Generex Biotechnology Subsidiary Olaregen Therapeutics’ Wound Conforming Matrix, Excellagen, Awarded Strategic Acquisition Centers (SAC) Biologic Blanket Purchase Agreement (BPA) Contract - Seite 2

Dr. Lois Chandler, Chief Scientific Officer of Olaregen added, “We were grateful earlier this year when we were invited to present to the SAC’s subject matter experts in Virginia. We detailed our strong body of clinical evidence that supported positive healing rates for patients and remained confident that Excellagen added additional benefits to those veterans who have diabetic foot ulcers and other hard to heal wounds.  As one of the inventors of this product, I am so pleased that this new BPA contract will open the door to more veterans gaining access to this technology.”

“I’d like to congratulate Tony Dolisi and his team at Olaregen, Generex’s  100%-owned subsidiary for achieving this huge commercialization milestone that will pave the way to significant revenues for Excellagen. This is the biggest news that we could have received from the SAC committee, as this award enables us to now fully commercialize Excellagen across the VA system”, said Joseph Moscato, CEO of Generex. “To date we have been painstakingly presenting our Excellagen data for approval by the Value-Added Committees (VACs) at individual VA hospitals, one by one. It has taken over a year to open only a few VA’s through this arduous process, however, with this coveted accreditation by the SAC, all 160 VA hospitals can easily purchase Excellagen through the BPA. The pending S1, once it is made effective by the SEC, will provide the funding necessary to significantly grow Excellagen sales with the hiring of dozens of sales reps and increasing Excellagen manufacturing capacity to supply the 160 VA hospitals that treat over one million veterans with hard to manage wounds.”

About Generex Biotechnology Corp.
Generex Biotechnology is an integrated healthcare holding company with end-to-end solutions for patient centric care from rapid diagnosis through delivery of personalized therapies. Generex is building a new kind of healthcare company that extends beyond traditional models providing support to physicians in an MSO network, and ongoing relationships with patients to improve the patient experience and access to optimal care.

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