Navigation Links
Generex Reaches Agreement to Acquire 51% Stake in Global Medical Direct, a Nationwide Durable Medical Equipment and Pharmaceutical Provider Specializing in Direct-to-Consumer Diabetes Supplies
Date:10/11/2010

aps, vitamins, etc.
  • Direct informational engagement of patients, doctors, and insurers using GMD's educational platform and call center.
  • A staff experienced in dealing with the intricacies of the reimbursement policies and paperwork for diabetes-related products across U.S. state and federal governments.
  • An in-house pharmacy and dispensary that dovetails with GMD's national scale shipping and distribution facility.

  • Approval of Reverse Stock Split

    Generex management is asking its stockholders to approve a reverse stock split proposal on October 15.  Management believes that a reverse stock split will put Generex in a stronger position to aggressively pursue commercialization opportunities for its buccal drug delivery and immunotherapeutic vaccine platform technologies.  Based on the current price of the stock, it is anticipated that the reverse stock split ratio would not exceed 1-for-4.

    If the reverse stock split is not approved, Generex's common stock will not remain listed for trading on the Nasdaq Capital Market.  While the stock would then be eligible for quotation on the Over-The-Counter (OTC) Bulletin Board (OTCBB), management believes that a Nasdaq listing will afford the Company a wider variety of potentially less dilutive financing alternatives.  As a development stage company, Generex must look to the capital markets to fund its on-going product development initiatives.  In addition, the greater visibility and liquidity offered by a Nasdaq listing will enhance the Company's bargaining power with prospective partners and collaborators who will want comfort that Generex will have access to the capital necessary to support it contributions.

    Management recognizes that many stockholders are concerned that a reverse stock split might compromise share value.  However, management is not seeking the reverse stock split in a vacuum.  We believe that
    '/>"/>

    SOURCE Generex Biotechnology Corporation
    Copyright©2010 PR Newswire.
    All rights reserved

    Page: 1 2 3 4 5 6 7 8

    Related medicine technology :

    1. Generex Biotechnology Corporation Initiation Coverage Review Issued By Scimitar Equity, LLC
    2. Generex Announces Distribution Agreement for Generex Oral-lyn™ in Chile
    3. Generex Announces Presentations of Novel Vaccine Strategies
    4. Generex Announces Approval of Adjournment Proposal and Adjourned Special Meeting Date
    5. Generex Announces Sales Agreement with Elias Shaker & Company
    6. Generex Presents Abstract at EASD Annual Meeting
    7. Generex Awarded a New Patent in Canada for its Proprietary Buccal Drug Delivery System
    8. Generex Biotechnology Provides a Corporate Update to Address Managements Strategic Initiatives for Growth
    9. Enrollment Reaches 110 Patients in Investigator Initiated, Randomized Trial of OrbusNeichs Genous(TM) Bio-Engineered R Stent(TM)
    10. Arizona Heart Hospital Reaches Settlement Regarding Clinical Research Matter
    11. CSL Behring Reaches Primary Endpoint in Clinical Study of C1-INH for Treatment of Hereditary Angioedema
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:9/19/2014)... 2014 According to the ... Heat, therapy, Hydrotherapy), Accessories (Posture Mirror, Exercise Ball), Applications ... - Global Forecast to 2019" published by MarketsandMarkets, the ... $19,786.3 Million by 2019 from $14,240.0 Million in ... to 2019. Browse 74 market data ...
    (Date:9/19/2014)... STATION, N.J. , Sept. 19, 2014 Merck (NYSE: ... United States and Canada , is ... Desafiando La Diabetes: Logra Tus Metas , an educational program ... their blood sugar -- a key treatment goal to help reduce ... United States are at a higher risk for developing ...
    (Date:9/19/2014)... 19, 2014 Five MinuteClinic walk-in medical clinics are opening ... metropolitan area. Three clinics opened in Memphis ... clinic will be added in Springfield on ... is expected to open October 22.  MinuteClinic is the largest ... the United States . The Memphis ...
    Breaking Medicine Technology:Physiotherapy Equipment Market Worth $19,786.3 Million by 2019 2Physiotherapy Equipment Market Worth $19,786.3 Million by 2019 3Physiotherapy Equipment Market Worth $19,786.3 Million by 2019 4Celebrity Chef Leticia Moreinos Schwartz Partners with Merck on Desafiando La Diabetes: Logra Tus Metas to Urge Hispanics With Type 2 Diabetes to Get to Their A1C Goal 2Celebrity Chef Leticia Moreinos Schwartz Partners with Merck on Desafiando La Diabetes: Logra Tus Metas to Urge Hispanics With Type 2 Diabetes to Get to Their A1C Goal 3Celebrity Chef Leticia Moreinos Schwartz Partners with Merck on Desafiando La Diabetes: Logra Tus Metas to Urge Hispanics With Type 2 Diabetes to Get to Their A1C Goal 4Celebrity Chef Leticia Moreinos Schwartz Partners with Merck on Desafiando La Diabetes: Logra Tus Metas to Urge Hispanics With Type 2 Diabetes to Get to Their A1C Goal 5MinuteClinic Walk-in Medical Clinics Opening in Memphis 2MinuteClinic Walk-in Medical Clinics Opening in Memphis 3
    ... (NYSE: MON ) and Pfizer Inc (NYSE: PFE ... for Monsanto to acquire Pfizer,s Chesterfield Village Research Center located ... Monsanto will acquire the property from Pfizer for $435 million ... have operations at Chesterfield Village through a lease agreement, primarily ...
    ... NATICK, Mass., Nov. 9 Boston Scientific Corporation (NYSE: ... COGNIS® cardiac resynchronization therapy defibrillator (CRT-D) and TELIGEN® implantable ... approved by the Japanese Ministry of Health, Labor and ... September. COGNIS and TELIGEN are the result of ...
    Cached Medicine Technology:Monsanto to Purchase Chesterfield Village Research Center From Pfizer 2Monsanto to Purchase Chesterfield Village Research Center From Pfizer 3Boston Scientific's Most Advanced Devices to Treat Heart Failure and Sudden Cardiac Death Now Available in Japan 2Boston Scientific's Most Advanced Devices to Treat Heart Failure and Sudden Cardiac Death Now Available in Japan 3Boston Scientific's Most Advanced Devices to Treat Heart Failure and Sudden Cardiac Death Now Available in Japan 4
    (Date:9/20/2014)... Baja, Mexico (PRWEB) September 20, 2014 ... announced the resort did not experience any damage in ... all amenities and activities available. , Hurricane Odile struck ... bringing intense wind, rain and powerful surf conditions. Located ... del Palmar Islands of Loreto experienced some heavy rain, ...
    (Date:9/20/2014)... New York, NY (PRWEB) September 20, 2014 ... Ariana Grande concert tickets . This popular ticket ... added savings. , The 2015 schedule of tours ... in music have already announced their plans to hit the ... of Boca Raton, Fla., announced the “Honeymoon Tour,” which will ...
    (Date:9/20/2014)... CA (PRWEB) September 20, 2014 On ... receive a $250,000 pediatric cancer research grant from Hyundai ... Loma Linda University Children’s Hospital located on 11234 Anderson ... work of Dr. Kimberley Payne, Associate Professor at Loma ... work focuses on leukemia in children. , ...
    (Date:9/20/2014)... The print component of “Work-Life Balance” ... Calgary Herald, with a circulation of approximately 97,000 ... digital component is distributed nationally through a vast ... top news sites and partner outlets. To explore ... http://www.worklifebalanceinfo.ca . , The publication features an exclusive ...
    (Date:9/20/2014)... News) -- The avian flu that killed 160 harbor ... through respiratory drops and therefore poses a potential threat ... no human illnesses have been linked to the harbor ... have discovered natural mutations to the avian H3N8 seal ... air in droplets. Current seasonal flu vaccines wouldn,t ...
    Breaking Medicine News(10 mins):Health News:Villa del Palmar at the Islands of Loreto Fully Functioning After Hurricane 2Health News:Villa del Palmar at the Islands of Loreto Fully Functioning After Hurricane 3Health News:Ariana Grande Tickets in Phoenix, Los Angeles, Anaheim, San Jose, Seattle, and Vancouver Go on Sale Today 2Health News:Ariana Grande Tickets in Phoenix, Los Angeles, Anaheim, San Jose, Seattle, and Vancouver Go on Sale Today 3Health News:Loma Linda University Medical Center Receives $250,000 Research Grant From Hyundai Hope On Wheels In Honor Of National Childhood Cancer Awareness Month 2Health News:Loma Linda University Medical Center Receives $250,000 Research Grant From Hyundai Hope On Wheels In Honor Of National Childhood Cancer Awareness Month 3Health News:Getting ‘Wellthy’: Mediaplanet’s “Work-Life Wellness” campaign puts stock in the personal and economic gains of healthy, vital workplace environments for Canadians 2Health News:Avian Flu In Harbor Seals Could Infect People 2
    ... Juergen Richt, lead,scientist with the U.S. Department ... professor at Iowa State University, will be joining,Kansas ... Richt,s appointment begins in April 2008. The ... Veterinary,Medicine, is the most prestigious of all academic ...
    ... new report,issued by the U.S. Government Accountability Office ... lower than anesthesia payments,from private insurance coverage, and ... to ensuring that America,s seniors,have access to safe ... healthcare services., "Medicare pays about 87 percent ...
    ... valor of our nation,s greatest heroes, PHOENIX, Aug. ... the Department of Defense,s TRICARE,contractor in the 21-state West ... Honor Convention, held this year from Sept. 3-10 in,Green ... of the nation,s highest honor for,valor under enemy fire, ...
    ... Aug. 31 Cleveland-based The ScottCare,Corporation, a ... cardiopulmonary rehabilitation telemetry, announced today that,the company ... the,operations of Rozinn Electronics, Inc., a privately-held ... Glendale, NY. "We are very pleased ...
    ... − Studying the DNA of 889 people, gene ... Cancer Centers have identified a region on chromosome 5p ... known risk factor for breast cancer. The findings, published ... publication of the American Association for Cancer Research, suggest ...
    ... role in maintaining blood supply, WASHINGTON, Aug. 31 ... season for blood collection, and one that blood,centers are ... blood,supplies since Memorial Day, there is relief in sight ... blood drives. (PHOTO: http://www.newscom.com/cgi-bin/prnh/20070831/DCF008 ) ...
    Cached Medicine News:Health News:Expert on Emerging Infectious Zoonotic Diseases Joining K-State as a Regents Distinguished Professor 2Health News:Expert on Emerging Infectious Zoonotic Diseases Joining K-State as a Regents Distinguished Professor 3Health News:GAO Report Confirms: Medicare Underpays for Anesthesia Services; Nurse Anesthetists Assure Seniors Access to Safe Anesthesia Care 2Health News:TriWest Sponsors Congressional Medal of Honor Convention 2Health News:The ScottCare Corporation Completes Acquisition of Rozinn Electronics, a Leading Manufacturer of Cardiac Diagnostic Products 2Health News:Discovery suggests location of genes for breast density, a strong risk factor for breast cancer 2Health News:Discovery suggests location of genes for breast density, a strong risk factor for breast cancer 3Health News:Back to School Means Return of School Blood Drives 2Health News:Back to School Means Return of School Blood Drives 3
    ... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
    ... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
    ... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
    ... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
    Medicine Products: