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Exhibit 31.2

CERTIFICATION PURSUANT TOSECTION 302 OF THE
SARBANES-OXLEY ACT OF 2002

I, Alex Werber, certify that:

|1. | I have reviewed this annual report on Form 10-KSB of
      Oramed Pharmaceuticals Inc.;                                                                                                                                                                                                                                                         
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|   |                                                                                                                                                                                                                                                                                                                                                 
|2. | Based on my knowledge, this annual report does not
      contain any untrue statement of a material fact or omit to state a
      material fact necessary to make the statements made, in light of the
      circumstances under which such statements were made, not misleading with
      respect to the period covered by this annual report;
|   |                                                                                                                                                                                                                                                                                                                                                 
|3. | Based on my knowledge, the financial statements, and
      other financial information included in this annual report, fairly present
      in all material respects the financial condition, results of operations
      and cash flows of the small business issuer as of, and for, the periods
      presented in this annual report;        
|   |                                                                                                                                                                                                                                                                                                                                                 
|4. | I am responsible for establishing and maintaining
      disclosure controls and procedures (as defined in Exchange Act Rules
      13a-15(e) and 15d-15(e)) for the small business issuer and I
  have:                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                                                                                 
|   | (a)                                                                                                                                                                                                                                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                 
|   | (b)                                                                                                                                                                                                                                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                 
|   | (c)                                                                                                                                                                                                                                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                 
|5. | I have disclosed, based on my most recent evaluation of
      internal controls over financial reporting, to the small business issuers
      auditors and the audit committee of the small business issuers board of
      directors (or persons performing the equivalent functions):                                                       
|   |                                                                                                                                                                                                                                                                                                                                                 
|   | (a)                                                                                                                                                                                                                                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                 
|   | (b)                                                                                                                                                                                                                                                                                                                                             

Date: December 12, 2007



*/s/ Alex Werber*
  Alex Werber 
  Chief Financial Officer and Treasurer 
  (Principal Financial Officer and Principal Accounting Officer)

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