GlobeNewswire Inc | Nov 19, 2020 08:30AM EST

November 19, 2020

Upcoming Vaccines Increase the Need for Ongoing Monitoring of Presence and Durability of Immunity

Mountain View, CA , Nov. 19, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire--Aditx Therapeutics, Inc. (Aditxt) (the Company) (Nasdaq: ADTX), a life sciences company developing biotechnologies specifically focused on improving the health of the immune system through immune monitoring and reprogramming, today announced that its AditxtScorelaboratory operations for immune monitoring has secured CLIA certification, allowing forthe launch of AditxtScorefor COVID-19as a Laboratory Developed Test (LDT).

AditxtScores operations will initially be co-located at the facilities of Salveo Diagnostics, Inc., the Companys collaboration partner, located in Richmond, VA.This will expedite the commercial launch of AditxtScore for COVID-19, which is targeted for January 2021.These Company-managed AditxtScoreoperations will provide Aditxt with the necessary flexibility, stringent quality control and rapid deployment needed for these sensitive products.

In parallel, Aditxt plans to continue to pursue the EUA application it submitted to the Food and Drug Administration in late August 2020 for AditxtScorefor COVID-19, which is expected to provide a path to 510(k) clearance as well.

Amro Albanna, Co-Founder and CEO of Aditxt, commented, As we prepare to roll out the AditxtScore immune monitoring platform and applications, the establishment of our own CLIA-certified AditxtScore operation is vital to realizing our full vision, which is to transform immune diagnosis from reactive testing to proactive monitoring. We believe that the upcoming availability of two new vaccines, as was recently announced, will increase the need for ongoing monitoring of the immune system in order to assess the presence and durability of immunity at any point in time.

About Aditx TherapeuticsAditxt is developing technologies specifically focused on improving the health of the immune system through immune monitoring and reprogramming. The immune monitoring technology is designed to provide a personalized comprehensive profile of the immune system. The immune reprogramming technology is currently at the pre-clinical stage and is designed to retrain the immune system to induce tolerance with an objective of addressing rejection of transplanted organs, autoimmune diseases, and allergies. For more information, please visit: www.aditxt.com

Forward-Looking StatementsCertain statements in this press release constitute forward-looking statements within the meaning of the federal securities laws. Forward looking statements include statements regarding the Companys intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things, the Companys ongoing and planned product development; the Companys intellectual property position; the Companys ability to develop commercial functions; expectations regarding product launch and revenue; the Companys results of operations, cash needs, spending, financial condition, liquidity, prospects, growth and strategies; the industry in which the Company operates; and the trends that may affect the industry or the Company. Forward-looking statements are not guarantees of future performance and actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, as well as those risks more fully discussed in the section entitled Risk Factors in the Companys prospectus, dated September 1, 2020, that was filed with the Securities and Exchange Commission under File No. 333-248491, as well as discussions of potential risks, uncertainties, and other important factors in the Companys subsequent filings with the Securities and Exchange Commission. All such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations:PCG AdvisoryJeff RamsonChief Executive OfficerIR@aditxt.com646-762-4518www.aditxt.com