Todos Medical Begins Trading on the OTC Pink Marketplace

Rhea-AI Summary

On March 27, 2023, Todos Medical (OTCQB: TOMDF) announced its Ordinary shares will commence trading on the OTC Pink marketplace following a decline in closing bid prices below $0.001 for five consecutive days, from March 20 to March 24, 2023. The company specializes in medical diagnostics, particularly in cancer detection through its proprietary Todos Biochemical Infrared Analyses (TBIA). Todos recently acquired Provista Diagnostics to leverage its lab for PCR COVID testing and cancer diagnostics. Additionally, Todos is advancing blood tests for neurodegenerative disorders and has formed a joint venture, 3CL Pharma, for developing protease inhibitor products.

Positive

• Commencement of trading on the OTC Pink marketplace, potentially increasing visibility and liquidity.
• Recent acquisition of Provista Diagnostics enhances diagnostic capabilities and revenue potential.
• Development of proprietary cancer screening technologies (TMB-1 and TMB-2) with CE mark approval.

Negative

• Share price decline leading to OTC Pink market listing raises concerns about investor confidence.
• Risks related to clinical trials and regulatory approvals as highlighted in the forward-looking statements.

New York, NY, Alpharetta, GA, Tel Aviv, ISRAEL, March 27, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Todos Medical, Ltd. (OTCQB: TOMDF), a comprehensive medical diagnostics and related solutions company, today announced that its Ordinary shares will begin trading on the OTC Pink marketplace beginning on March 27, 2023 as a result of the Company’s closing bid price falling below $0.001 for 5 consecutive trading days, from March 20, 2023 through March 24, 2023.

For more information, please visit todosmedical.com. For more information on the Company’s 3CL protease inhibitor dietary supplement that provides immune support with 3CL protease inhibition. please visit www.mytollovid.com.

About Todos Medical Ltd.

Founded in Rehovot, Israel with offices in New York City, Todos Medical Ltd. (OTCQB: TOMDF) engineers life-saving diagnostic solutions for the early detection of a variety of cancers. The Company's state-of-the-art and patented Todos Biochemical Infrared Analyses (TBIA) is a proprietary cancer-screening technology using peripheral blood analysis that examines cancer's influence on the immune system, looking for biochemical changes in blood mononuclear cells and plasma. Todos’ two internally developed cancer-screening tests, TMB-1 and TMB-2 have received a CE mark in Europe. Todos recently acquired U.S.-based medical diagnostics company Provista Diagnostics, Inc. to gain rights to its Alpharetta, Georgia-based CLIA/CAP certified lab currently performing PCR COVID testing, Long COVID Panel analyses, and Provista's proprietary commercial-stage Videssa® breast cancer blood test. More information on Provista is available at www.provistadx.com.

Todos is also developing blood tests for the early detection of neurodegenerative disorders, such as Alzheimer's disease. The Lymphocyte Proliferation Test (LymPro Test™) is a diagnostic blood test that determines the ability of peripheral blood lymphocytes (PBLs) and monocytes to withstand an exogenous mitogenic stimulation that induces them to enter the cell cycle. It is believed that certain diseases, most notably Alzheimer's disease, are the result of compromised cellular machinery that leads to aberrant cell cycle re-entry by neurons, which then leads to apoptosis. LymPro is unique in the use of peripheral blood lymphocytes as a surrogate for neuronal cell function, suggesting a common relationship between PBLs and neurons in the brain.

Todos formed the Israeli-based majority-owned joint venture 3CL Pharma Ltd with NLC Pharma in March of 2022 to consolidate all of the intellectual property surrounding 3CL protease–based diagnostic testing and development of 3CL protease botanical and pharmaceutical inhibitors that target a fundamental reproductive mechanism of coronaviruses. 3CL Pharma, through Todos’ brand, has commercialized the 3CL protease inhibitor immune support dietary supplement Tollovid™ in the United States, is developing the dual mechanism 3CL protease inhibitor and anti-cytokine therapeutic drug candidate Tollovir™, while also developing the 3CL protease diagnostic TolloTest™.

To purchase Tollovid please visit Amazon or www.MyTollovid.com.
For more information, please visit https://todosmedical.com/.

Forward-looking Statements

Certain statements contained in this press release may constitute forward-looking statements. For example, forward-looking statements are used when discussing our expected clinical development programs and clinical trials. These forward-looking statements are based only on current expectations of management, and are subject to significant risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, including the risks and uncertainties related to the progress, timing, cost, and results of clinical trials and product development programs; difficulties or delays in obtaining regulatory approval or patent protection for product candidates; competition from other biotechnology companies; and our ability to obtain additional funding required to conduct our research, development and commercialization activities. In addition, the following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; delays or obstacles in launching our clinical trials; changes in legislation; inability to timely develop and introduce new technologies, products and applications; lack of validation of our technology as we progress further and lack of acceptance of our methods by the scientific community; inability to retain or attract key employees whose knowledge is essential to the development of our products; unforeseen scientific difficulties that may develop with our process; greater cost of final product than anticipated; loss of market share and pressure on pricing resulting from competition; and laboratory results that do not translate to equally good results in real settings, all of which could cause the actual results or performance to differ materially from those contemplated in such forward-looking statements. Except as otherwise required by law, Todos Medical does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risks and uncertainties affecting Todos Medical, please refer to its reports filed from time to time with the U.S. Securities and Exchange Commission.

Todos Corporate and Investor Contact:
Gerald Commissiong
President & CEO
gerald@todosmedical.com

FAQ

Why is Todos Medical trading on the OTC Pink marketplace?

Todos Medical's shares are trading on the OTC Pink marketplace due to a decline in its closing bid price below $0.001 for five consecutive days from March 20 to March 24, 2023.

What diagnostics does Todos Medical provide?

Todos Medical specializes in diagnostics for early cancer detection, utilizing proprietary technologies like the Todos Biochemical Infrared Analyses (TBIA) and recently acquired capabilities from Provista Diagnostics.

What is the significance of the acquisition of Provista Diagnostics?

The acquisition of Provista Diagnostics allows Todos to enhance its diagnostic offerings, including PCR COVID testing and breast cancer blood tests, potentially boosting revenue.

What products is Todos Medical developing for neurodegenerative disorders?

Todos Medical is developing blood tests for neurodegenerative disorders, including the LymPro Test, aimed at early detection of Alzheimer's disease.

What is 3CL Pharma's role with Todos Medical?

3CL Pharma, a joint venture formed by Todos Medical, focuses on developing protease inhibitors and related diagnostic products, including the immune support dietary supplement Tollovid.