Yigal Arnon (1929-2014) Dror Vigdor Amalia Meshi Amnon Lorch Hagai Shmueli Barry Levenfeld David H. Schapiro Hagit Bavly Orna Sasson Barak Tal Shiri Shaham Doron Tamir Daniel Abarbanel Niv Zecler Ofer Argov Gidon Weinstock David Osborne Gil Oren Ronit Amir Orly Tsioni Mordehai Baicz Barak Platt Benjamin Horef Yoran Gill Asaf Eylon Daniel Marcovici Adrian Daniels Yuval Shalheveth Jacob Ben Chitrit Peter Sugarman Ben Sandler Boaz Fiel Joeri Kreisberg | Simon Weintraub
Ruth Loven Yarom Romem Adam Spruch Yuval Bargil Eliran Furman Eran Lempert Ofir Levy
Daniel Green Hanital Belinson Yoheved Novogroder
Oren Roth
Dror Varsano Odelia Sidi Shira Lahat Micki Shapira Eran Zach Ido Chitman Aner Hefetz David Akrish Nir Rosner Assaf Mesica Liron Hacohen Guy Fuhrer Ezra Gross David Roness Eli Greenbaum Lee Maor
Nimrod Vromen Guy Sagiv Micha Tollman Shani Rapoport Lior Gelbard | Keren Tal Naftali Nir Yael Hoefler Sagi Schiff Netanella Treistman Daniel Damboritz Yulia Lazbin Joshua Lieberman Eyal Aichel Michal Sagmon Gil Yahav Neta Goshen Roy Masuri Chen Lanir Daphna Livneh Tamar Gilboa
Adi Samuel Shlomi Schneider Alona Toledano
Elad Offek Yuval Shamir Dana Heller
Liat Pillersdorf Orly Rottenberg
Avi Anouchi Shay Fahima
Sivan Gilron Dotan Tomer Bar-Nathan
Evan Schendler
Lihi Katzenelson
Shahar Uziely Edan Regev
Yehudit Biton | Gitit Ramot-Adler
Omri Schnaider Shiran Sofer Rinat Michael
Adi Attar
Ivor Krumholtz Daniella Milner
Harel Sinai Amos Oseasohn Guy Kortany Goor Koren
Adi Daniel
Miriam Friedmann Itamar Lippner Roni Osborne Ortal Zanzuri Reut Sasson
Roey Sasson Shir Eshkol Nir Rodnizky Noa Slavin
Michael Horowitz Guy Fatal
Shani Lorch Ira Evental Itamar Cohen
Shai Margalit Ofir Schwartz
Meital Singer
Yonatan Whitefield Moshe Lankry
Nir Kamhi Shira Teger | Rachel Lerman Ravid Saar
Debbie Shalit Sophie Blackston Eti Elbaz Igor Baraz
Elad Morgenstern
Ron Ashkenazi Dafna Raz Sara Haber
Ilan Akouka Shlomit Bukaya Yehonatan Cohen David Shmulevitz Tair Cherbakovsky Amit Zomer Fedida Ophir Dagan
Yael Meretyk Hanan Nataly Damary
Shiran Glitman Michael Rosenblit
Dani Weissberg Lareine Khoury Nohar Hadar Shirley Youseri Nitzan Kahana Yahel Kaplan
Tali Har-Oz
Niv Blacher Noa Bombigher Liad Kalderon Natalie Korenfeld Moshe Pasker | Mazi Ohayon Nitzan Fisher-Conforti
Victoria Savu
Derora Tropp Amos Shiffman
Hila Amiel
Maytal Spivak Avraham Schoen Or Lev Or Karabaki Elan Loshinsky Eyal Sharf Ron Shaham Yarden Hadar Ariel Even Daniel Gazit
Josh Hauser Ron Jacoby
Eitan Cohen Itai Guttel ________________________
Roy Keidar Of Counsel ________________________ Paul H. Baris (1934-2010) Rami Kook Nira Kuritzky Eran Ilan |
Tel Aviv | February 7, 2019
BioLineRx Ltd.
2 Hamayan Street
Modi’in Technology Park
Modi’in 7177871
Israel
| | Re: | BioLineRx Ltd. — 28,000,000 American Depositary Shares Representing 28,000,000 Ordinary Shares and Warrants to purchase up to 28,000,000 American Depositary Shares Representing 28,000,000 Ordinary Shares | |
We have acted as Israeli counsel to BioLineRx, Ltd., (the “Company”) in connection with the issuance and sale of an aggregate of 28,000,000 American Depositary Shares (the “ADSs”), each representing one ordinary shares, NIS 0.10 par value per share of the Company (the “Ordinary Shares”) and warrants (the “Warrants”) to purchase up to 28,000,000 American Depositary Shares (the “Warrant ADSs”), being offered by the Company, pursuant to the terms of an underwriting agreement dated February 5, 2019 (the “Underwriting Agreement”) between the Company and Oppenheimer & Co.Inc as representative of the several underwriters named on Schedule 1 to the Underwriting Agreement. The ADSs, Warrants and Warrant ADSs are being issued pursuant to a registration statement on Form F-3 (Registration Statement No. 333-222332) (the “Registration Statement”) filed with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”), and any related prospectus or prospectuses, if any.
1 Azrieli Center, Tel Aviv, 6702101 | Phone: +972-3-6087777 | Fax: +972-3-6087724
31 Hillel Street, Jerusalem, 9458131 | Phone: +972-2-6239239 | Fax: +972-2-6239233
www.arnon.co.il | info@arnon.co.il
As counsel to the Company in Israel, we have examined copies of the Memorandum of Association and the Articles of Association, as amended, of the Company and such corporate records, instruments, and other documents relating to the Company and such matters of law as we have considered necessary or appropriate for the purpose of rendering this opinion. In such examination, we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, and the conformity to authentic originals of all documents submitted to us as copies.
Based on the foregoing, we advise you that in our opinion, the Ordinary Shares underlying the ADSs and ADS Warrants are duly authorized, legally issued, fully-paid and non-assessable.
We are members of the Israeli bar, and the opinions expressed herein are limited to questions arising under the laws of the State of Israel, and we disclaim any opinion whatsoever with respect to matters governed by the laws of any other jurisdiction.
Mayer Brown LLP may rely upon this opinion for the purpose of rendering their opinion dated February 7, 2019, with respect to certain matters concerning the ADSs, Warrants and ADS Warrants.
We hereby consent to the use of this opinion as Exhibit 5.1 to the Company’s Current Report on Form 6-K to be filed with the Commission on February 7, 2019, which will be incorporated by reference in the Registration Statement, and to the reference to us under the caption “Legal Matters” in the prospectus included in the Registration Statement. In giving such consent, we do not hereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission.
| | Sincerely, /s/ Yigal Arnon & Co. |
1 Azrieli Center, Tel Aviv, 6702101 | Phone: +972-3-6087777 | Fax: +972-3-6087724
31 Hillel Street, Jerusalem, 9458131 | Phone: +972-2-6239239 | Fax: +972-2-6239233
www.arnon.co.il | info@arnon.co.il
