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Oramed gets $5.2mm via private placement

Executive Summary

Oramed Pharmaceuticals (oral insulin for diabetes) raised $5.2mm through the private placement of 8.67mm common shares priced at $0.60 each (a 5% discount) to twenty-nine accredited investors led by Montaur Capital Partners. Investors also received three-year warrants to buy another 4.26mm shares exercisable at $0.90 each.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
    • Drug Delivery
    • Vaccines
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement
    • Private Investment in Public Equity

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