Connect with us

BIOTECH

Generex Biotechnology Corporation (OTCMKTS:GNBT) Reports A Decrease Of 9.09% In Short Interest

Published

on

Generex Biotechnology Corporation (OTCMKTS:GNBT) announced recently that it has registered a decline of 9.09% in its short interest. Though the company doesn’t have a noteworthy business operation, it has recorded a market cap of $3.52 million.

In the past, Generex was fully engaged in research and product development and distribution of drug delivery systems and other advanced technologies for the treatment of patients with metabolic and immunological medical conditions. But with continuous negative earnings, the firm has shifted to its proprietary technology. The company currently administers formulations of huge molecule drugs to the oral cavity using its technology and a hand-held aerosol applicator.

Generex recently also issued a 2017 year-end summary of its performance to the stakeholders. Joseph Moscato, President, and CEO of the company provided his stockholders a summary of how the company has performed and highlight great achievements in 2017.

Through an official letter, Moscato stressed on what the company accomplished in last year’s fiscal year which includes: appointing more members for the company’s Board of Directors with a focus on the mix of leaders from various fields such as finance, drug development and drug delivery, product development and corporate governance; recruitment of a solid management team with necessary skills, knowledge, and expertise; implemented a shareholder-approved reverse stock split, and much more.

The company also pointed out the need to rebuild the company to be a strategic, diversified life sciences holding firm. There is also a plan to rebrand the company with a new name – NuGenerex Life Sciences Holdings, Inc before the end of this year.

The company plans to restructure the newly branded NuGenerex into three key operating subsidiaries to enhance its platform technologies especially in cancer immunotherapy, rapid diagnostic testing, and general drug formulation and delivery systems.

The three subsidiaries include NuGenerex Immuno-Oncology based on AE37; NuGenerex Global Diagnostics, and NuGenerex Drug Delivery Systems. Furthermore, the company will also launch NuGenerex Healthcare and Clinical Finance department that will focus on healthcare investment fund.

Continue Reading

TRENDING STORIES

Business1 week ago

Hemp Inc (OTCMKTS:HEMP) Looks to Garner Support on Expansion and CBD Talk

Hemp Inc (OTCMKTS:HEMP) shares recently slipped under technical support in the $0.025. The stock has possibly found some bids in...

INDUSTRIAL HEMP2 weeks ago

How to View the Current Action in Hemp Inc (OTCMKTS:HEMP)

One stock that has started to key on potential support in a lateral range is Hemp Inc (OTCMKTS:HEMP). The stock...

INDUSTRIAL HEMP5 months ago

Near-Term Headwinds Hit Scotts Miracle-Gro Co (NYSE:SMG) With A Huge Impact

Bank of America Corp (NYSE:BAC) has disclosed that Scotts Miracle-Gro Co (NYSE:SMG) has lately been experiencing several near term risks....

INDUSTRIAL HEMP5 months ago

Argitek Holdings Inc (OTCMKTS:AGTK) To Focus On Acquisition, Revenues & Profitability In 2018

Argitek Holdings Inc (OTCMKTS:AGTK) recently revealed that in 2018, the company’s main focus will be the acquisition, revenues, and profitability....

INDUSTRIAL HEMP5 months ago

PharmaCyte Biotech Inc (OTCMKTS:PMCB) Completes Pore Size Studies & 29 Tests Useful In Pancreatic Cancer Therapy

PharmaCyte Biotech Inc (OTCMKTS:PMCB) has said that the cells it is planning to use in the clinical trial in patients...

INDUSTRIAL HEMP5 months ago

Puration Inc (OTCMKTS:PURA) To Apply For Canadian Recreational Cannabis Cultivation License; To Give EVERx CBD Sports Water Free Samples

Puration Inc (OTCMKTS:PURA) recently announced that it will be applying for the Canadian recreational cannabis cultivation license. The confirmation came...

INDUSTRIAL HEMP5 months ago

Marijuana Company Of America Inc (OTCMKTS:MCOA)’s JV Completes 10,000 Sq. Ft. Greenhouse Set up; Provides Update on Oregon Project

Marijuana Company Of America Inc (OTCMKTS:MCOA) recently announced that its Joint Venture with Bougainville Ventures Inc. based in Washington has...

INDUSTRIAL HEMP5 months ago

Lifestyle Delivery Systems Inc.(OTCMKTS:LDSYF)’s CSPA Group Inc. Receives 15000 Reveur Units & 300 Liters Distillates’ Purchase Orders In Two Different Deals

Lifestyle Delivery Systems Inc. (OTCMKTS:LDSYF) recently made two big announcements related to the receipt of two open purchase orders to...

INDUSTRIAL HEMP5 months ago

Viaderma Inc (OTCMKTS:VDRM) Provides Update On Its Flagship Product Vitastem; Signs $250,000 Agreement With Vage Nigeria Ltd.

Viaderma Inc (OTCMKTS:VDRM), a publicly traded specialty pharmaceutical company recently announced an update on the sales of its flagship product...

INDUSTRIAL HEMP5 months ago

Plandai Biotechnology Inc (OTCMKTS:PLPL) Phytofare Gaining Traction in International Markets

Plandai Biotechnology Inc (OTCMKTS:PLPL) recently issued an update following the successful launch of its Phytofare® supplement. Plandai Biotechnology is a...

Advertisement
Advertisement

Create a future where the human body can repair, restore, and rejuvenate itself

 

Trading Symbol

OTC: MJMD

The Next Big Global Cannabis Play