Press release
Oramed Granted NASH Patent in Europe
NEW YORK, April 5, 2022 /PRNewswire/ -- Oramed Pharmaceuticals Inc. (Nasdaq/TASE: ORMP), a clinical-stage pharmaceutical company focused on the development of
About this update from Oramed Pharmaceuticals Inc.
[{"type":"text","content":"NEW YORK, April 5, 2022 /PRNewswire/ -- Oramed Pharmaceuticals Inc. (Nasdaq/TASE: ORMP), a clinical-stage pharmaceutical company focused on the development of oral drug delivery platforms, today announced that the European Patent Office has granted the Company the patent titled \"Methods and Compositions for Treating NAFLD, Hepatic Steatosis, and Sequelae Thereof.\" This patent was previously granted to Oramed in the U.S. and is pending in several other major markets.\nOramed recently announced 100% enrollment in its Phase 2 trial which is assessing the safety and potential efficacy of its oral insulin ORMD-0801 in type 2 diabetes patients with non-alcoholic steatohepatitis (NASH). Data from a prior pilot study of ORMD-0801 in this indication showed a reduction in liver fat content. \nThe global market for drugs to treat NASH is expected to reach $84 billion by 2029, according to a publication by Research and Markets on the Global Non-Alcoholic Steatohepatitis (NASH) Drugs Market.\nAbout NASH\nNon-alcoholic steatohepatitis (NASH) is a serious, progressive liver disease caused by a buildup of fat in the liver and accompanied by inflammation, liver cell damage, and in some cases, scarring of the liver. Over time, NASH may progress to cirrhosis, liver cancer, liver failure, and even death. Currently, no pharmacotherapy is globally approved for the treatment of NASH, and people with NASH are left with very few treatment options.\nAbout Oramed Pharmaceuticals \nOramed Pharmaceuticals (Nasdaq/TASE: ORMP) is a platform technology pioneer in the field of oral delivery solutions for drugs currently delivered via injection. Established in 2006, with offices in the United States and Israel, Oramed has developed a novel Protein Oral Delivery (POD™) technology. Oramed is seeking to transform the treatment of diabetes through its proprietary lead candidate, ORMD-0801, which is being evaluated in two pivotal Phase 3 trials and has the potential to be the first commercial oral insulin capsule for the treatment of diabetes. In addition, Oramed is developing an oral GLP-1 (Glucagon-like peptide-1) analog capsule (ORMD-0901). \nFor more information, please visit www.oramed.com \nForward-looking statements: This press release contains forward-looking statements. For example, we are using forward-looking statements when we discuss the potential of O...