Alpha Tau Announces Closing of $36.9 Million Registered Direct Offering and Strategic Marketing Alliance with Oramed Pharmaceuticals
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 28 2025
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Source: Newsfilter
Alpha Tau Medical's Offering: Alpha Tau Medical Ltd. has successfully closed a registered direct offering, raising approximately $36.9 million by selling over 14 million ordinary shares to an affiliate of Oramed Pharmaceuticals at $2.612 per share, with plans to use the proceeds for corporate purposes and product development.
Strategic Partnership: The partnership with Oramed includes strategic services in investor and public relations, enhancing Alpha Tau's capabilities as it expands its clinical trials and manufacturing operations related to its innovative cancer therapy, Alpha DaRT.
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About ORMP
Oramed Pharmaceuticals Inc. is a pharmaceutical company engaged in the research and development of pharmaceutical solutions with a technology platform. The Company has developed an oral dosage form intended to withstand the harsh environment of the stomach and effectively deliver active biological insulin or other proteins. Its Protein Oral Delivery (POD) technology is designed to protect drug integrity and increase absorption. Its pipeline includes ORMD-0801 (Oral Insulin) Diabetes, ORMD-0801 (Oral Insulin) NASH, and ORMD 0901 (Oral GLP-1). Its oral insulin (ORMD-0801) has the potential to create a new paradigm in the treatment of diabetes through oral delivery of insulin at an earlier stage of treatment. Its oral insulin capsule (ORMD-0801) has shown a reduction of liver fat content in early clinical trials. It is also developing an oral Glucagon-like peptide-1 (GLP-1) analog capsule (ORMD-0901), which is an incretin hormone that stimulates the secretion of insulin from the pancreas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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