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Generex Announces Distribution Agreement for Generex Oral-lyn™ in Chile
Date:9/14/2010

WORCESTER, Mass., Sept. 14 /PRNewswire/ -- Generex Biotechnology Corporation (Nasdaq: GNBT; www.generex.com), the leader in drug delivery for metabolic diseases through the inner lining of the mouth, announced today that it has entered into an exclusive Product Licensing & Distribution Agreement with PMG S.A. (www.pmgpharma.com) for the registration, marketing, distribution and sale of Generex Oral-lyn™, the Company's proprietary buccal insulin spray product, in Chile.

PMG PHARMA is a Chilean pharmaceutical corporation located in Santiago and focused in three therapeutic areas: diabetes, nephrology and an injectable product line sold in hospitals and pharmacies.  PMG PHARMA represents fifteen international companies, all related to its core business in diabetes.  PMG PHARMA's principals include the managing board comprised of a General Manager, a Marketing Manager, and a Sales Manager, each of whom have extensive experience in the diabetes space.  Some of their achievements include successfully introducing the blood glucose monitoring system from Boheringer Manheim (now known as Roche) in Chile as well as introducing Novo Nordisk's  monocomponent insulin and human recombinant insulin (including the NovoPen®) in Chile. This long history will in the diabetes segment will provide a solid platform for Generex Oral-lyn's™ market introduction in Chile.    

Chile has a population of over 16.8 million and a diabetes prevalence of 7.2% (per the International Diabetes Federation).  Patients under insulin therapy are estimated to be approximately 85,000.

"We are delighted to have licensed Generex Oral-lyn™ to PMG PHARMA, a well-established company whose principals have a long history in marketing diabetes products," said Anna Gluskin,
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SOURCE Generex Biotechnology Corporation
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