JERUSALEM, July 11, 2012 /PRNewswire/ --
Technology to orally administer medications offers far-reaching impact in healthcare industry
Announcing its third patent approval since the beginning of the calendar year, Oramed Pharmaceuticals Inc. (OTCBB:ORMP.OB) (www . oramed . com), a developer of oral drug delivery systems, announced today that its patent, titled "Methods and Compositions for Oral Administrations of Proteins," was approved by the New Zealand Patent Office. This patent covers a core concept in the Company's technology and is Oramed's second patent to be granted in New Zealand, the first being that of its "Methods in the Oral Administration of Exenatide." Oramed's portfolio now consists of 4 issued patents and 33 patents pending for its technologies and products.
The current method of administration for peptide-formulated medications is most often via injection. The ability to administer these medications orally offers far-reaching impact on patient compliance and health costs with potential to traverse a broad range of ailments and drug therapies, including diabetes medications, vaccines, and others. Oramed is currently applying its oral delivery technology to its two flagship products - an oral insulin capsule (ORMD-0801) and an oral GLP-1 analog capsule (ORMD-0901) - both of which are indicated for diabetes.
About Oramed Pharmaceuticals
Oramed Pharmaceuticals is a technology pioneer in the field of oral delivery solutions for drugs and vaccines currently delivered via injection.
|SOURCE Oramed Pharmaceuticals Inc.|
Copyright©2012 PR Newswire.
All rights reserved