Welcome to our dedicated page for Oramed Pharmaceuticals news (Ticker: ORMP), a resource for investors and traders seeking the latest updates and insights on Oramed Pharmaceuticals stock.
Oramed Pharmaceuticals Inc (Nasdaq: ORMP) is transforming medication delivery through its pioneering oral protein therapeutics platform. This dedicated news hub provides investors and healthcare professionals with essential updates on clinical trials, strategic partnerships, and regulatory developments related to the company's innovative POD™ technology.
Access timely announcements about oral insulin progress, diabetes treatment innovations, and collaborative ventures like the OraTech partnership. Our curated collection features earnings reports, trial result disclosures, and manufacturing updates while maintaining strict compliance with financial disclosure standards.
Key content categories include:
- Clinical trial milestones for oral biologic therapies
- Technology licensing agreements
- Financial performance updates
- Strategic collaborations in drug development
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Oramed Pharmaceuticals has successfully closed a registered direct offering of 2,000,000 shares of common stock at $25 per share, yielding gross proceeds of $50 million. The funds will be utilized for working capital and general corporate purposes. The offering was facilitated by H.C. Wainwright & Co. and follows a previously filed shelf registration statement. Oramed is focused on oral drug delivery systems, particularly its lead candidate, ORMD-0801, which aims to provide a breakthrough oral insulin solution for diabetes treatment.
Oramed Pharmaceuticals, a clinical-stage pharmaceutical company, has announced a registered direct offering of 2,000,000 shares of common stock priced at $25 per share, aiming to raise $50 million in gross proceeds. The offering is expected to close on or about November 5, 2021. The funds will be used for working capital and general corporate purposes. H.C. Wainwright & Co. serves as the exclusive placement agent. This follows a previous shelf registration statement filed on July 15, 2021, which was declared effective on July 26, 2021.
Oramed Pharmaceuticals Inc. (Nasdaq: ORMP) announced that its subsidiary, Oravax Medical Inc., received clearance from the South African Health Products Regulatory Authority to initiate a Phase 1 clinical trial for its oral COVID-19 vaccine. This vaccine utilizes virus-like particle technology targeting three SARS-CoV-2 proteins, potentially enhancing efficacy against variants. The trial, which aims to simplify vaccine distribution by allowing self-administration, is set to begin shortly, with plans for a Phase 2/3 trial for emergency approval following successful results.
Oramed Pharmaceuticals (Nasdaq: ORMP) announced that CEO Nadav Kidron will present a company overview at the Cantor Fitzgerald Global Healthcare Conference, occurring virtually from September 27-30, 2021. Kidron's presentation is scheduled for September 30, 2021, at 12:00 P.M. Eastern time. Oramed is focused on developing innovative oral drug delivery systems, notably for diabetes treatment, with their lead candidate ORMD-0801 under pivotal Phase 3 studies.
Oramed Pharmaceuticals (Nasdaq: ORMP) has achieved over 50% patient enrollment in its Phase 2 trial for ORMD-0801, an oral insulin capsule aimed at treating non-alcoholic steatohepatitis (NASH) in Type 2 diabetes patients. The trial will measure key efficacy endpoints like liver fat content and fibrosis after 12 weeks. NASH represents a significant unmet medical need, with no current approved treatments. The global NASH drug market is projected to reach $84 billion by 2029, highlighting the potential for ORMD-0801 to address this issue.
Oramed Pharmaceuticals (Nasdaq: ORMP) announced that CEO Nadav Kidron will present a company overview at the H.C. Wainwright 23rd Annual Global Investment Conference on September 13, 2021. This virtual event will start at 7:00 a.m. Eastern time and can be viewed online. Oramed is focused on oral drug delivery, particularly its lead candidate ORMD-0801, which aims to be the first commercial oral insulin capsule for diabetes treatment, currently in pivotal Phase 3 studies.
Oramed Pharmaceuticals has announced the enrollment of over 25% of its target of 450 patients in the Phase 3 ORA-D-013-2 trial for its oral insulin capsule, ORMD-0801, aimed at treating type 2 diabetes. This trial is one of two ongoing Phase 3 trials approved by the FDA. The study will assess the efficacy of ORMD-0801 in improving glycemic control compared to placebo over 26 weeks, with a secondary aim to maintain control over 52 weeks. Results from the concurrent ORA-D-013-1 trial, which enrolled nearly 65% of its 675 patients, are expected in 2022.
Oramed Pharmaceuticals Inc. (Nasdaq: ORMP) announced the publication of a study in Diabetes, Obesity, and Metabolism evaluating the efficacy and safety of its oral insulin candidate ORMD-0801 for type 2 diabetes. The trial met its primary endpoint, demonstrating that ORMD-0801 effectively managed nighttime and 24-hour glycemia levels without increasing hypoglycemia risks compared to placebo. This study supports Oramed's efforts to develop the first commercial oral insulin capsule, as it undergoes two pivotal Phase 3 trials.
On August 9, 2021, Oramed Pharmaceuticals (Nasdaq: ORMP) announced that Chief Commercial Officer Michael Rabinowitz will present a company overview at the Canaccord Genuity's 41st Annual Growth Conference, taking place virtually from August 10-12, 2021. Rabinowitz's presentation is scheduled for August 12 at 11:30 a.m. Eastern and can be viewed online. Oramed is a clinical-stage pharmaceutical company specializing in oral drug delivery systems, focusing on its lead candidate ORMD-0801, aimed at transforming diabetes treatment.
Oramed Pharmaceuticals Inc. (Nasdaq: ORMP) announced that its majority-owned company Oravax Medical will present its oral COVID-19 vaccine during a Keynote Talk at the Arena International Vaccines Virtual Conference on August 5, 2021. The presentation, led by Oramed CEO Nadav Kidron, will cover the development of the world's first triple antigen oral SARS-CoV-2 vaccine that targets three virus surface proteins. This innovative approach aims to enhance effectiveness against current and future COVID-19 variants.
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