Oral insulin fails badly leaving unclear way forward for Oramed

13 January 2023

A Phase III trial miss has hollowed out the share price of Israel-headquartered clinical-stage diabetes specialist Oramed Pharmaceuticals (Nasdaq: ORMP).

The company has been pinning its hopes on the development of an oral formulation of insulin, ORMD-0801, but the failure of the ORA-D-013-1 study has shaken the firm’s prospects significantly.

The trial did not meet its primary endpoint or secondary endpoint, and Oramed confirmed that it “expects to discontinue” its oral insulin clinical activities for type 2 diabetes.

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