Oramed Pharmaceuticals Appoints Chief Legal Officer
Oramed Pharmaceuticals (Nasdaq: ORMP) has appointed Netanel Derovan as Chief Legal Officer and Company Secretary, effective January 9, 2022. Derovan, with over 20 years in senior legal roles, previously served at Teva Pharmaceutical Industries and Goldfarb Seligman. His expertise is expected to bolster Oramed's corporate strategy. CEO Nadav Kidron expressed confidence in Derovan's operational skills contributing to the company's growth, particularly as it approaches significant milestones.
- Netanel Derovan's extensive legal experience, particularly at Teva, may bring valuable insights to Oramed.
- The appointment is expected to strengthen Oramed's executive team and corporate strategy.
- Concerns may arise regarding continuity during the transition period as Derovan assumes his new role.
NEW YORK, Dec. 8, 2021 /PRNewswire/ -- Oramed Pharmaceuticals Inc. (Nasdaq: ORMP) (TASE: ORMP) (www.oramed.com), a clinical-stage pharmaceutical company focused on the development of oral drug delivery systems, today announced the appointment of Netanel Derovan to serve as Chief Legal Officer (General Counsel) and Company Secretary, effective January 9, 2022. Mr. Derovan will oversee Oramed's legal and corporate strategy affairs and provide strategic guidance to the executive team and Board of Directors.
"We are very pleased to welcome Netanel Derovan as Oramed's Chief Legal Officer. Netanel's business-minded approach, legal acumen and strong operational skills will be instrumental to Oramed's ongoing progress and success and will further strengthen our executive team," stated Oramed Chief Executive Officer, Nadav Kidron.
Mr. Derovan is a highly accomplished executive leader, having spent over 20 years in senior legal positions. Prior to joining Oramed, Mr. Derovan served as executive counsel, corporate and securities, in the legal department of Teva Pharmaceutical Industries Ltd., as senior counsel in the International Corporate and Securities Department of Goldfarb Seligman & Co. and as an associate attorney in the International Corporate Department at Caspi & Co. Mr. Derovan holds an LLB degree from Bar Ilan University in Israel and he is a member of the Israeli Bar Association.
"I am thrilled to be joining Oramed at such an exciting time, as the company is approaching a number of important milestones. I look forward to leveraging my skills and working with the entire Oramed team as the company enters the next stage of growth," said Mr. Derovan.
About Oramed Pharmaceuticals
Oramed Pharmaceuticals (Nasdaq/TASE: ORMP) is a platform technology pioneer in the field of oral delivery solutions for drugs currently delivered via injection. Established in 2006, with offices in the United States and Israel, Oramed has developed a novel Protein Oral Delivery (POD™) technology. Oramed is seeking to transform the treatment of diabetes through its proprietary lead candidate, ORMD-0801, which is being evaluated in two pivotal Phase 3 studies and has the potential to be the first commercial oral insulin capsule for the treatment of diabetes. In addition, Oramed is developing an oral GLP-1 (Glucagon-like peptide-1) analog capsule (ORMD-0901).
For more information, please visit www.oramed.com
Forward-looking statements: This press release contains forward-looking statements. For example, we are using forward-looking statements when we discuss the potential of ORMD-0801 to be the first commercial oral insulin capsule for the treatment of diabetes. In addition, historic results of scientific research and clinical trials do not guarantee that the conclusions of future research or trials will suggest identical or even similar conclusions. These forward-looking statements are based on the current expectations of the management of Oramed only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, including the risks and uncertainties related to the progress, timing, cost, and results of clinical trials and product development programs; difficulties or delays in obtaining regulatory approval or patent protection for our product candidates; competition from other pharmaceutical or biotechnology companies; and our ability to obtain additional funding required to conduct our research, development and commercialization activities. In addition, the following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; delays or obstacles in launching our clinical trials; changes in legislation; inability to timely develop and introduce new technologies, products and applications; lack of validation of our technology as we progress further and lack of acceptance of our methods by the scientific community; inability to retain or attract key employees whose knowledge is essential to the development of our products; unforeseen scientific difficulties that may develop with our process; greater cost of final product than anticipated; loss of market share and pressure on pricing resulting from competition; laboratory results that do not translate to equally good results in real settings; our patents may not be sufficient; and finally that products may harm recipients, all of which could cause the actual results or performance of Oramed to differ materially from those contemplated in such forward-looking statements. Except as otherwise required by law, Oramed undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risks and uncertainties affecting Oramed, reference is made to Oramed's reports filed from time to time with the Securities and Exchange Commission.
Company Contact
Josh Hexter
+1-844-9-ORAMED
josh@oramed.com
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SOURCE Oramed Pharmaceuticals Inc.
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