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Last $0.01 USD
Change Today +0.0005 / 3.70%
Volume 2.8M
GNBT On Other Exchanges
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

generex biotechnology corp (GNBT) Key Developments

Generex Biotechnology Corporation Enters into Memorandum of Understanding with NHTherapeutics

Generex Biotechnology Corporation announced that it has entered into a Memorandum of Understanding with NHTherapeutics Inc., pursuant to which the companies will co-develop a formulation for the delivery of Leuprolide into the human body via the buccal mucosa using the Generex proprietary RapidMist(TM) buccal drug delivery system. The Generex proprietary RapidMist(TM) drug delivery platform technology administers active pharmaceutical ingredient via aerosolized metered dose spray into the mouth for rapid absorption by the buccal mucosa. The company's most advanced product in development using RapidMist(TM) is Generex Oral-lyn(TM), an insulin spray product for the treatment of diabetes mellitus. NHTherapeutics holds intellectual property in respect to the dosing regimen and route of administration of Leuprolide and other GnRH agonists for the treatment of hypogonadism and other endocrine disorders. Pursuant to a fee-for-service arrangement, Generex will develop a RapidMist(TM) formulation of Leuprolide designed to achieve the safe, simple, rapid, dose-specific, and effective administration of the active pharmaceutical ingredient into the human body via the buccal mucosa. Thereafter, Generex will undertake local irritation and stability testing of the formulation.

Generex Presents Data Correlating Immune Response with Reduction of Relapse in AE37 Phase II Breast Cancer Trial at AACR 2015

Generex Biotechnology Corp. announced presentation of data from the on-going Phase II clinical trial of the AE37 breast cancer vaccine correlating local immune response to a reduction in relapse. AE37 is being developed by Antigen Express Inc., a wholly-owned subsidiary of Generex. The abstract entitled 'Correlation of robust local reactions prompting GM-CSF dose reduction to clinical response in a Phase II trial of the AE37+GM-CSF HER2 peptide vaccine' by Julia Greene, et al was presented at the Clinical Trials in Progress session of the AACR on April 20. The goal of the study was to establish the importance of the local reaction to immunization with AE37. The controlled, randomized and single-blinded trial is comparing the ability of AE37 plus the adjuvant GM-CSF versus the GM-CSF adjuvant alone to reduce recurrence of breast cancer in early stage patients. The study found that those patients receiving AE37 who had the large responses (requiring reductions in the amount of GM-CSF) had a relapse rate of 5.9% versus a rate of 14.2% in those who did not require dose reduction. This indicates that a robust stimulation of the immune system by AE37, as evidenced by the need for dose reduction, results in positive anti-cancer activity. The AE37 vaccine is designed to activate critical components of the immune system to combat cancer cells. Prior analyses have shown a trend toward reduction of relapse in patients receiving the vaccine, particularly those who are not eligible for the cancer drug Herceptin as well as those with triple negative breast cancer. The current results add to prior studies both from the ongoing Phase II trial as well as a completed Phase I study of AE37 in patients with prostate cancer showing robust yet specific immunological responses together with almost negligible toxicity. The distinguishing feature of AE37 is its ability to specifically activate CD4+ T helper cells, which govern both the quality and magnitude of an immune response to a novel target.

Generex Biotechnology Corporation Announces Resignation of John P. Barratt as Member of Board of Directors

Generex Biotechnology Corporation announced the resignation of John P. Barratt as a member of the company's Board of Directors. For medical reasons, Mr. Barratt has made the decision to take full retirement from his myriad corporate responsibilities. The resignation from the company’s Board of Directors will take effect on April 30, 2015.

Generex Biotechnology Corporation Provides Update on Buccal Insulin Formulation Enhancement Project

Generex Biotechnology Corporation provided an update on the status of the buccal insulin formulation enhancement project for the company's proprietary Generex Oral-lyn buccal insulin spray product. As previously announced, Generex has engaged the Center for Molecular Design and Preformulations (CMDP) at University Health Network with the goal of enhancing the Generex Oral-lyn formulation to make it more attractive to patients and prospective commercialization partners by increasing the bioavailability of insulin in the product and reducing the number of puffs required to achieve effective prandial metabolic control for patients with diabetes. Generex has entered into a Research Service Agreement with the University of Guelph pursuant to which the University will conduct a study of the relative bioavailability of the enhanced formulation in dogs in the University's Comparative Clinical Research Facility. Dogs proffer ease of administration and the results of the biochemical analyses of the blood are expected to approximate the impact of the product in humans. Allowing a direct comparison with the canine studies the University undertook of the original formulation of Generex Oral-lyn for proof of concept, safety, and toxicity, the new dog study will allow a rapid assessment of the added value of the improved formulation.

Generex Biotechnology Is Considering Various Alternatives

Management of Generex Biotechnology Corp. (OTCPK:GNBT) is seeking various alternatives to ensure that they can meet some of their operating cash flow requirements through financing activities, such as private placement of the common stock, preferred stock offerings and offerings of debt and convertible debt instruments as well as through merger or acquisition opportunities. In addition, management is actively seeking strategic alternatives, including strategic investments and divestitures.


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