Oramed Pharmaceuticals Inc (ORMP)

[Fmello]

I had made an educated guess awhile back about where Oramed could set the price at for their insulin pill but there are some things that I don't know yet. Like how many units of injected insulin could be replaced with one 8mg insulin pill each night? So, for example, a diabetic that normally injects 40 units of insulin per day gets an Oramed prescription and it improves their A1c level to the point that they only need to inject 20 units per day. Will Oramed set the price of each pill to the cost of 20 units of injected insulin? If yes, then the costs would be:

One pill = $6.20
30-day supply = $186.00
1-year supply = $2,263.00

If one pill can replace 40 units of insulin, then double my estimate. The reality is if Oramed gets FDA approval, they'd have 12-years of exclusivity and they can set the price anywhere they damn well want. They could set the price per pill at $10...$20...$30...possibly higher. We won't know that variable until they actually announce the price.