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 The leading web portal for pharmacy resources, news, education and careers March 23, 2019
Pharmacy Choice - Pharmaceutical News - Oramed Receives Additional $3 Million Milestone Payment from HTIT [Tehran Times (Iran)] - March 23, 2019

Pharmacy News Article

 1/10/19 - Oramed Receives Additional $3 Million Milestone Payment from HTIT [Tehran Times (Iran)]

Oramed Pharmaceuticals Inc. (NASDAQ: ORMP) (TASE: ORMP) (, a clinical-stage pharmaceutical company focused on the development of oral drug delivery systems, announced today that it has received a milestone payment of $3 million from Hefei Tianhui Incubator of Technologies Co. Ltd. (HTIT). This milestone is part of a previously-announced license and investment agreement between Oramed and HTIT.

"China is currently the largest single diabetes population in the world," stated Oramed CEO Nadav Kidron. "We are very pleased with the continuing development of our partnership with HTIT in bringing ORMD-0801 to this important market."

(c) 2019 TehranTimes. All Rights Reserved. Provided by SyndiGate Media Inc. (

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