JERUSALEM, October 23 Oramed Pharmaceuticals,Inc. (OTCBB: ORMP.OB) (http://www.oramed.com), a developer of alternativedrug delivery systems, announced today that it has received approval from theSouth Africa Medicines Control Council (MCC) to begin conducting Phase 1Atrials on eight healthy human volunteers for ORMD 0802, the company's newlydeveloped insulin suppository.
Oramed's Phase 1A trials on its insulin suppository mark an importantstep in the history of insulin delivery as it will provide a painless optionfor diabetics who seek an alternative to current delivery methods. An insulinsuppository is especially important for small children and seniors, who oftenstruggle with injections.
"The Phase 1A trial of our insulin suppository is a natural expansion ofOramed's pursuit and development of alternative insulin delivery systems,"said Oramed's CEO, Nadav Kidron. "By creating an insulin suppository, Oramedhopes to ensure that diabetics will be able to receive insulin in the formwhich is most suitable to their lifestyle and/or age."
This Phase 1A trial follows Oramed's announcement of its successful Phase2A clinical trials on its oral insulin capsule, ORMD 0801, which demonstratedthat the product has a strong safety profile and was well tolerated, as wellas being effective in lowering blood glucose levels, in patients with type 2diabetes.
About Oramed Pharmaceuticals
Oramed Pharmaceuticals is a technology pioneer in the field of oraldelivery solutions for drugs and vaccines presently delivered via injection.Oramed is seeking to revolutionize the treatment of diabetes through itspatented flagship product, an orally ingestible insulin capsule currently inphase 2 clinical trials. Established in 2006, Oramed's technology is based onover 25 years of research by top research scientists at Jerusalem's HadassahMedical Center. The Company's corporate and R&D headquarters are based inJerusalem.
For more information, please visit http://www.oramed.com
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SOURCE Oramed Pharmaceuticals Inc.