Shares of Oramed Pharmaceuticals Inc. (ORMP) are falling more than 75% Thursday morning after the company's investigational drug ORMD-0801 for the treatment of Type 2 Diabetes failed in late-stage study.
Phase 3 study comparing the efficacy of ORMD-0801 to placebo in patients with Type 2 Diabetes did not meet its primary goal of glycemic control improvement, the company said.
ORMP, currently at $2.60, touched a new low of $2.32 this morning.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.