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SaaS Interviews with CEOs, Startups, Founders

1187 The Chinese Gave Him $50M For Orally Delivered Insulin Capsul Idea, Will It Take Off?

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 24 October 2018

⏱️ 19 minutes

🧾️ Download transcript

Summary

Nadav Kidron is the CEO & Director of Oramed Pharmaceuticals, which he co-founded in 2006 to bring oral insulin to the millions of people with diabetes. Kidron holds a bachelor’s degree in law and an international MBA. He’s a member of the Israeli Advanced Technology Industries, and an international lecturer on Israel’s entrepreneurial and innovative culture.

Transcript

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0:00.0

You know, his folks in the family developed a very interesting technology.

0:02.8

2006 convinced him to go ahead and start scaling it in 2013, or sorry, in 2006, launched the company.

0:08.1

Ended up going public several years later to raise additional capital.

0:11.2

They raised about, they'll call it $100 million total.

0:13.9

Additionally, they've got a Chinese firm that's put in about $12 million, or sorry, $38 million

0:17.1

bucks as an actual customer, basically buying a license for the rights to this pill in China.

0:21.2

The big differentiator, they're able essentially to deliver insulin orally, which goes directly

0:25.7

into the liver versus what we all do today, where I believe what most people do today with diabetes,

0:29.9

which is injections, which goes directly into the bloodstream.

0:32.0

Very different models. We'll see if it takes off.

0:34.9

This is the top entrepreneurs podcast where founders share how they started their

0:40.2

companies and got filthy rich or crash and burn.

0:45.9

Each episode features revenue numbers, customer counts, and other insider information that

0:52.3

creates business news headlines.

0:55.0

We went from a couple of hundred thousand dollars to 2.7 million.

0:58.0

I had no money when I started the company.

1:00.0

It was $160 million, which is the size of any IPOs.

1:04.0

We're a bit strapped.

1:05.0

We have like 22,000 customers.

1:08.0

With over 5 million downloads in a very short amount of time,

1:13.0

major outlets like Inc are calling us the fastest growing business show on iTunes.

1:17.9

I'm your host, Nathan Latka, and here's today's episode.

...

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