▪ Rural FL launch serves as proof of concept for underserved regions nationally
NEW YORK, NY and TEL AVIV, Israel - (NewMediaWire) - October 06, 2022 - Todos Medical, Ltd. (OTCQB: TOMDF), a comprehensive medical diagnostics and related solutions company, today announced that its CLIA/CAP laboratory, Provista Diagnostics,has successfully completed a pilot launch of the Company’s Suite of PCR Testing services in the rural city of Dunnellon, Florida. The PCR testing services include Urinary Tract Infection (UTI), Wound, Respiratory Pathogen (RP), Gastrointestinal (GI), Sexually Transmitted Infections (STI), COVID and MonkeyPox panels. The Company’s offering delivered 24h turnaround time for results, a local patient service center to facilitate sample collection, and pharmacist interpretation to assist the physician with prescription decision-making. The Company successfully onboarded over 10 physician practices in the area, primarily specialists and skilled nursing facilities, and is now preparing to fully launch in Dunnellon and neighboring rural jurisdictions in preparation to launch in strategic underserved communities nationwide.
“We are very pleased with our initial launch, having gained valuable information on the marketplace as to which practices are most in-need of our services, how to educate the physicians ordering the tests on the value of PCR testing being a significant improvement vs. cell culture in terms of turnaround time and prescribing success that improved patient outcomes,” said Dr. Philippe Goix, Chief Commercial Officer at Provista Diagnostics. “With this valuable information now in hand, we are finalizing marketing collateral acquisition from local key opinion physicians and our public relations team is preparing to expand our efforts beyond this initial launch jurisdiction to a broader subset of the local community to perfect our approach locally before strategically rolling out our national sales plan. We are very excited with the data generated that we believe will create significant interest among Accountable Care Organizations that are seeking ways to improve outcomes while reducing overall costs. We believe our approach fits squarely in this paradigm.”
“Provista has now officially expanded beyond COVID testing and is beginning to generate an increasing part of its revenue from non-COVID related testing,” said Gerald Commissiong, President & CEO of Provista Diagnostics and Todos Medical, Provista’s parent company. “While we remain ready for the expected nationwide holiday surge in COVID PCR testing, it is clear that non-COVID related testing will become an increasingly important part of Provista’s business model, especially as we prepare to launch our proprietary breast cancer blood test Videssain 2023. We expect to add cancer genetic (CGx) and pharmacogenomics (PGx) testing to our offering in the months ahead that will allow us to begin more cancer-related practices in preparation for Videssa’s launch.”
Mr. Commissiong continued, “As such, the pilot launch of our suite of PCR tests, combined with the pilot launch of our Amerimmune Long COVID panel with samples that can be collected at any Quest Diagnostics patient service center outside New York and California targeting the over 20 million American Long Haulers who really need to start monitoring their immune systems more closely, are expected to provide a strong revenue base for the Company that we see expanding in the years ahead as PCR testing replaces cell culture testing, Long COVID becomes more well-known, and interventions are identified that can forestall or reverse symptoms and underlying pathology. We are already generating great dataon our Tollovid™ supplement in Long COVID and we believe we will identify complementary botanical products that we will offer to the Long COVID community as more detailed scientific information emerges from our work and from others.”
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.
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