Oramed receives $10.4M payment from Scilex on senior secured note; total payments reach $40M

ORAMED PHARMACEUTICALS INC.

Received approximately $10.4M on June 20, 2024, fulfilling the $20M third principal payment obligation under the Scilex note.
Total principal payments received to date stand at $40.0M, up from $29.6M previously.
Note originally issued in September 2023 with principal amount of $101.875M as part of Scilex's assumption of Sorrento obligations.

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