Press release
Oramed Pharmaceuticals Issues Shareholder Update
NEW YORK, Feb. 9, 2023 /PRNewswire/ -- Oramed Pharmaceuticals Inc. (Nasdaq: ORMP) (TASE: ORMP) (www.oramed.com), announced today that it continues to conduct
About this update from Oramed Pharmaceuticals Inc.
[{"type":"text","content":"NEW YORK, Feb. 9, 2023 /PRNewswire/ -- Oramed Pharmaceuticals Inc. (Nasdaq: ORMP) (TASE: ORMP) (www.oramed.com), announced today that it continues to conduct a comprehensive analysis of the data from its discontinued Phase 3 oral insulin trials. In addition, management and the Board of Directors are examining the Company's existing pipeline and conducting a comprehensive review of strategic alternatives focused on enhancing shareholder value.\nAs part of this review process, Oramed will explore potential strategic alternatives that may include, but are not limited to, an acquisition, merger, business combination, or other transaction. Oramed has not set a timetable for completion of this review process. There can be no assurance that this process will result in any such transaction and the Company does not intend to disclose additional details unless and until it has entered into a specific transaction.\n\"Over the coming month, our clinical team will continue its deep dive into the unblinded Phase 3 data to assess the optimal way to move forward with our oral insulin assets as well as our platform technology,\" stated Chief Executive Officer, Nadav Kidron. \"Concurrently, our management team and Board are also evaluating a broader range of strategic opportunities to enhance shareholder value.\"\nAbout Oramed Pharmaceuticals\nOramed Pharmaceuticals (Nasdaq: ORMP) (TASE: ORMP) is a platform technology pioneer in the field of oral delivery solutions for drugs currently delivered via injection. The Company's novel Protein Oral Delivery (POD™) technology is designed to protect drug integrity and increase absorption. Oramed has offices in the United States and Israel. For 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 our future strategy, potential strategic alternatives, plans and prospects, providing further clinical and business updates based on additional analyses, and our discontinuation of clinical trial activities for ORMD-0801. These forward-looking statements are based on the current expectations of the management of Oramed only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward...