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Generex Biotechnology Subsidiary Olaregen Therapeutix Launches Excellagen Wound Conforming Matrix 3.0 cc Pre-Filled SyringeMIRAMAR, Fla., Oct. 01, 2019 (GLOBE NEWSWIRE) -- Generex Biotechnology Corporation (www.generex.com) (GNBT) (http://www.otcmarkets.com/stock/GNBT/quote), is pleased to announce that their subsidiary, Olaregen Therapeutix, Inc. today officially launched the Excellagen 3.0 cc pre-filled syringe, which is specifically designed for use in the surgical suite. The addition of the 3cc size to the Excellagen product line will allow vascular surgeons to treat larger, hard to heal wounds like venous leg ulcers or venous stasis ulcers (VLUs or VSUs), which affect 1% of the adult population and 3.6% of people older than 65 years. (Ulcers.2013;2013:413604). In the United States, VSUs have been estimated to contribute to significant direct and indirect healthcare and personal costs including loss of productivity, which accounts for more than 2 million days of absence from work and decreased quality of life. VSUs reportedly incur treatment costs of approximately $3 billion per year (Ulcers. 2013;2013:413604). Failure to treat VSUs may lead to severe complications including infection and/or amputation and increased risk of morbidity and mortality (Surgical Science. 2013;4(2):144-150.). Excellagen is an FDA- 510(k) cleared Cellular Tissue Product with an indication for the management of wounds including Diabetic Foot Ulcers, VSUs, and fifteen other wound management indications. Excellagen 3.0 cc is a ready to use 3-dimensional wound conforming matrix that supports a favorable wound healing environment for hard to heal wounds. It is designed to accelerate granulation and tissue growth by providing a structural scaffold for cellular migration and proliferation, activating platelets, and triggering the localized release of endogenous growth factors including Platelet-Derived Growth Factor (PDGF), a key biological mdiator of wound healing. John Sentman, Vice President Business Strategy at Olaregen Therapeutix stated, “The Excellagen 3.0 cc syringe applicator provides surgeons with a cellular tissue product that is easy to use and apply for large, hard to heal wounds, without the cutting and suturing required for graft-based products. Additionally, with our variable size options of 0.5, 0.8, and now 3.0 cc’s, surgeons can choose the size that is appropriate to the patient’s individual wound, reducing waste and cost. We are excited about the expanded market opportunities that the 3.0 cc Excellagen offers. In addition to our focus on the vascular surgery market, we see the 3.0 cc Excellagen providing additional benefits for the management of 2nd degree burns, pressure ulcers, and post Moh's surgical wounds.” About Generex Biotechnology Corporation Generex Biotechnology Corporation 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. Our newly formed, wholly-owned subsidiary, NuGenerex Distribution Solutions (NDS), integrates our MSO network with a pharmacy network, clinical diagnostic lab, durable medical equipment company (DME-IQ) and dedicated call center. Revenue from the Company’s subsidiaries will support clinical advancement of its wholly owned therapeutic products with a focus in immunotherapeutics based on stimulating critical members of the immune response, known as T helper cells, and its proprietary buccal administration of insulin. About Olaregen Therapeutix, Inc. |