Feb 13, 2019   SOURCE: PR NewsWire

Frost & Sullivan Publishes Q1 2019 Update on Oramed Pharmaceuticals Inc.

TEL AVIV, Israel, Feb 13, 2019 /PRNewswire/ -- The TASE analysis project was launched in 2016 in order to raise investor awareness to TASE listed technology and life-science companies and the markets in which these companies operate, thus creating appropriate pricing and increasing the exposure of investors from Israel and abroad. Its goal is to encourage investments in these companies by improving understanding of their industries and markets.

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Summary of Highlights 

    --  As of November 30, 2018 the company has cash, cash equivalents,
        short-term and long-term deposits, and marketable securities of $42.8M,
        enough to promote its strategic plan into 2019.
    --  Oramed's persistent and relatively successful focus on oral delivery for
        the diabetes drug market is a commercially promising strategy with the
        potential of clinical expansion into other segments in the future. By
        2025, the diabetes market size is projected to be about $170 billion
        with a CAGR of 12.7% (2020 to 2025). Oral delivery is projected to
        comprise about one third of the market.

    --  Q1 main updates:Through November 30, 2018, Oramed received aggregate
        milestone payments from its license agreement with HTIT totaling $17.5
        million. An additional milestone payment of $3 million was received in
        January 2019, amounting to a total of $33 million received to date from
        HTIT for both the licensing agreement and the investment in Oramed
        shares.
    --  ORMD-0901: In September 2018, the FDA cleared Oramed's IND application
        for human trials of ORMD-0901. In the first quarter of calendar year
        2019, the company initiated a Phase I pharmacokinetic trial which will
        evaluate the safety and pharmacokinetics of ORMD-0901 compared to
        placebo. This study is being conducted according to the IND and will be
        followed by a Phase II trial on type 2 diabetic patients which will be
        conducted in the United States under an IND.
    --  Financially, Oramed is stable with strong ability to promote its
        clinical and regulatory plans. From a clinical perspective, as planned,
        Oramed initiated the ORMD-0901 Phase I pharmacokinetic trial. We look
        for Phase II initiation in Q4 2019.
    --  As company activities are proceeding as planned, we maintain our
        valuation of Oramed's equity at $244.7M / NIS 920M; our target price
        estimation remains in a range between NIS 49.8 and NIS 56.6, a mean of
        NIS 53.2

For the full list of upcoming catalysts and more valuable insights on Oramed
Read the full report here.

About the company - Oramed Pharmaceuticals Inc. is a biomedical company engaged in pharmaceutical research and development of protein and peptide molecules, that are currently only available by injection. The company's initial pipeline targets the diabetes care market. The company advances two independent clinical programs that target the diabetes market: ORMD-0801, an oral insulin product, which aims to disrupt the treatment paradigm for type 2 diabetes, and decrease the number of insulin injections needed for type 1 diabetes; and ORMD-0901- an oral GLP-1 receptor agonist, which increases physiological insulin secretion.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us and start the discussion: Equity.Research@frost.com

Contact:

Kristi Cekani
Corporate Communications - Frost & Sullivan, Europe
P: +39.02.4851.6133
E: kristi.cekani@frost.com
http://www.frost.com

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SOURCE Frost & Sullivan