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Oramed Pharmaceuticals Restructures Scilex Notes via Warrant Deal
Oramed Pharmaceuticals (ORMP) has restructured its Scilex notes by entering into a Warrant Agreement with Scilex Holding Company. Oramed deferred an amortization payment and received a new warrant to purchase 100,000 shares of Scilex common stock at $20 per share. This deal includes various protections for Oramed, strengthening its exposure and risk profile regarding its investment in Scilex.