Exhibit 3

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including amendments thereto) with respect to the ordinary shares, par value NIS 0.04 per share, of Laxai Pharma, Ltd. and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filings. In evidence thereof the undersigned, being duly authorized, hereby execute this Agreement this 4th day of March, 2011.


	UTA Capital LLC
	By:	YZT Management LLC,
		its managing member



	By:	/s/ Udi Toledano
		Udi Toledano
Date: March 4, 2011		its managing member


	YZT Management LLC
	By:	/s/ Udi Toledano
		Udi Toledano
		its managing member


	Alleghany Capital Corporation
	By:	/s/ Roger B. Gorham
		Roger B. Gorham
		Chairman and President


	Alleghany Corporation
	By:	/s/ Roger B. Gorham
		Roger B. Gorham
		Senior Vice President– Finance and Investments and Chief Financial Officer


	/s/ Udi Toledano
	Udi Toledano

Laxai Pharma Ltd SC 13D