Quick Win By The Algorithm: Patent Title Granted

Quick Win By The Algorithm

On April 23, 2017, the I Know First algorithm issued a bullish forecast for Oramed Pharmaceuticals, Inc. (NASDAQ: ORMP). ORMP had a signal of 33.19 and a predictability of 0.05. Therefore, in accordance with the forecast, the company’s stock increased by 27.29% in just 3 days.

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Oramed Pharmaceuticals Inc. (Oramed) is pharmaceutical company researching and developing drugs and vaccines.  Its most popular product is an orally indigestible insulin capsule in phase 2 clinical trial. The company is developing a method to treat diabetic patients with a capsule to be ingested orally, and not having the insulin injected.  The company was founded in 2006 and is headquartered in Jerusalem, Israel.

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Since April 19, 2017, ORMP has had a positive trend.  Recently, Beta Research has given ORMP an optimistic price target of $18.00.  That is more than double the stock’s current price in the $8 range.

On April 20, 2017, the company was granted by the European Patent Office a patent titled, “Methods and Compositions for Treating Diabetics: Capsules containing oil-based liquid compositions of combined therapeutic agents for treating diabetes.”  This important step is another factor to getting its flagship product to treat diabetes containing both insulin and GLP-1 analog into a capsule.  If the company can get the drug’s approval, this could serve as a more pain free treatment to treat diabetes.

This bullish forecast on ORMP was sent to the current I Know First subscribers on April 23, 2017.

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