Todos Medical Ltd (TOMDF) Stock More Than Doubled: But Why?

Medical diagnostics and associated solutions firm Todos Medical Ltd (OTCMKTS:TOMDF) started the week off with a bang as its stock went up by more than 100% on Monday and in light of such gains, it might be worthwhile to take a look at the announcement that set the rally off.

Yesterday, it was announced by the company that its Chief Executive Officer Gerald Commissiong was going to make an appearance on the show named Varney & Co on the Fox Business Networks yesterday. Considering the fact that Varney & Co is a popular show, the reaction to the news in the markets was understandable and on top of that, the main subject of the discussion may have been a factor as well.

Todos Medical had announced at the time that during the course of the interview Commissiong was going to talk about the launch of the company’s cPass neutralising antibody testing. However, that was not all. He was also going to talk about the way in which the product was going to be helpful for both healthcare professionals as well as for patients when it came to keeping track of the immunity from COVID 19. That is particularly important since booster shots are soon going to be launched in the United States.