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September 5, 2015 / 21 Elul, 5775
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Posts Tagged ‘Diabetes’

Israeli Biotech Firm’s Diabetes Drug Passes FDA Phase 2 Trial

Thursday, January 30th, 2014

The U.S. Food and Drug Administration (FDA) has reported positive results in its Phase 2a trial of an oral insulin capsule produced by Israeli-based Oramed. The drug is for the treatment of Type 2 diabetes.

The Phase 2b study will be carried out later this year, and Oramed also plans a Phase 2a study for Type 1 diabetes.

Oramed’s stock jumped nearly 10 percent in NASDAQ trading in New York on Wednesday in after-hours trading following the announcement of the results of the trial.

“We are extremely pleased with the results, which give a solid validation for Oramed’s platform technology in general and our oral insulin program in particular,” said Nadav Kidron, Oramed’s chief executive.

Printed from: http://www.jewishpress.com/news/breaking-news/israeli-biotech-firms-diabetes-drug-passes-fda-phase-2-trial/2014/01/30/

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