Lifeward Receives Shareholder Approval to Close on Strategic Partnership with Oramed—Creating Diversified Biomedical Company

Lifeward (Nasdaq: LFWD) received shareholder approval to close a strategic partnership with Oramed (Nasdaq: ORMP) that integrates Oramed’s POD™ oral protein delivery platform into Lifeward while Oramed acquires a significant equity stake.

Rhea-AI Summary

Lifeward (Nasdaq: LFWD) received shareholder approval to close a strategic partnership with Oramed (Nasdaq: ORMP) that integrates Oramed’s POD™ oral protein delivery platform into Lifeward while Oramed acquires a significant equity stake.

The structure provides Lifeward potential access to up to $47 million, keeps Oramed responsible for POD™ clinical funding, and aims to combine near‑term MedTech profitability with long‑term biotech upside.

Positive

• Access to up to $47 million of capital from Oramed and another investor
• Oramed funds POD™ clinical development, preserving Lifeward cash for MedTech operations
• Combined MedTech and biotech strategy aims to balance near‑term revenue and long‑term growth

Negative

• Equity issuance to Oramed creates ownership dilution for existing shareholders
• Transaction closing conditional on additional customary closing requirements

Argus Mar 13 session

+3.16% close to close Open Argus

Details

News Market Reaction – LFWD

On Mar 13, the day this news came out, LFWD closed 3.16% above the previous close.

Data tracked by StockTitan Argus for the Mar 13 session.

Key Figures

Capital access from Oramed and investor: up to $47 million Diabetes market size: over $80 billion annually

Capital access from Oramed and investor

up to $47 million

Equity, convertible notes, milestones, and warrants under strategic partnership

Diabetes market size

over $80 billion annually

Global diabetes market referenced for POD™ oral insulin opportunity

Previous Partnership Reports

5 past events · Latest: Mar 02

Same Type 5 events

1. Mar 02

   ReWalk access partnership

   24h Move

   -8.4%

   Collaboration with Shirley Ryan AbilityLab to expand access to ReWalk exoskeleton.

2. Jan 13

   Oramed strategic deal

   24h Move

   +9.2%

   Transformative Oramed investment and POD™ platform acquisition with up to $47M funding.

3. Aug 04

   GCC distribution expansion

   24h Move

   +0.5%

   Expanded SportsMed distribution for AlterG into UAE and wider GCC region.

4. Mar 06

   Workers’ comp access deal

   24h Move

   -8.1%

   CorLife partnership to broaden ReWalk access for workers’ compensation patients.

5. Mar 05

   MyoCycle access expansion

   24h Move

   +2.4%

   Expanded MYOLYN partnership to manage home-use MyoCycle referrals and sales.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

prefunded warrants, convertible notes, milestone-based funding, Protein Oral Delivery (POD), +4 more

8 terms

prefunded warrants financial

"Oramed acquires a significant equity ownership interest in Lifeward through a combination of ordinary shares and prefunded warrants."

Prefunded warrants are a security that gives the holder the right to convert the warrant into a share after paying a very small remaining amount because almost the full purchase price was paid upfront. They matter to investors because exercising them increases the company’s outstanding shares (dilution) and can provide immediate cash to the issuer while allowing holders to bypass ownership limits or simplify timing, similar to buying a nearly-complete gift card that only needs a tiny top-up to use.

convertible notes financial

"access to up to approximately $47 million of capital from Oramed and another investor through equity, convertible notes, milestone-based funding, and warrant coverage."

Convertible notes are a type of short-term loan that a company receives from investors, which can later be turned into company shares instead of being paid back in cash. They matter to investors because they offer a way to support a company early on while giving the potential to own a stake in its success if the company grows and later raises more funding.

milestone-based funding financial

"access to up to approximately $47 million of capital from Oramed and another investor through equity, convertible notes, milestone-based funding, and warrant coverage."

Funding that is paid out in installments only after a company or project reaches specific, pre-agreed goals or checkpoints. Think of it like unlocking the next level in a video game or paying a contractor as each phase of a building is finished: it helps investors limit risk and hold managers accountable by tying cash to measurable progress, while signaling to the market that a venture is achieving milestones before receiving more capital.

Protein Oral Delivery (POD) medical

"Lifeward is integrating Oramed’s proprietary Protein Oral Delivery (POD™) technology platform while Oramed acquires a significant equity ownership interest"

A protein oral delivery (POD) system is a technology or formulation designed to let therapeutic proteins and similar large-molecule drugs be taken as a pill instead of an injection, by protecting them from stomach acids and helping them be absorbed into the bloodstream. For investors, PODs matter because they can convert injected treatments into easier-to-use oral medicines, potentially expanding patient adoption, reducing administration costs, and creating new commercial opportunities, while carrying technical and regulatory risk.

biologic drugs medical

"focused on enabling oral delivery of biologic drugs that currently require injection."

Biologic drugs are medicines made from living cells or their products—such as proteins, antibodies or vaccines—rather than chemically synthesized small molecules. Because they are large, complex and produced in living systems, they behave more like handcrafted goods than factory-made widgets; that makes their development, manufacturing and regulation costlier and more sensitive to supply or quality issues, which in turn affects pricing, competitive barriers and investment risk and reward.

therapeutic proteins medical

"The POD™ technology is designed to allow therapeutic proteins, such as insulin, to be delivered orally"

Therapeutic proteins are medicines made from large, complex molecules—manufactured inside living cells—that either replace missing or faulty proteins, block harmful processes, or send signals to the body to fight disease. For investors, they matter because they can command high prices and long-term sales if proven safe and effective, but they also carry higher development and manufacturing costs and regulatory risk, so clinical success and production scale are key value drivers.

clinical development program medical

"Oramed will retain responsibility for managing and funding the POD™ platform’s clinical development program."

A clinical development program is the organized series of studies and trials that test a potential medicine or medical product in humans to evaluate safety, the right dose, and whether it works, usually moving through early to late stages required for regulatory approval. For investors it matters because the program sets the project’s timeline, costs, and key milestones—like checkpoints on a roadmap—where positive results can sharply increase value and failures or delays can sharply reduce it.

FDA-cleared regulatory

"existing FDA-cleared MedTech product portfolio, including the ReWalk® and AlterG® product lines"

FDA-cleared means a medical product—typically a device or diagnostic—has passed a U.S. regulator’s review showing it is substantially similar to an existing approved product and is safe and effective for its intended use. For investors, clearance acts like an official safety stamp that lowers regulatory risk and can speed market access, comparable to getting a trusted roadworthy certificate before selling cars, which can make sales and adoption happen faster.

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Positions Lifeward as a diversified biomedical innovation company with clear path to profitability

Integration of Oramed’s POD™ oral delivery technology expands Lifeward into biotech markets while Oramed funds the platform’s clinical development

Provides Lifeward access to up to $47 million of capital

HUDSON, Mass. and YOKNEAM ILLIT, Israel, March 13, 2026 (GLOBE NEWSWIRE) -- Lifeward Ltd. (Nasdaq: LFWD) (“Lifeward” or the “Company”), a global leader in innovative medical technology to transform the lives of people with physical limitations or disabilities, today announced that its shareholders approved the issuances of ordinary shares of the Company in connection with closing of the Company’s previously announced strategic partnership agreement with Oramed Pharmaceuticals Inc. (Nasdaq: ORMP).

“This is a defining moment in Lifeward’s evolution,” said Mark Grant, President and CEO of Lifeward. “With this partnership now moving towards closing, we believe Lifeward is uniquely positioned to combine the strength of our proven medical technology platform with the long-term potential of the POD™ oral delivery technology. We are building a disciplined, diversified biomedical innovation company that we believe can deliver both near-term financial performance and meaningful long-term growth opportunities for shareholders.”

Grant continued, “We remain focused on driving profitability across our core neuro-rehabilitation business while selectively investing in complementary technologies that have the potential to reshape major therapeutic markets. This transaction provides the strategic foundation and financial framework to pursue that vision.”

Under the terms of the agreement, Lifeward is integrating Oramed’s proprietary Protein Oral Delivery (POD™) technology platform while Oramed acquires a significant equity ownership interest in Lifeward through a combination of ordinary shares and prefunded warrants. The investment structure provides Lifeward with potential access to up to approximately $47 million of capital from Oramed and another investor through equity, convertible notes, milestone-based funding, and warrant coverage.

Strengthening Lifeward’s Path to Profitability While Expanding Strategic Opportunities

The strategic partnership is intended to provide Lifeward with additional financial resources and strategic flexibility as it continues to execute on its path to profitability driven by its established medical technology product portfolio, including the ReWalk^® exoskeleton and AlterG^® anti-gravity systems, as well as its recently acquired powered upper body exoskeleton.

At the same time, the integration of the POD™ platform will give Lifeward exposure to a large and expanding biotechnology opportunity focused on enabling oral delivery of biologic drugs that currently require injection.

The POD™ technology is designed to allow therapeutic proteins, such as insulin, to be delivered orally by enabling them to pass through the gastrointestinal tract and into the bloodstream, potentially transforming treatment approaches for multiple chronic diseases.

The POD™ platform has already been evaluated in clinical development programs focused on diabetes, including ORMD-0801, a potential oral insulin therapy. Diabetes alone represents a global market exceeding $80 billion annually, with injectable insulin representing a substantial portion of that market.

Under a clinical trial management agreement to be entered into at closing, Oramed will retain responsibility for managing and funding the POD™ platform’s clinical development program. This structure will allow Lifeward to maintain operational focus on growing its existing MedTech business while retaining meaningful exposure to the potential upside of the biotechnology platform.

Framework for a Diversified Biomedical Company

With the closing of the transaction, Lifeward will become a biomedical portfolio company focused on three core priorities:

• Driving sustainable profitability from its existing FDA-cleared MedTech product portfolio, including the ReWalk^® and AlterG^® product lines
• Deploying capital selectively toward innovative assets with defined development milestones and strong risk-adjusted return potential—the recent acquisition of a powered upper body exoskeleton with AI capabilities designed to restore function to stroke survivors is a prime example of technology-platform fit that is expected to be highly accretive
• Building a diversified biomedical portfolio that balances near-term revenue generation with long-term biotechnology innovation opportunities

Lifeward anticipates closing the transaction following the satisfaction of additional customary closing conditions.

About Lifeward

Lifeward designs, develops, and commercializes life-changing solutions that span the continuum of care in physical rehabilitation and recovery, delivering proven functional and health benefits in clinical settings as well as in the home and community. Our mission at Lifeward is to relentlessly drive innovation to change the lives of individuals with physical limitations or disabilities. We are committed to delivering groundbreaking solutions that empower individuals to do what they love. The Lifeward portfolio features innovative products including the ReWalk Exoskeleton, the AlterG Anti-Gravity system, the MyoCycle FES System, and the ReStore Exo-Suit.

Founded in 2001, Lifeward has operations in the United States, Israel, and Germany. For more information on the Lifeward mission and product portfolio, please visit GoLifeward.com.

Lifeward^®, ReWalk^®, ReStore^® and Alter G^® are registered trademarks of Lifeward Ltd. and/or its affiliates.

Forward-Looking Statements

In addition to historical information, this press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1933, and Section 21E of the U.S. Securities Exchange Act of 1934 concerning Lifeward, Oramed, the strategic investment and partnership agreement with Oramed (collectively, the “Proposed Transactions”) and other matters. Such forward-looking statements may include projections regarding the Company's future performance and other statements that are not statements of historical fact and, in some cases, may be identified by words like "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "future," "will," "should," "would," "seek" and similar terms or phrases. The forward-looking statements contained in this press release are based on management's current expectations, which are subject to uncertainty, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. Important factors that could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements include, among others: Lifeward’s and Oramed’s management teams’ expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding: the structure, timing and completion of the Proposed Transactions; perceived benefits or opportunities of the Proposed Transactions; timing of closing of the Proposed Transactions, expected proceeds, expectations regarding the use of proceeds, and impact on ownership structure; the anticipated timing of the closing; the future operations of Lifeward, including research and development activities; the nature, strategy and focus of Lifeward; anticipated clinical drug development activities and related timelines, and other clinical results; the sufficiency of post-transaction resources to support the advancement of Lifeward’s pipeline through certain milestones and the time period over which Lifeward’s post-transaction capital resources will be sufficient to fund its anticipated operations; unexpected costs, charges or expenses resulting from the Proposed Transactions; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the Proposed Transactions; and legislative, regulatory, political and economic developments; the acceptance of the ReWalk 7 Personal Exoskeleton by healthcare professionals and patients; uncertainties associated with future clinical trials and the clinical development process, the product development process and FDA regulatory submission review and approval process; the Company's ability to have sufficient funds to meet certain future capital requirements, which could impair the Company's efforts to develop and commercialize existing and new products; the Company's ability to maintain and grow its reputation and the market acceptance of its products; the Company's ability to achieve reimbursement from third-party payors, including CMS, for its products; the Company's limited operating history and its ability to leverage its sales, marketing and training infrastructure; the Company's expectations as to its clinical research program and clinical results; the Company's expectations regarding future growth, including its ability to increase sales in its existing geographic markets and expand to new markets; the Company's ability to obtain certain components of its products from third-party suppliers and its continued access to its product manufacturers; the Company’s ability to navigate any difficulties associated with moving production of its AlterG Anti-Gravity Systems to a contract manufacturer and transitioning the manufacturing of its ReWalk products to its in-house manufacturer; the Company's ability to improve its products and develop new products; the Company's compliance with medical device reporting regulations to report adverse events involving the Company's products, which could result in voluntary corrective actions or enforcement actions such as mandatory recalls, and the potential impact of such adverse events on the Company's ability to market and sell its products; the Company's ability to gain and maintain regulatory approvals; the Company's ability to maintain adequate protection of its intellectual property and to avoid violation of the intellectual property rights of others; the risk of a cybersecurity attack or breach of the Company's IT systems significantly disrupting its business operations; the Company's ability to use effectively the proceeds of its offerings of securities; and other factors discussed under the heading "Risk Factors" in the Company’s annual report on Form 10-K, as amended, for the year ended December 31, 2024 filed with the SEC and other documents subsequently filed with or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date hereof. Factors or events that could cause the Company’s actual results to differ from the statements contained herein may emerge from time to time, and it is not possible for the Company to predict all of them. Except as required by law, the Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.

Contact:
Almog Adar
Chief Financial Officer
Lifeward
E: media@golifeward.com
E: ir@golifeward.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Lifeward (LFWD) shareholders approve on March 13, 2026?

Shareholders approved issuing ordinary shares to enable a strategic partnership with Oramed. According to the company, the approval clears issuance of shares tied to Oramed's equity stake and prefunded warrants, enabling the transaction to proceed toward closing under customary conditions.

How much capital can Lifeward (LFWD) access from the Oramed partnership?

Lifeward can access up to $47 million in capital through the partnership. According to the company, funding may come via equity, convertible notes, milestone-based funding, and warrant coverage from Oramed and another investor.

Who will fund and manage POD™ clinical development after closing?

Oramed will manage and fund the POD™ clinical program under a clinical trial management agreement. According to the company, this arrangement lets Lifeward focus operationally on its MedTech business while retaining upside exposure to POD™.

What MedTech products drive Lifeward’s near‑term profitability plans?

Lifeward intends to drive profitability from its ReWalk and AlterG product lines. According to the company, these FDA‑cleared products, plus a recently acquired powered upper‑body exoskeleton, form the established revenue base supporting strategic investments.

How does integrating POD™ change Lifeward’s business strategy (LFWD)?

Integration positions Lifeward as a diversified biomedical portfolio company blending MedTech and biotech. According to the company, priorities include sustaining MedTech profitability, selective capital deployment to innovation, and balancing short‑term revenue with long‑term biotech opportunities.

Does the Oramed deal create immediate risks for LFWD shareholders?

Yes; the transaction involves issuing shares that will dilute existing ownership and closing remains conditional. According to the company, shareholders approved the issuances, but the transaction is subject to additional customary closing conditions.