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Oramed and Lifeward Announce Strategic Transaction
Oramed Pharmaceuticals Inc. (NASDAQ: ORMP) (TASE: ORMP) ("Oramed") and Lifeward Ltd. (NASDAQ: LFWD) ("Lifeward") today announced the signing of binding agreements for a strategic transaction between Oramed, Lifeward and a certain accredited investor. The transaction includes the transfer to Lifeward of Oramed's proprietary Protein Oral Drug POD™ delivery technology and Oramed obtaining 49.9% beneficial ownership interest in Lifeward upon the satisfaction of certain terms and conditions. In addit
About this update from Bristol-myers Squibb Company
[{"type":"text","content":"Transaction Will Transfer Oramed's Oral Drug Delivery Platform (POD™ Technology) to Lifeward and Positions Oramed as a Significant Shareholder","length":151,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Oramed will transfer POD™ platform to Lifeward while retaining management of clinical program","length":93,"tagName":"p"}]},{"val":[{"type":"text","content":"Oramed will receive 49.9% beneficial ownership interest in Lifeward, a revenue-generating medical robotics company, including warrants","length":134,"tagName":"p"}]},{"val":[{"type":"text","content":"Mark Grant, Lifeward CEO, with 25+ years experience in the diabetes sector at Medtronic and Bristol Myers Squibb, to lead combined platforms","length":140,"tagName":"p"}]},{"val":[{"type":"text","content":"In addition, strategic investment by Oramed designed to bring Lifeward towards profitability","length":92,"tagName":"p"}]},{"val":[{"type":"text","content":"Lifeward's FDA-approved ReWalk® and AlterG® products generated $26 million in last four quarters","length":100,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":559,"olType":false},{"type":"text","content":"NEW YORK, Jan. 13, 2026 /PRNewswire/ -- Oramed Pharmaceuticals Inc. (NASDAQ: ORMP) (TASE: ORMP) ("Oramed") and Lifeward Ltd. (NASDAQ: LFWD) ("Lifeward") today announced the signing of binding agreements for a strategic transaction between Oramed, Lifeward and a certain accredited investor. The transaction includes the transfer to Lifeward of Oramed's proprietary Protein Oral Drug POD™ delivery technology and Oramed obtaining 49.9% beneficial ownership interest in Lifeward upon the satisfaction of certain terms and conditions. In addition, Lifeward to issue $10 million in senior secured convertible notes in a private placement, of which Oramed to invest $9 million, and an additional milestone-based $10 million senior secured convertible note, of which Oramed will invest $9 million, each with 100% warrant coverage. The transaction allows Oramed to significantly increase its ownership stake in Lifeward upon full conversion of the notes and exercises of the warrants.","length":1001,"tagName":"p"},{"type":"image","alt":"Oramed_Logo","displaySize":"","headline":null,"caption":"Oramed_Logo","className":"","disableSlideshowImg":false,"size"...