Wednesday 01/13/2010 9:30 AM ET - GlobeNewswire
This is actual money in the pocket vs some recent mentions whose products are still on the drawing board.
Todays news sheds even more light on the ramifications of recent events and the upcoming year:
Thursday 01/14/2010 8:01 AM ET - Marketwire
Excerpt: "Generex has positioned itself to be the next target of high-risk, high-reward investors and institutions, as this upcoming year will prove to be the climax for the company," notes Michael Vlaicu of TheMarketFinancial. "With the recent contracting news regarding 7000 stores, and an initial $800,000 order for company's proprietary Crave-NX(TM) 7-Day Diet Aid Spra., a viable reoccurring revenue stream will now be present, thus paving the way for a much improved balance sheet on the eve of Oral-Lyn's NDA application and the beginning of AE37's Breast Cancer Immunotherapy Phase III trials, both of which are expected to take place sometime in Q3 or Q4 of this year."
Approval upon NDA submission is highly anticipated for Oral-Lyn (Type 1, Type 2 Diabetes oral insulin spray treatment) due to the fact that it has been accepted to be a part of USFDA's Treatment Investigational New Drug program. "Companies like Dendreon Corporation, Human Genome Sciences, and MannKind Corporation went from relatively unknown to being dominant market players, and Generex (NASDAQ: GNBT) has all the makings to be next in line."
The resulting action of the news events has been a nice upward trend into the week as we've been reporting at www.greenbackers.com .
Last Trade: |
0.70 |
Trade Time: |
1:01PM ET |
Change: |
0.01 (0.74%)
|
Prev Close: |
0.69 |
Open: |
0.71 |
Bid: |
0.69 x 3700
|
Ask: |
0.70 x 1200
|
1y Target Est: |
6.00 |
|
|
|
Day's Range: |
0.69 - 0.73
|
52wk Range: |
0.08 - 1.14 |
Volume: |
4,897,968 |
Avg Vol (3m): |
3,217,190 |
Market Cap: |
172.75M |
|
|
Late December, GNBT was another one of the stocks we mentioned to keep an eye on as a candidate for the January Effect. The chart has been good since
Company |
Market Cap |
YTD Price Performance |
GNBT
Generex Biotechnology Corp
|
171.5M |
|
Balance sheet not bad, in terms of cash / debt.
Balance Sheet |
Total Cash (mrq): |
26.26M |
Total Cash Per Share (mrq): |
0.106 |
Total Debt (mrq): |
2.97M |
Total Debt/Equity (mrq): |
N/A |
Current Ratio (mrq): |
3.197 |
Book Value Per Share (mrq): |
0.107 |
One concern however is the float:
Shares Outstanding5: |
248.52M |
Float: |
242.81M |
Regarding insider action, nice to note a string of insider purchases in the last qtr.
The last GNBT insider buy occurred when FLETCHER MARK purchased a total of 8,700 shares on 1/4/2010. His total share holdings are now 266,077.Mark is Executive VP and General Counsel. In the last 5 years insiders have on average purchased 39,032 shares each year. A nice little vote of confidence into the new year.
INSIDER TRANSACTIONS REPORTED - LAST TWO YEARS |
Date |
Insider |
Shares |
Type |
Transaction |
Value* |
4-Jan-10 |
FLETCHER MARK Officer
|
8,700 |
Direct |
Purchase at $0.52 per share. |
$4,524 |
16-Nov-09 |
PERRI ROSE C Officer
|
10,000 |
Direct |
Purchase at $0.51 per share. |
$5,100 |
13-Nov-09 |
FLETCHER MARK Officer
|
10,000 |
Direct |
Purchase at $0.49 per share. |
$4,900 |
13-Nov-09 |
MASTERSON NOLA E Director
|
10,000 |
Direct |
Purchase at $0.49 per share. |
$4,900 |
|
Regarding coverage,
Reuters has them listed as an outperform. The link below provides a very detailed breakdown on their stats. The report is recent also: 11 Jan 2010
A board thead of interest:
....GNBT already has OTC products on the market, is developing multiple drugs including Oralyn, AE/37, Metaformin gum, OTC, flu vaccine, prostate vaccine....etc etc.
Once GNBT catches fire the uptrend will be drastic, and significant.....
Something else to point out. MNKD is rallying strong today on drug approval anticipation. GNBT is in a similiar mkt.
10.13 |
1.23 |
|
13.82% |
3,826,326 |
|
Last Trade as of 2:27 PM ET 1/14/10 |
A related thread:
Folks, this is a good thing for GNBT. If MNKD approved, then we are a shoe in. GNBT will rally.
Bottom Line: Buying opportunities under .70 look increasingly limited. The news has been good. Dispite the gains so far this year, still view as undervalued, especially given recent events. Expect the range to bump up into the .70's into next week. An outside chance of exploding to a buck should we see more news on the pharmacy chain situation.
Contact Info
Generex Biotechnology Corporation
33 Harbour Square, Suite 202, Toronto, ON,
M5J 2G2 Canada
(416) 364-2551
www.generex.com/
Ms. Anna E. Gluskin , 59
Chairperson, Chief Exec. Officer and Pres
Generex Biotechnology engages in the research, development, and commercialization of drug delivery systems and technologies for metabolic and immunological diseases. It develops a proprietary platform technology for the oral administration of large molecule drugs, including proteins, peptides, monoclonal antibodies, hormones, and vaccines. The company?s products include Generex Oral-lyn, an insulin spray formulation used for the treatment of Type-1 and Type-2 diabetes; Glucose RapidSpray, which provides an alternative for people who require additional glucose in their diet, as well as delivers glucose formulation directly into the mouth; BaBOOM! Energy Spray, an instant energy spray designed to increase energy levels for sports, work, study, travel, and overall fatigue; and Crave-NX, a fat-free glucose spray that is used as an aid for dieters. Generex Biotechnology Corporation?s under development products include medicinal chewing gum for the treatment of Type-2 diabetes mellitus and obesity; morphine and fentanyl products for breakthrough and postoperative pain; and AE37, an immunotherapeutic vaccine that is in Phase II clinical trials for patients with HER-2/neu positive breast cancer. The company markets its products through distributors and retail chains in Ecuador, Canada, and the United States. It has collaboration with Fertin Pharma A/S for the development of a metformin medicinal chewing gum. The company was founded in 1983 and is based in Toronto, Canada.