Oramed
Pharmaceuticals, Inc. (OTCBB: ORMP.OB) (oramed), a developer
of oral delivery systems, announced that it has commenced Phase 2A
studies of ORMD 0801, its oral insulin capsule, on Type 1 diabetics at the
Hadassah University Medical Center in Jerusalem, Israel.
Oramed's Phase 2A trial is focused on assessing the safety and efficacy
of its oral insulin capsule on nine Type 1 diabetes patients.
The start of this clinical trial on Type 1 Diabetic patients follows
completion by the company of similar trials on Type 2 diabetic patients,
which demonstrated that ORMD 0801 had a good safety profile and was
effective in lowering blood glucose levels without any serious adverse
events.
"The commencement of trials of our oral insulin capsule on Type 1
diabetics signals another major step forward for our company in the
treatment of diabetes," said Nadav Kidron, Oramed CEO. "The successful
results from our trials on Type 2 diabetics were very encouraging and we
hope to achieve similar results from our Type 1 trials as well."
About Oramed Pharmaceuticals
Oramed Pharmaceuticals is a technology pioneer in the field of oral
delivery solutions for drugs and vaccines presently delivered via
injection. Oramed is seeking to revolutionize the treatment of diabetes
through its patented flagship product, an orally ingestible insulin capsule
currently in Phase 2 clinical trials. Established in 2006, Oramed's
technology is based on over 25 years of research by top research scientists
at Jerusalem's Hadassah Medical Center. The Company's corporate and R&D
headquarters are based in Jerusalem.
For more information, please visit oramed
Forward Looking Statements
Some of the statements contained in this press release are
forward-looking statements which involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the company, or industry results, to be
materially different from any future results, performance or achievements
expressed or implied by such forward looking statements, including the
risks and uncertainties related to the progress, timing, cost, and results
of clinical trials and product development programs; difficulties or delays
in obtaining regulatory approval for our product candidates; competition
from other pharmaceutical or biotechnology companies; and the company's
ability to obtain additional funding required to conduct its research,
development and commercialization activities. Please refer to the company's
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list of risk factors that could cause actual results, performance or
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