Oramed Pharmaceuticals Granted Approval To Conduct Phase 2A Trials Of Its Oral Insulin Capsule

Oramed Pharmaceuticals Inc. has been granted approval by the Institutional Review Board (IRB) committee of Hadassah Medical Center in Jerusalem to conduct a Phase 2A study of its oral insulin on diabetic volunteers. This Phase 2A study is designed to evaluate the safety and efficacy of Oramed's oral insulin capsule on Type II diabetic volunteers. This study is slated to begin in the second quarter of 2008. The trials are expected to last several months.

"Oramed's oral insulin aims to revolutionize the current methods of treating diabetes," said Nadav Kidron, CEO of Oramed Pharmaceuticals. "An effective oral insulin capsule would make insulin an earlier form of treatment for diabetes patients, thereby allowing them to better control and balance their disease, leading to a healthier overall condition."

About Oramed Pharmaceuticals

Oramed Pharmaceuticals is an Israeli-based company focused on the development of oral delivery solutions based on proprietary technology. Diabetes is one of the most rapidly growing diseases in the world and is one that requires constant and often unpleasant monitoring and drug therapy regimens. Oramed is currently developing an orally ingestible insulin capsule for the treatment of diabetes. The company is also pursuing the development of oral delivery solutions for other drugs and vaccines.