Non-redacted: “We are executing on our s
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Posted On: 02/22/2019 3:45:27 AM
Non-redacted:
“We are executing on our strategy to build Generex as a strategic life science holdings company,” stated Mr. Moscato. “We are engaging orthopedic and podiatry practices to expand our MSO network, which we are supporting with new products and services, including the software platform DME-IQ, the FDA-cleared wound conforming gel ExcellagenÔ from our subsidiary Olaregen, and a broad portfolio of surgical supplies and biologics from our impending acquisitions of Fuse Medical, Pantheon, and Medisource Partners. Additionally, we are planning due diligence on the acquisition of a health system management company with a network of 13 hospitals in several states. We are also finalizing the audit and acquisition of the direct-to-patient network of pharmacies and IT systems that will augment the company’s pharmacy backbone.”
Mr. Moscato continued, “Our goal is to provide physicians and their patients with integrated health solutions that focus on the needs of the patient in achieving and maintaining health. In addition to our pharmaceutical and medical device portfolio, we plan to expand our offerings into holistic medicine with the acquisition of two highly successful companies in the medical meal and nutraceutical sectors. Medical meals and nutritional supplements are essential elements of patient centric care, with the clinical data clearly demonstrating improvement in health status and reduction in hospital admission rates for patients who receive home delivery of chronic care meals, including patients with cancer, cardiovascular disease, diabetes, and rheumatoid arthritis. Medicaid programs in several states cover home delivery of medically approved meals, and the acquisition target has an ongoing business that is projected to grow substantially. Starting in 2020, it is expected that medical meals will be covered under Medicare, as CMS has proposed Medicare Advantage and Part D payment and policy updates to maximize competition and coverage (CMS.gov Jan 30, 2019). These potential acquisitions for the NuGenerex family of companies will add new products and service lines, as well as significant revenues and profits for the Generex holding company. I will provide updates on our current operating companies and our plans to finalize these exciting acquisitions.”
On the conference call, Mr. Moscato will provide more in-depth details on the Company’s financing initiatives, an overview of the recent and potential acquisitions, and updates regarding the dividend and spin out of NuGenerex Immuno-Oncology, which will include licensing of patents and intellectual property from a renowned research institution, the acquisition and integration of an immune-oncology company with synergistic platform technologies and product candidates in Phase II, and a potential co-development deal with an immuno-oncology company that is developing neo-antigen technology for the treatment of cancer.
Mr. Moscato concluded, “Lastly, I plan to address a recent legal issue that has been raised by the actions of a debt financing firm, which have had a detrimental effect on Generex and our shareholders. We are taking the necessary steps to defend the company against unscrupulous business practices, and I will inform the investment community of our position in this matter. As always, we will leave sufficient time at the end of call to address any and all questions from our loyal Generex shareholders, and I look forward to an informative discussion on February 26th.”
“We are executing on our strategy to build Generex as a strategic life science holdings company,” stated Mr. Moscato. “We are engaging orthopedic and podiatry practices to expand our MSO network, which we are supporting with new products and services, including the software platform DME-IQ, the FDA-cleared wound conforming gel ExcellagenÔ from our subsidiary Olaregen, and a broad portfolio of surgical supplies and biologics from our impending acquisitions of Fuse Medical, Pantheon, and Medisource Partners. Additionally, we are planning due diligence on the acquisition of a health system management company with a network of 13 hospitals in several states. We are also finalizing the audit and acquisition of the direct-to-patient network of pharmacies and IT systems that will augment the company’s pharmacy backbone.”
Mr. Moscato continued, “Our goal is to provide physicians and their patients with integrated health solutions that focus on the needs of the patient in achieving and maintaining health. In addition to our pharmaceutical and medical device portfolio, we plan to expand our offerings into holistic medicine with the acquisition of two highly successful companies in the medical meal and nutraceutical sectors. Medical meals and nutritional supplements are essential elements of patient centric care, with the clinical data clearly demonstrating improvement in health status and reduction in hospital admission rates for patients who receive home delivery of chronic care meals, including patients with cancer, cardiovascular disease, diabetes, and rheumatoid arthritis. Medicaid programs in several states cover home delivery of medically approved meals, and the acquisition target has an ongoing business that is projected to grow substantially. Starting in 2020, it is expected that medical meals will be covered under Medicare, as CMS has proposed Medicare Advantage and Part D payment and policy updates to maximize competition and coverage (CMS.gov Jan 30, 2019). These potential acquisitions for the NuGenerex family of companies will add new products and service lines, as well as significant revenues and profits for the Generex holding company. I will provide updates on our current operating companies and our plans to finalize these exciting acquisitions.”
On the conference call, Mr. Moscato will provide more in-depth details on the Company’s financing initiatives, an overview of the recent and potential acquisitions, and updates regarding the dividend and spin out of NuGenerex Immuno-Oncology, which will include licensing of patents and intellectual property from a renowned research institution, the acquisition and integration of an immune-oncology company with synergistic platform technologies and product candidates in Phase II, and a potential co-development deal with an immuno-oncology company that is developing neo-antigen technology for the treatment of cancer.
Mr. Moscato concluded, “Lastly, I plan to address a recent legal issue that has been raised by the actions of a debt financing firm, which have had a detrimental effect on Generex and our shareholders. We are taking the necessary steps to defend the company against unscrupulous business practices, and I will inform the investment community of our position in this matter. As always, we will leave sufficient time at the end of call to address any and all questions from our loyal Generex shareholders, and I look forward to an informative discussion on February 26th.”
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