Lifeward to partner with Oramed in deal providing access to up to USD 47 million

Reuters03-13
Lifeward to partner with Oramed in deal providing access to up to USD 47 million

Lifeward shareholders approved the issuance of ordinary shares tied to a strategic partnership with Oramed. Under the agreement, Lifeward will integrate Oramed’s POD oral delivery technology, and Oramed will obtain a significant equity interest through ordinary shares and prefunded warrants. The investment structure provides Lifeward potential access to up to 47 million of capital through equity, convertible notes, milestone-based funding, and warrant coverage. Oramed is expected to manage and fund the POD platform’s clinical development under a clinical trial management agreement to be entered into at closing. The transaction is expected to close after customary closing conditions are satisfied.

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