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SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2014

SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Schedule of Depreciation Rates for Property and Equipment

	%
Computers, software and related equipment	33
Laboratory equipment and office furniture	6 - 20 (mainly 20)
Leasehold improvements	Shorter of the term of the lease or useful life

Schedule of weighted-average assumptions for granted options

		Year ended December 31,
		2014				2013				2012
Volatility			56	%			71	%			82	%
Risk-free interest rate			1.53	%			1.25	%			0.66	%
Dividend yield			0	%			0	%			0	%
Expected life (years)			4.7				4.4				4.5

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- Definition

Tabular disclosure of the annual rates used to calculate depreciation for property, plant and equipment.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of granted stock options, including, but not limited to: (a) expected term of granted share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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