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TheFinalCD

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Re: conix post# 424

Monday, 12/28/2015 5:55:26 PM

Monday, December 28, 2015 5:55:26 PM

Post# of 1673
Oramed inks $12M stock purchase agreement
Dec 28 2015, 16:50 ET | About: Oramed Pharmaceuticals... (ORMP) | By: Douglas W. House, SA News Editor Contact this editor with comments or a news tip
Oramed Pharmaceuticals (NASDAQ:ORMP) enters into a Securities Purchase Agreement with Hefei Tianhui Incubation of Technologies Co., Ltd. (HTIT) under which the company will sell 1,155,367 shares of common stock to HTIT for ~$10.39 per share.Separately, the company and HTIT inked an Amended and Restated Technology License Agreement to replace the original November 30 contract, although the material terms remain unchanged. Oramed will receive its upfront payment of $3M next month.Previously: Oramed inks $50M marketing deal for oral insulin capsule in China; shares up 19% premarket (Nov. 30)


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