The story
Oramed Pharmaceuticals was founded in 2006 by Miriam Kidron, a scientist at the Hadassah University Hospital in Jerusalem, and her son Nadav Kidron.
From Wikipedia’s article on Oramed, shared under CC BY-SA 4.0.6
ORMP on Nasdaq
Logo: Oramed Pharmaceuticals, Public domain, via Wikimedia Commons4
Pharmaceutical company of Israel
Oramed Pharmaceuticals Inc. (Hebrew: אורמד), is a publicly traded company engaged in the development of oral drug delivery systems – most notably an oral insulin capsule for treating type 2 diabetes.3 From Wikipedia, CC BY-SA 4.0
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Last updated Oct 18, 2026.
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Oramed Pharmaceuticals Inc. (Hebrew: אורמד), is a publicly traded company engaged in the development of oral drug delivery systems – most notably an oral insulin capsule for treating type 2 diabetes. The company was founded in 2006 and is headquartered in Jerusalem. Its shares are listed on the NASDAQ Capital Market and the Tel Aviv Stock Exchange.3
From the company’s reports to the SEC. Every number links to the filing it came from.
Out of $2.0M in revenue.7
Every line of the income statement as filed: the last 2 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| REVENUES | $2.0M | |
| COST OF REVENUE | -$2.0M | |
| GROSS PROFIT | $13.0K | |
| RESEARCH AND DEVELOPMENT EXPENSES | -$6.4M | -$6.3M |
| GENERAL AND ADMINISTRATIVE EXPENSES | -$8.7M | -$6.5M |
| OPERATING LOSS | -$15.1M | -$12.8M |
| OTHER INCOME, NET | $958.0K | |
| INTEREST EXPENSES (note 12) | -$853.0K | |
| FINANCIAL INCOME (LOSS), NET (note 17) | $89.5M | -$2.3M |
| INCOME (LOSS) BEFORE TAX EXPENSES | $75.3M | -$15.9M |
| TAX EXPENSES | -$11.3M | -$3.2M |
| NET INCOME (LOSS) | $64.0M | -$19.1M |
| NON-CONTROLLING INTERESTS | -$34.0K | -$43.0K |
| COMPANYS STOCKHOLDERS | $64.0M | -$19.1M |
| BASIC INCOME (LOSS) PER SHARE OF COMMON STOCK (in Dollars per share) | $1.53 | -$0.48 |
| DILUTED INCOME (LOSS) PER SHARE OF COMMON STOCK (in Dollars per share) | $1.50 | -$0.48 |
| WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK USED IN COMPUTING BASIC INCOME (LOSS) PER SHARE OF COMMON STOCK (in Shares) | 41.4M shares | 40.9M shares |
| WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK USED IN COMPUTING DILUTED INCOME (LOSS) PER SHARE OF COMMON STOCK (in Shares) | 42.4M shares | 40.9M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.7
| Period ending | 2025-12-31 | 2025-10-31 | 2025-03-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $45.9M | $54.4M | |||
| Short-term deposits (note 2) | $11.0M | $55.3M | |||
| Marketable securities (note 3) | $5.4M | $3.4M | |||
| Investments at fair value (note 4,7) | $63.6M | $28.8M | |||
| Convertible note (note 9) | $4.6M | ||||
| Prepaid expenses and other current assets | $2.7M | $1.3M | |||
| Total current assets | $133.3M | $143.2M | |||
| Long-term deposits | $2.0K | $2.0K | |||
| Marketable securities (note 3) | $8.4M | ||||
| Investments at fair value (note 4,7) | $10.1M | $7.4M | |||
| Investment in associate at fair value (note 8) | $71.6M | ||||
| Loan to an equity method investee (note 6) | $553.0K | ||||
| Investment in real estate (note 5) | $1.9M | ||||
| Other non-marketable equity securities (note 10) | $3.6M | $3.5M | |||
| Amounts funded in respect of employee rights upon retirement | $44.0K | $32.0K | |||
| Property and equipment, net | $586.0K | $698.0K | |||
| Operating lease right of use assets | $750.0K | $414.0K | |||
| Total long-term assets | $97.6M | $12.1M | |||
| Total assets | $230.9M | $155.3M | |||
| Accounts payable and accrued expenses (note 11) | $6.2M | $5.1M | |||
| Payable to related parties (note 20) | $652.0K | $329.0K | |||
| Deferred income (note 8) | $1.4M | ||||
| Dividend Payable | $10.6M | ||||
| Operating lease liabilities | $285.0K | $216.0K | |||
| Total current liabilities | $19.1M | $5.7M | |||
| Long-term deferred revenues (note 13) | $2.0M | $4.0M | |||
| Long-term deferred income (note 8) | $1.3M | ||||
| Employee rights upon retirement | $39.0K | $30.0K | |||
| Operating lease liabilities | $540.0K | $156.0K | |||
| Dividend Payable | $275.0K | ||||
| Other liabilities | $60.0K | ||||
| Deferred tax liabilities (note 18) | $7.9M | ||||
| Total long-term liabilities | $12.0M | $4.2M | |||
| Common stock, $ 0.012 par value (60,000,000 authorized shares as of December 31, 2025 and December 31, 2024; 39,275,006 and 39,919,545 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively) | $472.0K | $480.0K | |||
| Additional paid-in capital | $322.7M | $322.4M | |||
| Accumulated deficit | -$123.4M | -$176.6M | |||
| Total stockholders equity | $199.7M | $146.3M | |||
| Non-controlling interests | -$918.0K | ||||
| Total equity | $199.7M | $145.3M | $162.9M | ||
| Total liabilities and equity | $230.9M | $155.3M | |||
| Common stock, par value (in Dollars per share) | $0.01 | $0.00 | $0.01 | ||
| Common stock, shares authorized (in Shares) | 60.0M shares | 60.0M shares | |||
| Common stock, shares issued (in Shares) | 39.3M shares | 1 shares | 39.9M shares | ||
| Common stock, shares outstanding (in Shares) | 39.3M shares | 39.9M shares |
| Period ending | 2025-12-31 | 2025-10-31 | 2025-03-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $45.9M | $54.4M | |||
| Short-term deposits (note 2) | $11.0M | $55.3M | |||
| Marketable securities (note 3) | $5.4M | $3.4M | |||
| Investments at fair value (note 4,7) | $63.6M | $28.8M | |||
| Convertible note (note 9) | $4.6M | ||||
| Prepaid expenses and other current assets | $2.7M | $1.3M | |||
| Total current assets | $133.3M | $143.2M | |||
| Long-term deposits | $2.0K | $2.0K | |||
| Marketable securities (note 3) | $8.4M | ||||
| Investments at fair value (note 4,7) | $10.1M | $7.4M | |||
| Investment in associate at fair value (note 8) | $71.6M | ||||
| Loan to an equity method investee (note 6) | $553.0K | ||||
| Investment in real estate (note 5) | $1.9M | ||||
| Other non-marketable equity securities (note 10) | $3.6M | $3.5M | |||
| Amounts funded in respect of employee rights upon retirement | $44.0K | $32.0K | |||
| Property and equipment, net | $586.0K | $698.0K | |||
| Operating lease right of use assets | $750.0K | $414.0K | |||
| Total long-term assets | $97.6M | $12.1M | |||
| Total assets | $230.9M | $155.3M | |||
| Accounts payable and accrued expenses (note 11) | $6.2M | $5.1M | |||
| Payable to related parties (note 20) | $652.0K | $329.0K | |||
| Deferred income (note 8) | $1.4M | ||||
| Dividend Payable | $10.6M | ||||
| Operating lease liabilities | $285.0K | $216.0K | |||
| Total current liabilities | $19.1M | $5.7M | |||
| Long-term deferred revenues (note 13) | $2.0M | $4.0M | |||
| Long-term deferred income (note 8) | $1.3M | ||||
| Employee rights upon retirement | $39.0K | $30.0K | |||
| Operating lease liabilities | $540.0K | $156.0K | |||
| Dividend Payable | $275.0K | ||||
| Other liabilities | $60.0K | ||||
| Deferred tax liabilities (note 18) | $7.9M | ||||
| Total long-term liabilities | $12.0M | $4.2M | |||
| Common stock, $ 0.012 par value (60,000,000 authorized shares as of December 31, 2025 and December 31, 2024; 39,275,006 and 39,919,545 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively) | $472.0K | $480.0K | |||
| Additional paid-in capital | $322.7M | $322.4M | |||
| Accumulated deficit | -$123.4M | -$176.6M | |||
| Total stockholders equity | $199.7M | $146.3M | |||
| Non-controlling interests | -$918.0K | ||||
| Total equity | $199.7M | $145.3M | $162.9M | ||
| Total liabilities and equity | $230.9M | $155.3M | |||
| Common stock, par value (in Dollars per share) | $0.01 | $0.00 | $0.01 | ||
| Common stock, shares authorized (in Shares) | 60.0M shares | 60.0M shares | |||
| Common stock, shares issued (in Shares) | 39.3M shares | 1 shares | 39.9M shares | ||
| Common stock, shares outstanding (in Shares) | 39.3M shares | 39.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | $64.0M | -$19.1M |
| Depreciation | $121.0K | $193.0K |
| Exchange differences and interest on deposits | $830.0K | -$2.7M |
| Changes in fair value of investments | -$86.1M | $7.4M |
| Stock-based compensation | $6.0M | $4.1M |
| Gain on amounts funded in respect of employee rights upon retirement | -$12.0K | -$5.0K |
| Change in accrued interest on short-term borrowings | -$1.5M | |
| Prepaid expenses and other current assets | -$998.0K | -$356.0K |
| Accounts payable, accrued expenses and related parties | $1.1M | $3.5M |
| Net changes in operating lease | $117.0K | $43.0K |
| Deferred revenues | -$2.0M | |
| Deferred income | -$105.0K | |
| Liability for employee rights upon retirement | $9.0K | $2.0K |
| Deferred tax liabilities | $7.9M | |
| Other liabilities | -$60.0K | -$14.0K |
| Total net cash used in operating activities | -$9.1M | -$8.4M |
| Purchase of property and equipment | -$9.0K | -$18.0K |
| Purchase of short-term deposits | -$10.9M | -$54.5M |
| Purchase of marketable securities | -$9.8M | |
| Investments at fair value | -$64.7M | -$1.3M |
| Purchase of convertible note | -$3.0M | |
| Proceeds from redemption of short-term deposits | $54.5M | $97.2M |
| Exercise of Closing Penny Warrants and Subsequent Penny Warrants | -$65.0K | |
| Proceeds from loan to an equity method investee | $6.3M | |
| Loan to investment in equity method | -$7.0M | |
| Real estate investment | -$1.9M | |
| Equity method investee | -$250.0K | |
| Proceeds from long-term deposits | $5.0K | |
| Proceeds from marketable securities | $2.9M | |
| Proceeds from long-term investments and marketable securities | $39.6M | $64.5M |
| Total net cash provided by investing activities | $5.4M | $105.8M |
| Repurchase and retirement of common stock | -$4.7M | -$2.5M |
| Loans repaid | -$49.5M | |
| Tax withholdings related to stock-based compensation settlements | -$2.0K | |
| Total net cash used in financing activities | -$4.7M | -$52.0M |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | -$30.0K | -$4.0K |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | -$8.5M | $45.4M |
| Interest paid | $2.3M | |
| Interest received | $4.6M | $7.4M |
| 2024 Refinancing Tranche A | -$21.6M | |
| 2024 Refinancing Tranche B | $25.0M | |
| Excise tax for repurchase and retirement of common stock | -$15.0K | -$10.0K |
| Recognition of operating lease right-of-use assets and liabilities | $600.0K | $58.0K |
| Waiver of loan granted to subsidiary | $952.0K | |
| Derecognition of right-of-use asset | -$26.0K | |
| Derecognition of lease liability | $23.0K | |
| Purchases of marketable securities not yet settled | $254.0K | |
| Dividends declared but not yet paid in cash | $10.9M | |
| Warrants received from Alpha Tau | $2.7M |
No quarter-by-quarter statement was filed.
Oramed Pharmaceuticals was founded in 2006 by Miriam Kidron, a scientist at the Hadassah University Hospital in Jerusalem, and her son Nadav Kidron.
From Wikipedia’s article on Oramed, shared under CC BY-SA 4.0.6
Who has led Oramed Pharmaceuticals, and when. Pick a name to see everywhere that person has worked.
Oramed considers its flagship product to be an oral insulin capsule developed to treat sufferers of type 2 diabetes. The Company is currently conducting Phase 3 trials, under the FDA, for oral insulin in Type 2 diabetes.
In addition to the oral insulin capsule, Oramed is developing an exenatide-based capsule designed to balance blood sugar levels and control appetite, and is conducting clinical trials for the treatment of NASH with oral insulin.
In 2021, Oramed created a subsidiary, Oravax Medical, to bring an oral Covid-19 vaccine to market.
In January 2023, a Phase 3 trial of Oramed's orally administered insulin for Type 2 diabetes patients failed, thus causing the share price to plunge. The company has mentioned that the pill worked for a subset of the population and will pursue a Phase 3 trial for that subset.
In May 2023, Ben Shapiro invested $4.7 million and was named to the board of directors.
On May 15, 2023, it was reported that Oramed's insulin pill was approved in China and will work with a Chinese firm to apply for marketing authorizations.
OraTech Pharmaceuticals is a joint venture formed by Oramed Pharmaceuticals and Hefei Tianhui Biotech, to commercialize its insulin capsule and is expected to list on the NASDAQ sometime in 2025.
From Wikipedia’s article on Oramed, shared under CC BY-SA 4.0.6
234 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 64 major events, 120 insider forms, 8 large holders, 20 other. The latest 20:
The 234 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 8 such filings since October 2021:
From Forms 4 and Schedules 13D and 13G filed with the SEC.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 84. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
4 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jan 10, 2025 | Brad KnottRepublican, House | Sale | $15,001 - $50,000 | −41.9% | Report |
| Jan 14, 2022 | Andrew R. GarbarinoRepublican, House | Sale | $1,001 - $15,000 | +128.2% | Report |
| Oct 1, 2021 | Andrew R. GarbarinoRepublican, House | Partial sale | $1,001 - $15,000 | +157.8% | Report |
| Apr 23, 2021 | Andrew R. GarbarinoRepublican, House | Buy | $1,001 - $15,000 | −142.5% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
The numbers on this page point here. Each one links to the record it came from.