Business
Todos Medical Provides Corporate Update
Todos Medical Provides Corporate Update.
About this update from Todos Medical Ltd.
[{"type":"text","content":"\n New York, NY, and Tel Aviv, ISRAEL, Feb. 23, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Todos Medical, Ltd. (OTCQB: TOMDF), a comprehensive medical diagnostics and related solutions company, today provided a corporate update for shareholders. CLIA/CAP Clinical Lab Provista Diagnostics With the recent surge in respiratory viruses throughout the United States, there has been renewed interest in PCR testing to help physicians identify patients infected with COVID, Flu A/B, RSV and/or Strep A. As a result of this trend, certain private schools recently reestablished their COVID screening programs and are aggressively pursuing test-to-treat models which recently demonstrated that treatment with antivirals was associated with a lower risk of post-acute sequelae of COVID – currently the greatest COVID threat for schoolchildren. Todos believes it has capitalized on this emerging market trend at its CLIA/CAP clinical lab Provista Diagnostics by signing new reference lab agreements with CLIA labs that service urgent care centers and schools in the New York / New Jersey area, allowing it to generate record testing volumes of over 30,000 tests billed to date for the month of February. We have decided to wind down our pilot urinary tract infection, wound, gastrointestinal, respiratory pathogen and sexually transmitted disease PCR program in Dunnellon, Florida after a successful pilot launch with several strong case studies, after we were unable to scale the sales effort sufficiently to justify further investment. We have reprioritized our sales resources towards our core urban markets of Atlanta and New York / New Jersey where we have our deepest relationships and where the data from the Dunnellon pilot launch can be translated into more substantial commercial opportunities. Additionally, we are preparing to expand our testing panels to include toxicology testing, routine blood testing, cancer genetics (CGx) and pharmacogenomics (PGx) in order to be able to offer full service lab testing that will bolster our commercial opportunities.Our Long COVID Panel partnership with Amerimmune Diagnostics is starting to produce intriguing data for the identification of biomarkers associated with severe COVID and Long COVID that can be translated into definitive Long COVID diagnostic and disease monitoring panels. Combined with new marker...