$4.850
-0.164 (-3.39%)收盘时
ORMP 资讯
ORMP 事件
Lifeward Closes Strategic Partnership with Oramed
Lifeward (LFWD) announced that it has closed on the company's previously announced strategic partnership agreement with Oramed Pharmaceuticals (ORMP). The transaction has positioned Lifeward as a diversified biomedical innovation company with an expected clear path to profitability. Lifeward acquired Oramed's clinical-stage Protein Oral Delivery technology, adding exposure to a large, long-term biotech market opportunity. Through the new partnership, Lifeward has access to up to $47M of capital from Oramed and certain investors, and on March 25, Lifeward accessed $10M of such capital.
Lifeward Shareholders Approve Partnership with Oramed
Lifeward (LFWD) announced that its shareholders approved the issuances of ordinary shares of the Company in connection with closing of the Company's previously announced strategic partnership agreement with Oramed Pharmaceuticals (ORMP). "This is a defining moment in Lifeward's evolution," said Mark Grant, President and CEO of Lifeward. "With this partnership now moving towards closing, we believe Lifeward is uniquely positioned to combine the strength of our proven medical technology platform with the long-term potential of the POD oral delivery technology. We are building a disciplined, diversified biomedical innovation company that we believe can deliver both near-term financial performance and meaningful long-term growth opportunities for shareholders."
Lifeward Enters Strategic Partnership with Oramed
Lifeward (LFWD) announced that it has entered into a transformative strategic partnership with Oramed Pharmaceuticals (ORMP). The transaction, which has received unanimous approval from Lifeward's board of directors and is subject to shareholder approval, includes Lifeward integrating Oramed's proprietary protein oral delivery technology and Oramed acquiring up to a 49.99% equity ownership in Lifeward. The investment structure provides Lifeward with access to up to approximately $47 million of capital through equity, convertible notes, milestone-based funding, and warrant coverage. This capital framework is designed to support Lifeward's path to profitability while enabling selective investment in high-value innovation. Under a clinical trial management agreement, Oramed will retain responsibility for managing and funding the anticipated POD clinical program. This structure allows Lifeward to maintain operational focus on profitability and cash generation, while retaining exposure to the potential upside of a large-scale biotech opportunity.
Oramed and Lifeward Sign Binding Strategic Transaction Agreement
Oramed (ORMP) and Lifeward (LFWD) signed binding agreements for a strategic transaction between Oramed, Lifeward and a certain accredited investor. The transaction includes the transfer to Lifeward of Oramed's proprietary Protein Oral Drug POD delivery technology and Oramed obtaining 49.9% beneficial ownership interest in Lifeward upon the satisfaction of certain terms and conditions. In addition, Lifeward to issue $10M in senior secured convertible notes in a private placement, of which Oramed to invest $9M, and an additional milestone-based $10M senior secured convertible note, of which Oramed will invest $9M, each with 100% warrant coverage. The transaction allows Oramed to significantly increase its ownership stake in Lifeward upon full conversion of the notes and exercises of the warrants. Upon consummation of the transaction, Lifeward will acquire Oramed's complete POD technology. Under a clinical trial management agreement, Oramed is expected to manage the upcoming anticipated trial. Oramed will receive 4% on net sales of the ReWalk franchise for up to 10 years. The transaction is contingent upon certain customary closing conditions, including, among others, the receipt of the requisite approval of Lifeward's shareholders, and with respect to the additional notes, the achievement of certain revenue based or share price based milestones.
Oramed Receives $18M Payment from Scilex Holdings
Oramed Pharmaceuticals announced it has received an $18M payment from Scilex Holdings, representing full satisfaction of obligations under the Option Agreement. This payment brings Oramed's current returns to $118M on its original $99.5M Scilex investment, with additional returns expected from the remaining convertible notes, warrants, and royalties. Oramed retains a $27M note and a $12M convertible note with Scilex, convertible at Oramed's option into Scilex equity at $36 per share. If not converted, the note will be repaid by Scilex in quarterly installments through October 2026. Oramed also maintains its warrant position as well as a nine-year royalty interest in Scilex products.
本页仅供研究参考，不构成投资建议。模型可能出错。过往表现不代表未来结果。