD>
		  <TD>Pre-commencement communications pursuant to Rule 14d-2(b) under the
			 Exchange Act (17 CFR 240.14d-2(b))</TD>
		</TR>
		<TR>
		  <TD STYLE="font-size: 6pt">&nbsp;</TD>
		</TR>
		<TR VALIGN="top"
		 STYLE="font-size: 10pt; color: #000000; background: transparent">
		  <TD WIDTH="3%" NOWRAP="NOWRAP" ALIGN="left"><FONT
			 FACE="Wingdings">o</FONT></TD>
		  <TD WIDTH="1%">&nbsp;</TD>
		  <TD>Pre-commencement communications pursuant to Rule 13e-4(c) under the
			 Exchange Act (17 CFR 240.13e-4(c))</TD>
		</TR>
	 </TABLE>
	 <DIV
	  STYLE="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>

	 <DIV
	  STYLE="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>

	 <P STYLE=" margin-bottom:0pt; margin-top:0pt;text-align:left;">
		<FONT STYLE="font-size:10pt">&nbsp;</FONT>
	 </P>
	 <P STYLE=" margin-bottom:0pt; margin-top:0pt;text-align:left;">
		<FONT STYLE="font-size:10pt">&nbsp;</FONT>
	 </P>
<!-- EEDocs PBStart--><HR NOSHADE="noshade" ALIGN="center" WIDTH="100%"
	 SIZE="2">
	 <P STYLE="page-break-before:always">
	 </P>
	 <PAGE>
<!-- EEDocs PBEnd-->
	 <P STYLE=" margin-bottom:0pt; margin-top:8pt;text-align:left;">
		<B><FONT STYLE="font-size:10pt">Item 5.02. Departure of Directors or
		Certain Officers; Election of Directors; Appointment of Certain Officers;
		Compensatory Arrangements of Certain Officers</FONT></B>
	 </P>
	 <P STYLE=" margin-bottom:0pt; margin-top:8pt;text-align:left;">
		<FONT STYLE="font-size:10pt">On July 24, 2007, the Board of Directors of
		the Company approved, upon the recommendation of its Compensation Committee,
		increases to the base salaries of certain of its executive officers. The
		increases, which are effective retroactive to January 1, 2007, are as follows:
		</FONT>
	 </P>
	 <P STYLE=" margin-bottom:0pt; margin-top:0pt;text-align:left;">
		<FONT STYLE="font-size:10pt">&nbsp;</FONT>
	 </P>
	 <DIV ALIGN="center">
		<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="80%"
		 STYLE=" border-collapse:collapse;">
		  <TR VALIGN="TOP">
			 <TD VALIGN="top" STYLE="border-bottom:solid black .5pt; "
			  WIDTH="50%">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;">
				  <B><FONT STYLE="font-size:10pt">Name of Officer</FONT></B>
				</P>
			 </TD>
			 <TD VALIGN="top" WIDTH="1%">
				<P
				 STYLE=" margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">&nbsp;</FONT>
				</P>
			 </TD>
			 <TD VALIGN="top" STYLE="border-bottom:solid black .5pt; "
			  WIDTH="39%">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;">
				  <B><FONT STYLE="font-size:10pt">Amended Monthly Salary</FONT></B>

				</P>
			 </TD>
		  </TR>
		  <TR>
			 <TD WIDTH="50%" VALIGN="top">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">David Aviezer, Ph.D.</FONT><BR>
				  <FONT STYLE="font-size:10pt">Director, President and Chief Executive
				  Officer</FONT>
				</P>
			 </TD>
			 <TD WIDTH="1%" VALIGN="top">
				<P
				 STYLE=" margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">&nbsp;</FONT>
				</P>
			 </TD>
			 <TD WIDTH="39%" VALIGN="top">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">NIS 115,000 (approximately
				  $26,590)</FONT>
				</P>
			 </TD>
		  </TR>
		  <TR VALIGN="TOP">
			 <TD VALIGN="top" WIDTH="50%">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:8.0pt;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">Yoseph Shaaltiel, Ph.D.</FONT><BR>
				  <FONT STYLE="font-size:10pt">Director and Executive VP, Research and
				  Development</FONT>
				</P>
			 </TD>
			 <TD VALIGN="top" WIDTH="1%">
				<P
				 STYLE=" margin-left:0in;margin-right:0in;text-indent:0pt;text-align:left;margin-top:8.0pt;margin-bottom:0in;">
				  <FONT STYLE="font-size:10pt">&nbsp;</FONT>
				</P>
			 </TD>
			 <TD VALIGN="top" WIDTH="39%">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:8.0pt;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">NIS 55,000 (approximately
				  $12,717)</FONT>
				</P>
			 </TD>
		  </TR>
		  <TR>
			 <TD VALIGN="top" WIDTH="50%">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:8.0pt;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">Einat Brill Almon, Ph.D.</FONT><BR>
				  <FONT STYLE="font-size:10pt">Vice President, Product Development</FONT>
				</P>
			 </TD>
			 <TD VALIGN="top" WIDTH="1%">
				<P
				 STYLE=" margin-left:0in;margin-right:0in;text-indent:0pt;text-align:left;margin-top:8.0pt;margin-bottom:0in;">
				  <FONT STYLE="font-size:10pt">&nbsp;</FONT>
				</P>
			 </TD>
			 <TD VALIGN="top" WIDTH="39%">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:8.0pt;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">NIS 49,500 (approximately
				  $11,445)</FONT>
				</P>
			 </TD>
		  </TR>
		  <TR>
			 <TD VALIGN="top" WIDTH="50%">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:8.0pt;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">Yossi Maimon, CPA</FONT><BR>
				  <FONT STYLE="font-size:10pt">Chief Financial Officer, Treasurer and
				  Secretary</FONT>
				</P>
			 </TD>
			 <TD VALIGN="top" WIDTH="1%">
				<P
				 STYLE=" margin-left:0in;margin-right:0in;text-indent:0pt;text-align:left;margin-top:8.0pt;margin-bottom:0in;">
				  <FONT STYLE="font-size:10pt">&nbsp;</FONT>
				</P>
			 </TD>
			 <TD VALIGN="top" WIDTH="39%">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:8.0pt;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">NIS 47,500 (approximately
				  $10,983)</FONT>
				</P>
			 </TD>
		  </TR>
		</TABLE> </DIV>
	 <P STYLE=" margin-bottom:0pt; margin-top:8pt;text-align:left;">
		<FONT STYLE="font-size:10pt">The Board of Directors also resolved, upon
		the recommendation of its Compensation Committee, that the monthly base salary
		of Yossi Maimon shall be increased again on August 1, 2007, to NIS 49,500
		(approximately $11,445)). In addition, the Board of Directors determined that
		the closing of an offering by the Company for gross proceeds of at least
		$80,000,000 shall be deemed a &#147;significant event&#148; under Section 2.2.2
		of that certain Employment Agreement dated October 15, 2006 between Protalix
		and Yossi Maimon and, accordingly, Mr.&nbsp;Maimon shall be entitled to a bonus
		in an amount to be determined by the Company upon the closing of such an
		offering.</FONT>
	 </P>
	 <P STYLE=" margin-bottom:0pt; margin-top:8pt;text-align:left;">
		<FONT STYLE="font-size:10pt">Lastly, the Board of Directors approved,
		upon the recommendation of its Compensation Committee, that the monthly base
		salaries of the foregoing officers shall be further increased effective as of
		the beginning of the first calendar month following the closing of an offering
		by the Corporation for gross proceeds of at least $80,000,000, as
		follows:</FONT>
	 </P>
	 <P STYLE=" margin-bottom:0pt; margin-top:0pt;text-align:left;">
		<FONT STYLE="font-size:10pt">&nbsp;</FONT>
	 </P>
	 <P STYLE=" margin-bottom:0pt; margin-top:0pt;text-align:left;">
		<FONT STYLE="font-size:12pt">&nbsp;</FONT>
	 </P>
	 <P STYLE=" margin-bottom:0pt; margin-top:0pt;text-align:center;">
		<FONT STYLE="font-size:10pt">2</FONT>
	 </P>
	 <P STYLE=" margin-bottom:0pt; margin-top:0pt;text-align:left;">
		<FONT STYLE="font-size:12pt">&nbsp;</FONT>
	 </P>
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	 SIZE="2">
	 <P STYLE="page-break-before:always">
	 </P>
	 <PAGE>
<!-- EEDocs PBEnd-->
	 <P STYLE=" margin-bottom:0pt; margin-top:0pt;text-align:left;">
		<FONT STYLE="font-size:10pt">&nbsp;</FONT>
	 </P>
	 <DIV ALIGN="center">
		<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="80%"
		 STYLE=" border-collapse:collapse;">
		  <TR VALIGN="TOP">
			 <TD VALIGN="top" STYLE="border-bottom: solid black .5pt;"
			  WIDTH="50%">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;">
				  <B><FONT STYLE="font-size:10pt">Name of Officer</FONT></B>
				</P>
			 </TD>
			 <TD VALIGN="top" WIDTH="1%">
				<P
				 STYLE=" margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">&nbsp;</FONT>
				</P>
			 </TD>
			 <TD VALIGN="top" STYLE="border-bottom: solid black .5pt;"
			  WIDTH="39%">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:center;margin-bottom:0pt;">
				  <B><FONT STYLE="font-size:10pt">Amended Monthly Salary</FONT></B>

				</P>
			 </TD>
		  </TR>
		  <TR VALIGN="TOP">
			 <TD WIDTH="50%" VALIGN="top">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">David Aviezer, Ph.D.</FONT><BR>
				  <FONT STYLE="font-size:10pt">Director, President and Chief Executive
				  Officer</FONT>
				</P>
			 </TD>
			 <TD WIDTH="1%" VALIGN="top">
				<P
				 STYLE=" margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">&nbsp;</FONT>
				</P>
			 </TD>
			 <TD WIDTH="39%" VALIGN="top">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">NIS 150,000 (approximately
				  $34,594)</FONT>
				</P>
			 </TD>
		  </TR>
		  <TR>
			 <TD VALIGN="top" WIDTH="50%">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:8.0pt;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">Yoseph Shaaltiel, Ph.D.</FONT><BR>
				  <FONT STYLE="font-size:10pt">Director and Executive VP, Research and
				  Development</FONT>
				</P>
			 </TD>
			 <TD VALIGN="top" WIDTH="1%">
				<P
				 STYLE=" margin-left:0in;margin-right:0in;text-indent:0pt;text-align:left;margin-top:8.0pt;margin-bottom:0in;">
				  <FONT STYLE="font-size:10pt">&nbsp;</FONT>
				</P>
			 </TD>
			 <TD VALIGN="top" WIDTH="39%">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:8.0pt;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">NIS 60,500 (approximately
				  $13,953)</FONT>
				</P>
			 </TD>
		  </TR>
		  <TR>
			 <TD VALIGN="top" WIDTH="50%">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:8.0pt;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">Einat Brill Almon, Ph.D.</FONT><BR>
				  <FONT STYLE="font-size:10pt">Vice President, Product Development</FONT>
				</P>
			 </TD>
			 <TD VALIGN="top" WIDTH="1%">
				<P
				 STYLE=" margin-left:0in;margin-right:0in;text-indent:0pt;text-align:left;margin-top:8.0pt;margin-bottom:0in;">
				  <FONT STYLE="font-size:10pt">&nbsp;</FONT>
				</P>
			 </TD>
			 <TD VALIGN="top" WIDTH="39%">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:8.0pt;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">NIS 54,000 (approximately
				  $12,479)</FONT>
				</P>
			 </TD>
		  </TR>
		  <TR>
			 <TD VALIGN="top" WIDTH="50%">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:8.0pt;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">Yossi Maimon, CPA</FONT><BR>
				  <FONT STYLE="font-size:10pt">Chief Financial Officer, Treasurer and
				  Secretary</FONT>
				</P>
			 </TD>
			 <TD VALIGN="top" WIDTH="1%">
				<P
				 STYLE=" margin-left:0in;margin-right:0in;text-indent:0pt;text-align:left;margin-top:8.0pt;margin-bottom:0in;">
				  <FONT STYLE="font-size:10pt">&nbsp;</FONT>
				</P>
			 </TD>
			 <TD VALIGN="top" WIDTH="39%">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:8.0pt;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">NIS 54,000 (approximately
				  $12,479)</FONT>
				</P>
			 </TD>
		  </TR>
		</TABLE> </DIV>
	 <P STYLE=" margin-bottom:0pt; margin-top:0pt;text-align:left;">
		<FONT STYLE="font-size:10pt">&nbsp;</FONT>
	 </P>
	 <P STYLE=" margin-bottom:0pt; margin-top:0pt;text-align:left;">
		<FONT STYLE="font-size:12pt">&nbsp;</FONT>
	 </P>
	 <P STYLE=" margin-bottom:0pt; margin-top:0pt;text-align:center;">
		<FONT STYLE="font-size:10pt">3</FONT>
	 </P>
	 <P STYLE=" margin-bottom:0pt; margin-top:0pt;text-align:left;">
		<FONT STYLE="font-size:12pt">&nbsp;</FONT>
	 </P>
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		<B><FONT STYLE="FONT-SIZE:10PT">SIGNATURES</FONT></B>
	 </P>
	 <P STYLE=" margin-bottom:0pt; margin-top:8pt;text-align:left;">
		<FONT STYLE="font-size:10pt">Pursuant to the requirements of the
		Securities Exchange Act of 1934, the Registrant has duly caused this report to
		be signed on its behalf by the undersigned hereunto duly authorized.</FONT>
	 </P>
	 <P STYLE=" margin-bottom:0pt; margin-top:0pt;text-align:left;">
		<FONT STYLE="font-size:10pt">&nbsp;&nbsp;</FONT>
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				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">&nbsp;</FONT>
				</P>
			 </TD>
			 <TD VALIGN="bottom">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">&nbsp;</FONT>
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				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;">
				  <B><FONT STYLE="FONT-SIZE:10PT">PROTALIX BIOTHERAPEUTICS,
				  INC.</FONT></B>
				</P>
			 </TD>
		  </TR>
		  <TR>
			 <TD WIDTH="49%" VALIGN="bottom">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;">
				  <BR> <FONT STYLE="font-size:10pt">Date: July 30, 2007</FONT>
				</P>
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			 <TD WIDTH="7%" VALIGN="bottom">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">&nbsp;</FONT>
				</P>
			 </TD>
			 <TD WIDTH="4%" VALIGN="bottom">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">By:&nbsp;</FONT>
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			 </TD>
			 <TD WIDTH="40%" VALIGN="bottom"
			  STYLE="border-bottom: solid black .5pt;">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;">
				  <BR> <FONT STYLE="font-size:10pt">/s/ David Aviezer</FONT>
				</P>
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				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">&nbsp;</FONT>
				</P>
			 </TD>
			 <TD VALIGN="top">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">&nbsp;</FONT>
				</P>
			 </TD>
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				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">Name:&nbsp;</FONT>
				</P>
			 </TD>
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				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">David Aviezer, Ph.D.</FONT>
				</P>
			 </TD>
		  </TR>
		  <TR>
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				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">&nbsp;</FONT>
				</P>
			 </TD>
			 <TD VALIGN="top">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">&nbsp;</FONT>
				</P>
			 </TD>
			 <TD VALIGN="top">
				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">Title:</FONT>
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				<P
				 STYLE=" margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;">
				  <FONT STYLE="font-size:10pt">President and</FONT><BR>
				  <FONT STYLE="font-size:10pt">Chief Executive Officer</FONT>
				</P>
			 </TD>
		  </TR>
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	 <P STYLE=" margin-bottom:0pt; margin-top:0pt;text-align:left;">
		<FONT STYLE="font-size:10pt">&nbsp;</FONT>
	 </P>
	 <P STYLE=" margin-bottom:0pt; margin-top:0pt;text-align:left;">
		<FONT STYLE="font-size:12pt">&nbsp;</FONT>
	 </P>
	 <P STYLE=" margin-bottom:0pt; margin-top:0pt;text-align:center;">
		<FONT STYLE="font-size:10pt">4</FONT>
	 </P>
	 <P STYLE=" margin-bottom:0pt; margin-top:0pt;text-align:left;">
		<FONT STYLE="font-size:12pt">&nbsp;</FONT>
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