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Oramed Pharmaceuticals Granted Core Technology Patent in New Zealand
Date:5/29/2012

JERUSALEM, May 29, 2012 /PRNewswire/ --

Oramed Pharmaceuticals Inc. (OTCBB: ORMP.OB) (http://www.oramed.com), a developer of oral drug delivery systems, announced today that it has received approval for a key patent by the New Zealand Patent Office. The patent, entitled "Methods and Compositions for Oral Administration of Exenatide," covers oral exenatide compositions made using the company's technology. Oramed's portfolio now consists of three issued patents and 34 patents pending for its technologies and products.

Exenatide is a GLP-1 analogue, and is a highly effective medication for the management of Type 2 diabetes (T2DM). The physiological pathways it engages to lower blood glucose levels generate a sparing impact on the pancreatic beta cells, blunting their gradual exhaustion - a typical marker of late-stage T2DM. In addition to the drug's intrinsic benefits, results with Oramed's oral exenatide formula did not induce nausea among volunteers - a debilitating side effect of exenatide injections - presenting  an advantage that could have a considerable impact on the use of this drug. Trials evaluating the safety and efficacy Oramed's GLP-1 analog formulation in diabetic patients are planned to commence in Q3 2012. 

Nadav Kidron, CEO of Oramed, commented: "We are very pleased with this news regarding our third patent approval and the inclusion of New Zealand in our global patent network. This particular patent - the first on our oral exenatide formulation - allows Oramed to gain yet more ground in the biotechnology world. We look forward to more patents being approved in the future."

About Oramed Pharmaceuticals

Oramed Pharmaceuticals is a technology pioneer in the field of oral delivery solutions for drugs and vaccines currently delivered via injection.

Established in 2006, Oramed's technology is based on over 25 years of research by top research scie
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SOURCE Oramed Pharmaceuticals Inc.
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