Exhibit 21
Following is a list of the Company's subsidiaries, each of which, unless otherwise indicated, is wholly owned by the Company either directly or through another subsidiary. Second-tier subsidiaries are listed under the name of the parent subsidiary.
| Name | Place of Incorporation |
| • Generex Pharmaceuticals, Inc. | Ontario, Canada |
| o 1097346 Ontario, Inc. | Ontario, Canada |
| • NuGenerex Immuno-Oncology, Inc. | Delaware |
| • Nugenerex Diagnostics, Inc. | Florida |
| o Rapid Medical Diagnostics Corporation | Florida |
| • GNBTELC, LLC | Delaware |
| • Olaregen Therapeutix, Inc. | Delaware |
| • Regentys Corporation (56.3%) | Florida |
• Nugenerex Management Services, Inc. | Delaware |
| o Nugenerex Distribution Solutions 2, LLC | Delaware |
| § DMEiq, LLC (d/b/a DME-IQ) | Delaware |
| § Nugenerex Class B Rollup, LLC | Delaware |
| § Rapport Services, LLC ( 1% ) | Delaware |
| § NMSIELC, LLC | Texas |
| § High Desert Diagnostic Laboratory, Inc. | Arizona |
| • NuGenerex Distribution Solutions, LLC | Delaware |
| o Pantheon F & A, LLC | Delaware |
| o Nugenerex Surgical Holdings, LLC | Delaware |
| o Empire State Pharmacy Holdings, LLC | Pennsylvania |
| § Empire State Pharmacy, LLC | New York |
| • NuGenerex Health, LLC | Arizona |
| o NuGenerex HMO, LLC | Arizona |
| o NuGenerex MSO,LLC | Arizona |
| o Clinic AZ1, Ophthalmology, LLC | Arizona |
| o Clinic AZ1, Podiatry, LLC | Arizona |
| o Clinic AZ2, Ophthalmology, LLC | Arizona |
| o Clinic AZ2, Podiatry , LLC | Arizona |