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Todos Medical Partner NLC Pharma Assigns IP for Tollovir™, Tollovid™, and TolloTest™ into JV 3CL Pharma
Todos Medical Partner NLC Pharma Assigns IP for Tollovir™, Tollovid™, and TolloTest™ into JV 3CL Pharma.
About this update from Todos Medical Ltd.
[{"type":"text","content":"\n 3CL Pharma preparing crowdfunding to fund Tollovir EUA filing in hospitalized COVID patients and Tollovir, Tollovid and TolloTest clinical development for Long COVIDFunding also to be used to support US national marketing campaign for Tollovid sales New York, NY, and Tel Aviv, ISRAEL, Sept. 12, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Todos Medical, Ltd. (OTCQB: TOMDF), a comprehensive medical diagnostics and related solutions company, today announced that it signed an amendment to its agreement with its 3CL protease biology theranostics partner NLC Pharma, Ltd. As a consequence, NLC Pharma has assigned ownership of all relevant intellectual property to majority-owned joint venture 3CL Pharma Ltd. The assignment includes the patent applications for dual mechanism (3CL protease inhibitor and CCR5 antagonist) Phase 2 therapeutic drug candidate Tollovir™, commercial-stage 3CL protease inhibitor immune support supplement Tollovid™, and 3CL protease biomarker test TolloTest™ for SARS-CoV-2 infectivity monitoring and PASC/Long COVID viral persistence assessment (“The IP”). 3CL Pharma Ltd. is now preparing to launch a crowdfunding campaign to fund the necessary requirements for an Emergency Use Authorization (EUA) submission to the US FDA for Tollovir in the treatment of hospitalized (severe/critical) COVID-19 patients, the clinical development of Tollovir, Tollovid and TolloTest in Long COVID, as well as a national marketing campaign for Tollovid to support US sales. Todos is targeting a crowdfunding launch ahead of October 6th, 2022 in alignment with the FDA’s Adcom meeting for Veru, Inc.’s sabizabulin which is another COVID-19 drug seeking approval in the hospitalized setting. “We are extremely pleased to have completed this key milestone in our joint venture with NLC Pharma allowing us to finalize preparations for the 3CL Pharma crowdfunding campaign that we have been planning for several months,” said Gerald E. Commissiong, President & CEO of Todos Medical and Interim-CEO of 3CL Pharma. “Todos has been funding the incredible work of Dr. Arad who has been leading a team from both Todos and NLC working together to achieve key milestones for Tollovir, Tollovid and TolloTest. With The IP now formally in 3CL Pharma, we can now open up the opportunity to directly inv...