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Stock impact report

ORMP: Balance Sheet Strong, Potential Benefits of Investments, JVs, Buybacks [Yahoo! Finance]

Oramed Pharmaceuticals Inc. (ORMP) 
Last oramed pharmaceuticals inc. earnings: 4/6 04:46 pm Check Earnings Report
US:NASDAQ Investor Relations: oramed.com/investors
Company Research Source: Yahoo! Finance
Oramed Pharmaceuticals (NASDAQ:ORMP) has named its former Chief Financial Officer to the CFO position again. In June 2024, the company named Avraham Gabay as CFO, Secretary and Treasurer to replace former CFO David Silberman. Mr. Silberman had announced his intention to resign effective July 12, 2024, citing personal reasons. Mr. Gabay served as CFO at Oravax Inc., a 63% owned Oramed subsidiary, from 2021 until 2023 and as ORMP's CFO from 2019 until 2021. He also has extensive outside public company and accounting experience, having been interim CFO at BiomX Inc. (NYSE American: PHGE) from 2023 until 2024 and VP Finance at Orcam Technologies Ltd. prior to that from 2015 to 2019, among other senior roles. He resumes his position as CFO at a time when Oramed believes it has the financial flexibility and balance sheet to continue development activities and initiate a share buyback. In fact, at the end of 2Q24, Oramed had about $153 million in cash and equivalents to advance its develo Show less Read more
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