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Positive Generex Data Underscores Cancer Immunotherapy Forecast Issued by Citi
Date:5/31/2013

WORCESTER, Mass. and TORONTO, May 31, 2013 /PRNewswire/ -- Generex Biotechnology Corporation (www.generex.com) (OTCBB: GNBT) today highlighted advantages of its AE37 cancer vaccine and technology in the context of a positive cancer immunotherapy forecast recently issued by Citigroup analysts. The Company's wholly-owned subsidiary Antigen Express, Inc. (www.antigenexpress.com) is currently in a late Phase IIb trial of the novel cancer vaccine AE37 to prevent relapse in patients who have had breast cancer.

According to Reuters, in a report issued on May 22, 2013, Andrew Baum , head of global healthcare research at investment bank Citi, forecasts that in a decade immunotherapy cancer drugs will be treating 60% of cancers and generate annual sales of up to $35 billion. This analysis marks a considerable increase over prior market forecasts and highlights cancer immunotherapy as the next "big thing" in biopharma research, surpassing sales of the blockbuster drug class of statins.

Among the Antigen Express data to be part of the 2013 Annual Meeting of the American Society of Clinical Oncology (ASCO), an abstract was published online entitled "Effect of immunization with Ii-Key modified HER2 (776-790) peptide vaccine (AE37) on immunologic responses in prostate cancer patients", by Sonia Perez et al. Of particular note was the longevity of the immunological response to AE37 in immunized patients. In this study, an elevated and specific immunological response was still observed three years after the final dose of AE37. No other peptide vaccine in either early or late-stage development has been shown to exhibit this type of long-lasting activity.

The most plausible explanation for this increased activity is the f
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SOURCE Generex Biotechnology Corporation
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