Update:
The access information for the investor conference call remains as follows:
Direct Toll / International – 1-(866) 831-8711
Domestic US/Canada - 1-(203) 518-9883
Program Title: Generex Biotechnology Conference Call
Conference ID – 89636
Updated Agenda
FDA response to Pre-IND briefing package for Ii-Key-SARS-CoV-2 vaccine
Meeting with the Canadian National Research Council to discuss moving the Ii-Key-SARS-CoV-2 vaccine technology forward
Completed the deal with Worldwide Digitech, LLC (WWDT) to form NuGenHealth LLC, a 50%/50% joint venture with NuGenerex Health LLC, a wholly owned subsidiary of Generex
Letter of Intent (LOI) signed with potential partners in China to develop the Ii-Key-SARS-CoV-2 vaccine for China with a proposed $5 million upfront payment upon contract signing and minimum of $400 million if the vaccine is proven successful in clinical trials.
$20 Million Non-binding Memorandum of Understanding completed with an investor for a strategic upmarket transaction
$10 Million financing proposal in the same MOU for the acquisition of infectious disease and cancer diagnostics company awaiting EUA approval from FDA for COVID-19 rapid diagnostic assay system
ALTuCell acquisition update
Completed a Non-Binding Memorandum of Understanding Regarding Development partnership for Ii-Key-SARS-CoV-2 in Malaysia worth up to $150 Million
MIRAMAR, Fla., Aug. 25, 2020 (GLOBE NEWSWIRE) -- Generex Biotechnology Corporation (www.generex.com) (OTCQB:GNBT) today announced a new updated agenda for the shareholder conference call on Wednesday, August 26th at 9:30 am.
During the call, Generex President & CEO Joe Moscato will discuss the previously published agenda including the FDA response and the meeting with the Canadian National Research Council on the COVID-19 vaccine program. Mr. Moscato will also discuss the signed non-binding memorandum of understanding with China for the Ii-Key-SARS-CoV-2 vaccine program in China, which is expected to become effective upon signing the final contractual agreements. Under the terms of the MOU, Generex will receive an upfront $5 million payment, the Chinese partners will fund 100% of the development costs, and Generex will be paid a minimum of $400 million when the vaccine is approved for commercial sale in China.
Additionally, Mr. Moscato will provide details of the just signed contract with WWDT to form NuGenHealth LLC to provide SaaS Remote Patient Monitoring and Chronic Care Management SaaS (software as a service) solutions for patients through partnerships with primary care and endocrinology practices in Arizona. The NuGenHealth system will also provide a path to re-launch our physician networks with a revenue generating model for web-based patient care.
Mr. Moscato said, “We continue to execute on our strategic and operational plans to bring revenues into the company via the NuGenHealth joint venture, and to advance our Ii-Key vaccine technology globally. I look forward to sharing details with shareholders tomorrow.”
The access information for the investor conference call remains as follows:
Direct Toll / International – 1-(866) 831-8711
Domestic US/Canada - 1-(203) 518-9883
Program Title: Generex Biotechnology Conference Call
Conference ID – 89636
Updated Agenda
FDA response to Pre-IND briefing package for Ii-Key-SARS-CoV-2 vaccine
Meeting with the Canadian National Research Council to discuss moving the Ii-Key-SARS-CoV-2 vaccine technology forward
Completed the deal with Worldwide Digitech, LLC (WWDT) to form NuGenHealth LLC, a 50%/50% joint venture with NuGenerex Health LLC, a wholly owned subsidiary of Generex
Letter of Intent (LOI) signed with potential partners in China to develop the Ii-Key-SARS-CoV-2 vaccine for China with a proposed $5 million upfront payment upon contract signing and minimum of $400 million if the vaccine is proven successful in clinical trials.
$20 Million Non-binding Memorandum of Understanding completed with an investor for a strategic upmarket transaction
$10 Million financing proposal in the same MOU for the acquisition of infectious disease and cancer diagnostics company awaiting EUA approval from FDA for COVID-19 rapid diagnostic assay system
ALTuCell acquisition update
Completed a Non-Binding Memorandum of Understanding Regarding Development partnership for Ii-Key-SARS-CoV-2 in Malaysia worth up to $150 Million
MIRAMAR, Fla., Aug. 25, 2020 (GLOBE NEWSWIRE) -- Generex Biotechnology Corporation (www.generex.com) (OTCQB:GNBT) today announced a new updated agenda for the shareholder conference call on Wednesday, August 26th at 9:30 am.
During the call, Generex President & CEO Joe Moscato will discuss the previously published agenda including the FDA response and the meeting with the Canadian National Research Council on the COVID-19 vaccine program. Mr. Moscato will also discuss the signed non-binding memorandum of understanding with China for the Ii-Key-SARS-CoV-2 vaccine program in China, which is expected to become effective upon signing the final contractual agreements. Under the terms of the MOU, Generex will receive an upfront $5 million payment, the Chinese partners will fund 100% of the development costs, and Generex will be paid a minimum of $400 million when the vaccine is approved for commercial sale in China.
Additionally, Mr. Moscato will provide details of the just signed contract with WWDT to form NuGenHealth LLC to provide SaaS Remote Patient Monitoring and Chronic Care Management SaaS (software as a service) solutions for patients through partnerships with primary care and endocrinology practices in Arizona. The NuGenHealth system will also provide a path to re-launch our physician networks with a revenue generating model for web-based patient care.
Mr. Moscato said, “We continue to execute on our strategic and operational plans to bring revenues into the company via the NuGenHealth joint venture, and to advance our Ii-Key vaccine technology globally. I look forward to sharing details with shareholders tomorrow.”
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