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Oramed Pharmaceuticals Inc. Message Board

hjw7925 1 post  |  Last Activity: Aug 14, 2014 3:33 PM Member since: May 2, 2003
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    Back to $10 soon!

    by yinvestor Aug 13, 2014 1:31 PM
    hjw7925 hjw7925 Aug 14, 2014 3:33 PM Flag

    Zhongheng Group Invests in Israeli Drug Makers
    08/14/2014 | 06:22am US/Eastern

    WUZHOU, August 14, SinoCast -- Guangxi Wuzhou Zhongheng Group Co., Ltd. (SHSE: 600252) revealed that controlled Guangxi Wuzhou Pharmaceutical Group Co., Ltd. will invest USD 11 million in two Israeli peers.

    On August 12, Wuzhou Pharmaceutical inked investment agreement with Oramed Pharmaceuticals Inc., planning to invest USD 5 million in Oramed.

    Oramed is a drug maker registered in Jerusalem, Israel, getting listed on the NASDAQ in May 2007, engaged in developing drugs for curing diabetes.

    Meanwhile, Wuzhou Pharmaceutical inked investment agreement with Integra Holdings Ltd., planning to invest USD 6 million in the latter.

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