Oramed Receives $18M Payment from Scilex Holdings
Oramed Pharmaceuticals announced it has received an $18M payment from Scilex Holdings, representing full satisfaction of obligations under the Option Agreement. This payment brings Oramed's current returns to $118M on its original $99.5M Scilex investment, with additional returns expected from the remaining convertible notes, warrants, and royalties. Oramed retains a $27M note and a $12M convertible note with Scilex, convertible at Oramed's option into Scilex equity at $36 per share. If not converted, the note will be repaid by Scilex in quarterly installments through October 2026. Oramed also maintains its warrant position as well as a nine-year royalty interest in Scilex products.
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- Quarterly Profit Performance: Oramed Pharmaceuticals reported a profit of $10 million in Q4, translating to a net income of $0.24 per share, indicating the company's stability and profitability in the market, although adjusted losses were $0.06 per share due to non-recurring gains.
- Annual Performance Review: For the year, the company achieved a profit of $64.1 million, or $1.50 per share, reflecting sustained growth despite only $2 million in revenue, highlighting a gap between profitability and revenue growth.
- Market Reaction Expectations: Despite low revenue, Oramed's profitability may attract investor interest, especially in the biopharmaceutical sector where improved profitability is often seen as a positive signal for future growth potential.
- Financial Health Status: The company demonstrates strong profitability despite revenue challenges, showcasing potential in cost control and operational efficiency, which may lay the groundwork for future investments and expansion.
- Partnership Announcement: LifeWard has successfully closed a strategic partnership with Oramed Pharmaceuticals.
- Focus on Innovation: The collaboration aims to enhance the development of innovative therapies, particularly in the field of diabetes treatment.

Shareholder Approval: LifeWard has received approval from its shareholders to proceed with a strategic partnership.
Partnership with Oramed: The partnership involves collaboration with Oramed, focusing on the development of diversified biomedical solutions.
- High Dividend Stocks: Oramed Pharmaceuticals (ORMP) offers a dividend yield of 7.61%, making it one of the most attractive investment options in the healthcare sector for investors seeking stable income.
- Reliable Income Sources: Embecta (EMBC) and Pfizer (PFE) provide dividend yields of 6.62% and 6.36%, respectively, indicating that the healthcare sector can still deliver reliable cash flow amidst market uncertainties.
- Additional High-Yield Stocks: DENTSPLY SIRONA (XRAY) and National Research (NRC) have dividend yields of 5.02% and 4.39%, respectively, further demonstrating the investment value of the healthcare sector in the current economic climate.
- Market Focus: With oil prices exceeding $100 per barrel and geopolitical tensions, investors are showing strong interest in high-dividend stocks within the healthcare sector, reflecting a demand for stable investment opportunities.
- Reverse Split Announcement: Lifeward has announced a 1-for-12 reverse stock split effective February 24, 2026, which will reduce outstanding shares from approximately 18.3 million to around 1.5 million, aimed at boosting the share price to comply with Nasdaq's $1.00 minimum bid requirement.
- Authorized Capital Increase: The board also approved increasing the authorized share capital to 100 million shares, providing greater flexibility for future financing and shareholder equity, despite the stock plummeting nearly 20% to an all-time low following the announcement.
- Historical Context: This marks Lifeward's second reverse split since March 2024, when a 1-for-7 split reduced outstanding shares from about 60.1 million to approximately 8.6 million, indicating ongoing adjustments in the company's capital management strategy.
- Partnership with Oramed: Lifeward has partnered with Oramed Pharmaceuticals to integrate its proprietary protein oral delivery technology, which could provide Lifeward with access to up to $47 million in capital, supporting future growth initiatives.
- Strategic Deal Signed: Oramed Pharmaceuticals and Lifeward have signed binding agreements involving the transfer of Oramed's Protein Oral Drug delivery technology, marking a significant advancement in innovative drug delivery.
- Equity Stake Increase: Oramed will obtain a 49.9% beneficial ownership interest in Lifeward upon satisfaction of certain terms, which is expected to significantly enhance its control and market influence over Lifeward.
- Financing Arrangement: Lifeward will issue $10 million in senior secured convertible notes, with Oramed investing $9 million, alongside an additional milestone-based $10 million note, further solidifying Oramed's financial involvement.
- Positive Market Reaction: In pre-market trading on NasdaqCM, Lifeward shares rose 21.5% to $0.77, reflecting positive market expectations and increased investor confidence regarding the transaction.









