Exhibit 21

SUBSIDIARIES OF GENEREX BIOTECHNOLOGY CORPORATION

Name	Place of Incorporation
Generex Pharmaceuticals, Inc.	Ontario, Canada
1097346 Ontario Inc.	Ontario, Canada
Generex (Bermuda), Inc.	Bermuda
Antigen Express, Inc.	Delaware, USA
Generex Pharmaceuticals (USA) LLC.	North Carolina, USA
Generex Marketing & Distribution Inc.	Ontario, Canada
Generex Biotechnology BALTIC	Republic of Latvia
Generex Biotechnology Limited	England and Wales

All subsidiaries are 100% owned.

To the extent that any of the above-named subsidiaries have commenced business operations, such subsidiaries conduct business only under their respective corporate names except for Antigen Express, Inc., which also does business under the name Generex Oncology and Generex Infectious Diseases.

1097346 Ontario Inc. a Canadian corporation incorporated in Ontario, Canada is a 100% owned subsidiary of Generex Pharmaceuticals, Inc.