Todos Medical secures $1.3M deal to supply coronavirus testing equipment to Texas lab

Todos Medical Ltd (OTCQB:TOMDF), an in vitro diagnostics company, announced Monday that it has entered an agreement with a laboratory in Texas to supply it with coronavirus (COVID-19) testing equipment and supplies. The initial payment is nearly $1.3 million for an eight-month contract, which will see Todos supply automated extraction machines, liquid handlers and PCR machines. The company has also been granted a priority right to supply the lab with up to 75,000 COVID-19 PCR tests per day if the site faces additional testing demand.  READ: Todos Medical appoints new VPs for sales and sales operations “The recent COVID-19 automated instrument and consumable supply agreement between Todos Medical and this Texas-based laboratory is an example of Todos’ ongoing commitment to support the operations of America’s network of frontline laboratories as they work to meet the needs of the American public,” vice president of business development Andrew Blumenthal said in a statement. Headquartered in Rehovot, Israel, Todos also develops diagnostic solutions to screen for a variety of cancers and neurodegenerative disorders. Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com Follow him on Twitter @andrew_kessel