Todos Med Ltd (TOMDF)

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NEWS: Todos Medical’s Provista Laboratory to Boost Top Line Through New Atlanta-based Reference Lab Agreement for COVID PCR, cPass Neutralizing Antibody & Respiratory Pathogen Panel Tests

https://investor.todosmedical.com/news-events/press-releases/detail/149/todos-medicals-provista-laboratory-to-boost-top-line

New York, NY, and Tel Aviv, ISRAEL, Nov. 16, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Todos Medical, Ltd. (“Todos Medical”) (OTCQB: TOMDF), a comprehensive medical diagnostics and related solutions company, today announced that its wholly-owned CLIA/CAP laboratory Provista Diagnostics has entered into a new reference lab agreement with an Atlanta-based CLIA laboratory (the “New Client”). Provista will be providing COVID PCR, cPass Neutralizing Antibody and Respiratory Pathogen Panel (RPP) testing with local sample collection expected to yield less than 12-hour turnaround times. The Company expects to initially add 2,000 COVID PCR tests monthly, and increase the overall production on a monthly basis. Due to the steadily increasing demand for combined COVID and RPP testing for symptomatic pediatric patients, Provista’s highly automated systems provide for quick turnaround time making it uniquely positioned to meet the demands of this lab and others seeking these reference services. Fast and accurate testing can determine the most effective course of treatment. This year many in the industry are expecting a harsh cold and flu season. Additionally, the New Client already services skilled nursing and long-term care facilities that are looking to add the cPass neutralizing antibody testing into their health & safety protocols for residents and staff.

“Business development at Provista is in a pronounced upswing. We see it in the increased throughput and the increasing sales pipeline,” said Gerald E. Commissiong, President & CEO for Todos Medical & Provista. “This momentum at Provista is exactly what we need to energize the business, as we expect this will be the first of many reference lab agreements for whom we can deliver high throughput testing with very fast and clinically relevant turnaround times. Our sales team is positioning our excess testing capability extremely well and it’s resonating with prospects. As we move into the holiday traveling season with falling temperatures that lead people indoors, the PCR COVID, cPass, and RPP testing panel have become critically important tests. This reference agreement could potentially drive millions to our top line, and provide further validation for other reference lab clients of our ability to deliver. Additionally, these testing options should make a big difference in our community to maximize safety for the holidays.”