World News: 13:57 GMT Tuesday 28th May 2019. [Todos Medical Ltd. via Globe Newswire via SPi World News]
REHOVOT, Israel, May 28, 2019 (GLOBE NEWSWIRE) -- Todos Medical Ltd. (OTCQB: TOMDF), a clinical-stage in-vitro-diagnostics company focused on the development of blood tests for the early detection of cancer and neurodegenerative disorders, such as Alzheimer's disease, today announced that it has received and analyzed data from the University of Leipzig on the lymphocyte proliferation test (‘LymPro”), which demonstrated a strong correlation between LymPro and amyloid PET. Upon review of the LymPro data, Todos Medical exercised its exclusive option to acquire the remaining 80.01% of its joint venture Breakthrough Diagnostics from Amarantus Bioscience Holdings, Inc. (OTCPK: AMBS). The transaction is expected to close upon listing of Todos’ common stock on a national stock exchange.
“Todos Medical was very pleased with the positive data we received from the University of Leipzig on the LymPro test,” said Herman Weiss, MD, President & CEO of Todos Medical. “The data we received is exciting as we believe it will lead to the creation of a screening test for Alzheimer’s disease, potentially the first to be developed. With LymPro’s focus on measuring immune markers that are directly linked to well established cell proliferation processes, we are expanding our understanding of how the body’s immune system responds to disease and how we can use this response to diagnose early and monitor the progression of Alzheimer’s disease. We believe this could be an invaluable tool for pharmaceutical companies’ development of novel treatments for Alzheimer’s, as well as a critical component to early diagnosis that may have a meaningful impact on the cost-curve associated with Alzheimer’s, estimated to be currently $250 billion annually in the US, and expected to grow to $1.2 trillion by 2050.”
“Todos Medical is rapidly building upon its deep understanding of the interplay between immune system and aberrant cell proliferation processes that lead to disease,” said Gerald E. Commissiong, President & CEO of Amarantus and Interim-CEO of Breakthrough Diagnostics, Inc. “We believe this combination of system and cellular processes will help drive the clinical and commercial plan for LymPro. LymPro has the potential to disrupt the current paradigm for Alzheimer’s disease diagnosis and monitoring of progression, and we believe the insights Todos has gained through the commercialization of its cancer tests will be invaluable as we prepare to take LymPro through the commercialization process.”
Todos Medical will be presenting at two upcoming micro-cap investor conferences.
Event: Alzheimer’s Solution Conference-Hosted by InvestacureDate: June 2-3, 2019Location: University of Sciences, McNeil Science and Technology Center, Philadelphia, PA
Event: LD Micro International Annual InvitationalDate: June 4-5, 2019Location: Luxe Sunset, Bel Air, California
The Alzheimer’s Solutions Conference is dedicated to connecting small companies with key opinion leaders in Alzheimer’s disease, as well as institutional and retail investors to spur new investment in Alzheimer’s disease. Breakthrough Diagnostics’ scientific advisor Dr. Paula Trzepacz will be presenting an overview of LymPro for attendees. LD Micro will present an opportunity for Todos Medical to introduce management to the investment community and present its value proposition to investors, industry executives and analysts who are interested specifically in the small and micro-cap space.
All interested parties wishing to set up a one-on-one meeting with Todos management are welcome to contact us.
For more information, the content of which is not part of this press release, please visit .
For further information please visit www.Amarantus.com, or connect with the Amarantus on Facebook, LinkedIn, Twitter and Google+.
Globe Newswire: 13:57 GMT Tuesday 28th May 2019
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