UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   ----------

                                    FORM 8-K

                                 CURRENT REPORT

                         Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

                                   ----------

Date of Report (Date of earliest event reported): April 18, 2007

                         Protalix BioTherapeutics, Inc.
             (Exact name of registrant as specified in its charter)

            Florida                   000-27836               65-0643773
   -------------------------      ----------------      ----------------------
        (State or other              (Commission             (IRS Employer
        jurisdiction of              File Number)         Identification No.)
        incorporation)

                                 2 Snunit Street
                                  Science Park
                                     POB 455
                              Carmiel, Israel 21000
               ---------------------------------------------------
               (Address of principal executive offices) (Zip Code)


         -------------------------------------------------------------
         (Former Name or Former Address, if Changed Since Last Report)

Registrant's telephone number, including area code: +972-4-988-9488

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):

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)
|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)
|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))
|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))




Item 8.01. Other Events

On April 18, 2007, Protalix BioTherapeutics, Inc. (the "Company") issued a press
release announcing that had received written notice from the United States Food
and Drug Administration that it may initiate a Phase III clinical trial in the
United States of its lead product candidate, prGCD.

Item 9.01. Financial Statements and Exhibits

(d)   Exhibits

99.1  Press release dated April 18, 2007

                                   SIGNATURES

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.

                                                PROTALIX BIOTHERAPEUTICS, INC.


Date: April 18, 2007                            By:    /s/ David Aviezer
                                                       -----------------------
                                                Name:  David Aviezer, Ph.D.
                                                Title: President and
                                                       Chief Executive Officer


                                       2