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Lifeward Enters Transformative Strategic Investment and Partnership Agreement with Oramed to Create a Diversified Biomedical Innovation Company
Globenewswire· 2026-01-13 13:00
Core Insights - Lifeward is positioning itself as a MedTech platform with a clear path to profitability and long-term Biotech potential through a strategic partnership with Oramed Pharmaceuticals [1][2] Investment and Financial Structure - Lifeward will receive up to $47 million in strategic investment from Oramed and another investor, which includes equity, convertible notes, milestone-based funding, and warrant coverage [2][14] - The investment structure aims to support Lifeward's journey to profitability while allowing for selective investments in high-value innovations [2] Technology Acquisition - Lifeward is acquiring Oramed's Protein Oral Delivery (POD™) technology, which targets the $600+ billion injectable drugs market, including the potential for ORMD-0801 to become the first commercialized oral insulin [1][3] - The POD™ technology is designed to transform injectable biological therapies into oral medications, addressing a significant market opportunity in diabetes and other metabolic diseases [3][10] Clinical Development and Management - Oramed will manage and fund the clinical development of the POD™ technology, allowing Lifeward to focus on profitability and cash generation while retaining exposure to biotech opportunities [4][8] - The POD™ technology has shown promise in clinical trials, with the lead drug candidate ORMD-0801 achieving significant results in reducing HbA1c levels [12] Strategic Goals and Diversification - The partnership with Oramed marks the beginning of Lifeward's broader diversification strategy across medical technology and biotechnology [5] - Lifeward aims to achieve sustainable profitability from existing FDA-approved products while building a balanced biomedical portfolio that combines near-term revenue with long-term biotech innovation [6][7]
Gilead and U.S. Government Enter Agreement to Lower Costs of Medicines for Americans
Businesswire· 2025-12-19 19:21
Core Viewpoint - Gilead Sciences, Inc. has entered into an agreement with the U.S. government aimed at reducing drug costs for Americans, emphasizing the company's commitment to innovation, affordability, and global health leadership [1][2]. Group 1: Agreement Details - The three-year agreement addresses President Trump's requests for a new pricing strategy that prioritizes American patients, ensuring the U.S. does not bear a disproportionate share of global healthcare costs [2][8]. - Key components of the agreement include discounts on certain existing medicines within the U.S. Medicaid program, pricing future medicines at parity with other developed nations, and launching a Direct-to-Patient Program for Gilead's Hepatitis C treatment, Epclusa [8]. Group 2: Financial Impact and Investments - Gilead anticipates that the financial impact of the agreement will be manageable starting in 2026 and beyond [3]. - The company plans to invest $32 billion in U.S.-based manufacturing, R&D, and infrastructure over the next five years, which is projected to generate $43 billion in national economic value and create over 3,000 direct and indirect jobs [5]. Group 3: Global Health Commitment - The agreement reinforces America's leadership in global health and biomedical innovation, building on Gilead's partnership with the U.S. Department of State to provide its HIV prevention medicine, lenacapavir, at no profit to up to two million individuals in severely affected countries over the next three years [4].