TEL AVIV, Israel, May 9, 2018 /PRNewswire/ -- The TASE analysis project was launched in 2016 in order to raise investors'
In order to maintain professional, independent and unbiased analysis, the companies signed an agreement with the TASE to receive the analysis services for an obligatory period of two years. The companies cannot withdraw from the project during this period. The analysis is funded by the companies surveyed with funding from the Chief Scientist and the TASE.
Summary of Highlights
Oramed released its quarterly report for the period ending 28 February 2018 on 9 April, 2018 detailing the following:
A strong financial position with sufficient capital to fund scheduled clinical trials and associated expenses.
Revenues from licensing deals with no cost of revenues have partially offset heavy R&D expenses to reduce Oramed's burn rate ahead of critical clinical milestones.
We maintain our valuation as per our Initiation of coverage report of 23 December 2017. Oramed's estimated equity value remains $200.7M / NIS 708.3M corresponding to a target price ranging between NIS 49.8 and NIS 56.6; a mean of NIS 53.2.
About the company - Oramed Pharmaceuticals Inc. (NASDAQ/TASE: ORMP) (hereinafter 'Oramed') 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.
Read the full report here.
About Frost & Sullivan
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Kristi CekaniCorporate Communications - Frost & Sullivan, EuropeP: +39.02.4851.6133E: firstname.lastname@example.org://www.frost.com
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SOURCE Frost & Sullivan
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