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Generex acquires two retail pharmacy operations; shares up 26%

Published 01/03/2018, 10:44 AM
Updated 01/03/2018, 10:44 AM
© Reuters.  Generex acquires two retail pharmacy operations; shares up 26%
  • Following through on its strategy to establish a footprint in the U.S. direct-to-consumer pharmaceuticals business, Generex Biotechnology (OTCQB:GNBT +26%) acquires two pre-operational retail pharmacy operations: Empire State Pharmacy in New York and Grainland Pharmacy in Kansas. Both should be fully operational this quarter.
  • Financial terms are not disclosed.
  • The company says it plans to establish a nationwide presence in the space through its wholly owned subsidiary NuGenerex Distribution Solutions, LLC.
  • Now read: Teva Pharmaceutical (NYSE:TEVA) Could Settle At


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Latest comments

good plan very bad timing. if Chinese come thru with $$$$$$$ millions for the COMPLETE VACCINE now at the end of testing the company could be worth BILLIONS
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