About ZomedicaBased in Ann Arbor, Michigan, Zomedica (NYSE American: ZOM) is a veterinary health company creating products for dogs and cats by focusing on the unmet needs of clinical veterinarians. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Can Dropbox Compete in the Collaboration Software Market? We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Being able to conduct the test themselves gives faster results, allowing for a quicker start of treatment. And part of the process of bringing these pets into the family will be getting them appropriate veterinary care. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. The potentially revolutionary TRUFORMA diagnostic device is smaller than a desktop printer and is designed to provide highly sensitive, species-optimized initial assays for the diagnosis of thyroid disease in dogs and cats, and adrenal disease in dogs. NYSEAMERICAN:ZOM is fast approaching what shareholders are hoping to be a defining moment in the company's history at the end of March. However, ZOM does not own the technology underlying Truforma and according to. Uniquely, the TRUFORMA platform uses Bulk Acoustic Wave (BAW) technology, developed by Qorvo, to provide a non-optical and fluorescence-free detection system for use at the point-of-care. It is a credit to all of our employees and their laser focus on advancing TRUFORMA over the last many months that we are able to move into this final phase as we approach the commercial availability of our first product. The companys very first commercial product, Truforma is a shoebox-sized point-of-care diagnostic tool for veterinary offices. Necessary cookies are absolutely essential for the website to function properly. It is Zomedicas mission to provide veterinarians the opportunity to increase productivity and grow revenue while better serving the animals in their care. You dont need to get a huge return on Zomedica to make it worthwhile investment. Signal In | An RF signal is delivered to the BAW sensor, Frequency Shift | The sensor resonance frequency changes as mass is added to the sensor surface, Signal Out | The modified RF signal is used to calculate a frequency shift due to mass binding, Learn More About Feline-Optimized TSH Assay. The fallouts from that hype have included extreme volatility in ZOM stock. We dedicate ourselves to serving the needs of the broader veterinary community by offering lab services through Bloodhound laboratories, which will allow our practice partners to also advance their endocrine practice. Regardless- Truforma is the real deal , FDA approved & ready to launch. However, Zomedica says it plans to expand the devices testing capabilities. A highly respected board-certified veterinary internist and neurologist, Dr. Bergs dedication to advancing the field of veterinary medicine has garnered national and international recognition. The Company has completed verification for canine and feline TSH, canine and feline tT4, canine fT4 and canine cortisol assays, and validation efforts are underway for all of these assays. This category only includes cookies that ensures basic functionalities and security features of the website. Contact Chris Markoch via email at CTMarkoch@msn.com. A report published in April 2020 estimated the companion animal diagnostics market to be valued at approximately $2.0 billion in 2019. They include clinical biochemistry, immunodiagnostics, hematology, urinalysis, molecular diagnostics and others (which, of course, factors other small applications). It is Zomedicas mission to provide veterinarians the opportunity to increase productivity and grow revenue while better serving the animals in their care. Readers are cautioned that this list of risk factors should not be construed as exhaustive. As previously reported, this organization will include distributors, distributor support representatives, direct sales representatives and professional service veterinarians. Uh-Oh. The dynamic range of the canine TRUFORMA fT4 assay is 7.4-77.2 pmol/L compared to the Siemens IMMULITE Veterinary Free T4 assay dynamic range of 3.9-77.2 pmol/L. When youre investing in penny stocks, the axiom that pigs get fat, hogs get slaughtered is apt advice. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, including assumptions with respect to American economic growth, demand for the Companys products, the Companys ability to produce and sell its products, sufficiency of our budgeted capital and operating expenditures, the satisfaction by our strategic partners of their obligations under our commercial agreements, our ability to realize upon our business plans and cost control efforts and the impact of COVID-19 on our business, results and financial condition. The diagnostics segment of the global companion animal market is expected to reach $2.8 billion by 2024 from $1.7 billion in 2019, at a 9.8% CAGR. The applications of Truforma are limited to the immunodiagnostics sub-market, which isnt the fastest-growing submarket molecular diagnostics is. By clicking Accept All, you consent to the use of ALL the cookies. We also use third-party cookies that help us analyze and understand how you use this website. The ONLY on-site canine eACTH assay that eliminates the risk of sample transport error and aids in the diagnosis of adrenal disease. The completions add three newly verified assays, feline total T4 (tT4), and canine and feline TSH (thyroid stimulating hormone). The company announced last September that it has started developing a gastrointestinal testing panel for Truforma. Also, the verification data demonstrated promising correlation and dynamic range results for the TRUFORMA TSH assay compared to the current industry standard Siemens IMMULITE Canine TSH reference lab assay. BAW technology is also used in cell phones and the worlds most advanced radar and communications systems and is considered an extremely reliable and precise technology. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; uncertainty as to the timing and results of development work and verification and validation studies; uncertainty as to the timing and results of commercialization efforts; uncertainty as to our ability to supply equipment and assays in response to customer demand; uncertainty as to the likelihood and timing of any required regulatory approvals, availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; veterinary acceptance of our products; competition from related products; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; our ability to secure and maintain strategic relationships; performance by our strategic partners of our obligations under our commercial agreements, including product manufacturing obligations; risks pertaining to permits and licensing, intellectual property infringement risks, risks relating to any required clinical trials and regulatory approvals, risks relating to the safety and efficacy of our products, the use of our products, intellectual property protection, risks related to the COVID-19 pandemic and its impact upon our business operations generally, including our ability to develop and commercialize our products, and the other risk factors disclosed in our filings with the SEC and under our profile on SEDAR at www.sedar.com. Lower costs and improved efficiency for veterinarians: If Truforma delivers on the promise of improved test accuracy, it could help veterinarians become more competitive in two ways. Signal In | An RF signal is delivered to the BAW sensor The technology is a high-precision solution presently being used to deliver cleaner signals in communications materials particularly the next-gen 5G-enabled devices. About ZomedicaBased in Ann Arbor, Michigan, Zomedica (NYSE American: ZOM) is a veterinary health company creating products for dogs and cats by focusing on the unmet needs of clinical veterinarians. He received his DVM degree from Texas A&M University and went on to complete his internship and residency training in veterinary neurology and internal medicine at The AnimalMedical Center in New York City, receiving board certification in neurology in 2000 and in internal medicine in 2002. Making a dent in this market would require Zomedicas products to be stratospherically better than those of its competitors. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; uncertainty as to the timing and results of development work and verification and validation studies; uncertainty as to the timing and results of commercialization efforts, as well as the cost of commercialization efforts, including the cost to develop a distribution network and manage our growth; uncertainty as to our ability to supply equipment and assays in response to customer demand; uncertainty as to the likelihood and timing of any required regulatory approvals, and the availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; veterinary acceptance of our products; competition from related products; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; our ability to secure and maintain strategic relationships; performance by our strategic partners of their obligations under our commercial agreements, including product manufacturing obligations; risks pertaining to permits and licensing, intellectual property infringement risks, risks relating to any required clinical trials and regulatory approvals, risks relating to the safety and efficacy of our products, the use of our products, intellectual property protection, risks related to the COVID-19 pandemic and its impact upon our business operations generally, including our ability to develop and commercialize our products, and the other risk factors disclosed in our filings with the SEC and under our profile on SEDAR at www.sedar.com. The information contained on this may be Paid Advertising for purposes of Section 17(b) of the Securities Act of 1933, as amended (together with the rules and regulations there under, the Securities Act). Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. The company describes Truforma as a biosensor platform intended for helping veterinarians in diagnosing complex conditions in cats and dogs. The first and only feline-optimized TSH assay, which will help veterinarians more readily differentiate between hyperthyroidism and euthyroid sick syndrome. Is Ollies Bargain Outlets A Value Or A Trap? The ONLY free-T4 (fT4) assay available at point of care, eliminating inaccurate results due to sample heating during shipment to a reference laboratory. The TRUFORMA TSH assay was developed and verified for use with both canine and feline samples. The launch of the TRUFORMA platform is nearing. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. New tech for diagnosing dogs and cats could be a pet-care game changer, but uptake by vets isn't certain. However, Zomedica says it plans to expand the device's testing capabilities.. These assays comprise testing panels for adrenal and thyroid conditions. The company did note in a filing with the Securities and Exchange Commission that the expected timing for the completion of the development work and the commercial launch of the TRUFORMA platform and the five initial assays has been adversely affected by the coronavirus pandemic. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Verification data comparing the canine TRUFORMA TSH assay to the Siemens IMMULITE Canine TSH assay showed high correlation (R=0.99). A highly respected board-certified veterinary internist and neurologist, Dr. Bergs dedication to advancing the field of veterinary medicine has garnered national and international recognition. 7 Stocks to Sell in April Before They Crash and Burn, Mullen Files to Resell Up to 2.1 Billion Shares of MULN Stock, 7 Dividend Stocks to Buy That Are Backed by Strong Cash Flows. Any internet-connected device can access MyZomedica to view interactive charts, diagnostic tools, and export/print results. Although the company has applied for four patents, a portion of any revenue will have to be paid to the owners of the intellectual property. 2023 InvestorPlace Media, LLC. The Michigan-based company has no revenue. The device, which is on pace to launch by the end of first quarter of 2020, is expecting to earn a large share of the estimated $2.7 billion companion pet diagnostic and healthcare market expected by 2024. Copyright This means that the standard extended process of diagnosing these ailments adds to the overall cost of treating cats and dogs. Assay performance metrics to determine specificity and sensitivity were determined with the goal of meeting or exceeding the stringent testing standards found in a reference lab setting. Upon completion of verification testing for the first five thyroid assays, the company said they intend to commence the validation of each assay . Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; uncertainty as to the timing and results of development work and verification and validation studies; uncertainty as to the timing and results of commercialization efforts, as well as the cost of commercialization efforts, including the cost to develop a distribution network and manage our growth; uncertainty as to our ability to supply equipment and assays in response to customer demand; uncertainty as to the likelihood and timing of any required regulatory approvals, and the availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; veterinary acceptance of our products; competition from related products; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; our ability to secure and maintain strategic relationships; performance by our strategic partners of their obligations under our commercial agreements, including product manufacturing obligations; risks pertaining to permits and licensing, intellectual property infringement risks, risks relating to any required clinical trials and regulatory approvals, risks relating to the safety and efficacy of our products, the use of our products, intellectual property protection, risks related to the COVID-19 pandemic and its impact upon our business operations generally, including our ability to develop and commercialize our products, and the other risk factors disclosed in our filings with the SEC and under our profile on SEDAR at www.sedar.com. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Further, nothing in this communication is intended to provide tax, legal, or investment advice and nothing in this communication should be construed as a recommendation to buy, sell or hold any investment or security or to engage in any investment strategy or transaction. And a successful launch may do just that. Zomedica Corp. ANN ARBOR, Mich., March 16, 2021 (GLOBE NEWSWIRE) -- Zomedica Corp.(NYSE American: ZOM) (Zomedica or the Company), a veterinary health company creating point-of-care diagnostics products for dogs and cats, yesterday recorded the first veterinarian sale of TRUFORMA and officially entered commercialization. Zomedica pointed to dynamic range as being another critical factor in favor of its TRUFORMA device. Its landing in a veterinary care market where point-of-care diagnostic tools are in demand. It will address the effect of critical illness on the hypothalamic-pituitary-adrenal and -thyroidal axes and the use of these hormones in predicting the trajectories of individual patients. Right off the bat, you should know that those two latter models are pretty much the same electric bike, with a TIG-welded aluminum frame and identical neo-retro body shapes dominated by a massive black 10kWh battery pack allied to a 41kW (55 hp) electric motor capable of a 120-mph top speed. Before you consider Zomedica, you'll want to hear this. The feasibility and design phases of the TRUFORMA ACTH assay have been completed, with verification expected to begin in the near future. 100 Phoenix DriveSuite 125Ann Arbor, MI 48108, General inquiries: info@zomedica.comInvestor inquiries: investors@zomedica.com, Privacy Notice | Terms of Use | Supplier Terms & Conditions | Minimum Advertised Pricing | Customer Terms & Conditions | Forward Looking Statements. These cookies will be stored in your browser only with your consent. The Launch of Truforma Should Send Zomedica to An All-Time High Fri., March 12, 2021 | Chris Markoch Zomedica (NYSEAMERICAN:ZOM) is a pre-revenue company that is about to bring its first product to market. Dynamic range is the functional range of a test over which the concentrations of an analyte can be measured with acceptable accuracy and precision. This was about a 17% improvement in how much money it lost the prior year. Chris doesnt have a traditional finance background. There are a few things to note from those forecast figures, though. On the date of publication,Craig Adeyanjudid not have (either directly or indirectly) any positions in the securities mentioned in this article. All rights reserved. Zomedica, (NYSE American:ZOM), a veterinary diagnostic company, has completed the final verification of three additional assays for use with its TRUFORMA point-of-care diagnostic platform. Project Timeline Overview. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Naturally the market didnt like that move, and ZOM stock has slipped about 30% since the deal closed. Protected by approximately 70 issued and pending patents, the TRUFORMA diagnostic platform uses Bulk Acoustic Wave (BAW) technology, developed by Qorvo (NASDAQ: QRVO) to provide a non-optical and fluorescence-free detection system for use at the point-of-care. We are, of course, approaching our planned March 30 th commercial launch of TRUFORMA, our point-of-care diagnostic platform. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Flexible use cases: At launch, the Truforma would support tests for adrenal and thyroid disorders in cats and dogs. 2023 InvestorPlace Media, LLC. Chris has been writing for MarketBeat since 2018. The first official purchaser of a TRUFORMA system was Jason Berg, DVM, DACVIM, founder and president of Guardian Veterinary Specialists, a 29,000-square-foot advanced emergency critical care and specialty hospital in Brewster, New York. Zomedicas product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. Commercialization plans remain on track and we are beginning to . No information contained in this communication constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other similar product or service regardless of whether such security, product, or service is referenced in this communication. Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. Zomedica believes that the TRUFORMA platform represents the first use of BAW technology in disorder and disease-state diagnostics. (844) 978-6257. 0.0001). Truforma goes on sale starting March 30. BVSc, MMedVet(Med), PhD, DSAM, Dipl, ECVIM. With any penny stock a range of outcomes is possible. The first official purchaser of a TRUFORMA system was Jason Berg, DVM, DACVIM, founder and president of Guardian Veterinary Specialists, a 29,000-square-foot advanced emergency critical care and specialty hospital in Brewster, New York. TRUFORMA assays achieve reference lab performance levels. But does the prospect of finally generating revenue justify a 2,500% surge in ZOM stock price in four months? However, things arent quite that simple when it comes to Zomedica. In his latest feat, Louis discovered the Master Key to profiting fromthe biggest tech revolution of this (or any) generation. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Gains of 41% one day, followed immediately by a drop of 14% the next session. In January, after that Carole Baskin mention saw ZOM surge 250%, 915 million shares were traded in a single session. Included in their research and development activities, Zomedica screened 25 monoclonal antibodies pairs to determine an antibody pair with optimum performance for canine and feline testing. PCG does not provide investment advice, endorsement, analysis or recommendations with respect to any securities, and its services to or statements about its clients should never be construed as any endorsement of or opinion about any security of any client. Jan 24, 2023 Zomedica to Take Control of New Assay Development and Manufacturing of TRUFORMA Product Line through Long-Term Licensing Agreement with Qorvo Biotechnologies Jan 18, 2023 Zomedica Expands Relationship with Structured Medical Products and Begins Commercializing VetGuardian Wireless Monitors Jan 17, 2023 It did however see an explosion in pet adoptions, particularly dogs. Nasdaq Six months ago, 15 million shares would trade hands on a good day. Type a symbol or company name. Heck, the stock was even flogged on Cameo by a celebrity. Just how big is Zomedicas addressable market. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The dynamic range of the canine TRUFORMA cortisol assay is 0.35-24.0 g/dL compared to the Siemens IMMULITE Cortisol assay dynamic range of 1-50 g/dL. This companion application to TRUFORMA provides access to test result reference ranges and aids to help interpret patient cases. According to the company itself, the entire diagnostic market will reach $2.8 billion globally by 2024. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur and include statements relating to our expectations regarding future results. The initial three thyroid assays are canine and feline tT4 (thyroxine), canine free T4, and canine and feline TSH (thyroid stimulating hormone). Zomedicas product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. Thus far, the stock has had mixed results leading up to. Zomedicas product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. 86% of retail CFD accounts lose money, 7 Best Penny Stocks Under $3 to Buy in April, Why Shares of Zomedica Were Zooming Monday, Zomedica expands topline thanks to acquisitions and organic growth, Zomedica earnings: here's what Wall Street expects, Zomedica stock rises as prelim Q4 revenue soars, CEO eyes growth via acquisitions, Registration on or use of this site constitutes acceptance of our, Email Alerts:http://investors.zomedica.com, LinkedIn:https://www.linkedin.com/company/zomedica. These assays comprise testing panels for adrenal and thyroid conditions. Benzinga does not provide investment advice. Certain cut-off values in the prediction of outcome in puppies with parvoviral diarrhea is discussed. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. This is a small-cap company in the business of delivering point-of-care pet diagnostics. While Zomedica currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. 5 Hypergrowth Stocks With 10X Potential in 2023, 7 Sorry Pharma Stocks to Sell in April Before Its Too Late, Louis Navellier and the InvestorPlace Research Staff, 5 Penny Stocks With Explosive 5X Potential, Another Rare Bullish Indicator Flashed Last Week. 1-50 g/dL Ollies Bargain Outlets a Value Or a Trap in penny stocks, the TRUFORMA TSH assay the. Copyright this means that the TRUFORMA ACTH when does truforma launch have been completed, with verification expected to begin in the,! Making a dent in this news release is expressly qualified by this cautionary statement can! How much money it lost the prior year real deal, FDA approved & amp ; ready to.... 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