New York, NY, and Tel Aviv, ISRAEL - (NewMediaWire) - August 31, 2022 - Todos Medical, Ltd. (OTCQB: TOMDF), a comprehensive medical diagnostics and related solutions company, today announced that it has entered into a lease agreement in Cleburn, TX area for a 15,200 square-foot botanical supplement manufacturing facility on a 6-acre lot, with botanical extraction, distillation and finished good production capabilities. The facility is capable of producing Tollovid™, the Company’s majority owned subsidiary 3CL Pharma’s Ltd.’s 3CL protease inhibitor immune support dietary supplement, as well as other immune support supplement ingredients that could ultimately be added to new Tollovid formulations, including vitamin C and CBD-A. The facility is currently equipped with over $2,000,000 in botanical manufacturing equipment for the production of supplements and drugs. It can manufacture products from various botanical extract embodiments, including capsules, tinctures, gummies, drinks and syrups. The land on which the facility sites, along with its access to water supply, gives Todos the option to establish grow facilities in the years ahead and has sufficient space to ultimately produce up to 30,000,000 bottles of Tollovid per month. The facility has all of the necessary standard operating procedures (SOPs) in place to achieve current Good Manufacturing Practices (cGMP), and the Company expects the facility to achieve cGMP status by year-end 2022.
“We have spent the last two years incubating Tollovid by focusing on generating data on its in vitro 3CL protease activity and its effects on acute infection clients and Long Haulers,” said Gerald E. Commissiong, President & CEO of Todos Medical. “We have had several discussions with international distributors who love the ‘Made in the USA’ quality of the Tollovid brand and the data we have generated to date. With this manufacturing initiative, we can bring our cost of goods sold (COGS) to a level where we can compete in the supplement market internationally. This allows us to have full control over the manufacturing process, which means that we are now in a much better position to scale. Over the last month, as we finalized plans around this initiative, the team we have brought in to run the lab that has worked together at a prior CBD manufacturer for over 5 years was able to secure our first two CBD white-label clients who have delivered initial purchase orders for isolate capsules. We believe these first two clients will allow the new contract manufacturing business unit to be immediately cash flow positive and give us the confidence that we can grow this business in a measured way without significant working capital investment as we prepare to expand marketing and distribution for Tollovid domestically and internationally. Texas is a great state in which to do business, and we are excited by the relationships we expect to establish as a result of this strategically located facility.”