Our forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Me neither. The launch of the TRUFORMAplatform is an exciting and disruptive milestone in the veterinary diagnostics testing industry that will raise the standard of point-of-care for companion animals.. With the instrument and three of five of the initial assays available for sale, the decision was made to initiate the commercial launch of TRUFORMA ahead of the previously disclosed March. Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. 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. Type a symbol or company name. Some breeders say they have waiting lists that extend deep into this year. Any internet-connected device can access MyZomedica to view interactive charts, diagnostic tools, and export/print results. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. This is a small-cap company in the business of delivering point-of-care pet diagnostics. The big news for Zomedica and any investors who have interest in this company as a long-term holding is Truforma. 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. Flexible use cases: At launch, the Truforma would support tests for adrenal and thyroid disorders in cats and dogs. 1125 N. Charles St, Baltimore, MD 21201. Dr. Cook has published numerous articles and book chapters on various aspects of small-animal medicine and regularly speaks at national veterinary meetings. This assay will enable quantification of samples with low levels of TSH, which is necessary to discriminate normal and hyperthyroid feline samples. While Zomedica currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. Zomedica Sets March 30, 2021 as Expected Commercialization Date for TRUFORMA Published Nov 13, 2020 6:00AM EST Certain assays under development are believed to be the first ever for use at the. Individual Registration (beginning October 18) - $130. Get short term trading ideas from the MarketBeat Idea Engine. And one of the concerns about Truforma is that Truforma relies on licensed technology. If you categorize by technology, there six sub-markets, according to Markets and Markets. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. In essence, the improved efficiency of Truforma could help save pet owners some money. With chatter ramping up on Reddit, ZOM put together another big surge in February, gaining 137% over three sessions. Enter Truforma, a point-of-care test that veterinarians can use to run such tests in their office. 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 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. 2023 InvestorPlace Media, LLC. 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 the public offering. Heck, the stock was even flogged on Cameo by a celebrity. BAW technology, also used in cell phones and in the worlds most advanced radar and communications systems, is an extremely reliable and precise technology. | Source:
Despite the drama over the past three weeks, ZOM shares are still up more than 2,500% compared to the value in late October. This means that the standard extended process of diagnosing these ailments adds to the overall cost of treating cats and dogs. https://www.linkedin.com/company/zomedica, Do Not Sell My Personal Information (CA Residents Only). Zomedica adds that the presently available canine-optimized TSH predicate standard test has been evaluated for feline use; however, that test cannot distinguish between low and low-normal TSH levels in cats to its limited sensitivity. Reader AdvisoryExcept for statements of historical fact, this news release contains certain "forward-looking information" or forward-looking statements (collectively, forward-looking information) within the meaning of applicable securities law. This communication was produced by PCG Digital Holdings, LLC, and affiliate of PCG Advisory Inc., (together PCG). The optimism about Truforma based on the growth forecasts for pet diagnostics then seems excessive. January 18-20, 2022. And thats OK with him. These assays comprise testing panels for adrenal and thyroid conditions. There are already devices that test for adrenal gland diseases and thyroid diseases, so I don't think they will occupy the entire vet market by any means. Please visit our. 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. Just how big is Zomedicas addressable market. Having an accurate and reliable, patient-side, cortisol assay will allow veterinarians to manage canine adrenal diseases more effectively and efficiently, and could save lives." The entire organization will be supported by MyZomedica, the Companys online portal, which will streamline customer communication and digital touchpoints, giving access to the Zomedica support team and resources. Both roll on 18-inch billet or aluminum . Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. For more information in terms of compensation received for services provided by PCG, see the pertinent advertising materials relating to the respective client. An attempted reverse stock split was rejected by shareholders. 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. TRUFORMA achieved statistically significant high correlation of R > 0.95 to the Siemens IMMULITE Canine tT4 assay (P value . As previously announced, TRUFORMA can be installed entirely remotely, which should help limit the impact of the COVID-19 pandemic on instrument installations. Zomedica (ZOM) hasadded ~8.4%in premarket hours after the company announced the first commercial sale of its TRUFORMA diagnostic platform.With the instrument and three of five of. Due date calculations for Project Center items do not take into account the time an item was created, but are based on full days. The Major Red Flag That BBBY Stock Investors Need to Know About. It spent last year as a penny stock, with the company facing delisting. Zomedica believes that the TRUFORMA platform represents the first use of BAW technology in disorder and disease-state diagnostics. 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. 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. By clicking Accept All, you consent to the use of ALL the cookies. Dynamic range is the functional range of a test over which the concentrations of an analyte can be measured with acceptable accuracy and precision. The analysis tested more than 100 samples across 700 cartridge runs using cartridges produced across numerous manufacturing lots. It attempted a reverse stock split that failed, then released more shares when its stock shot up in value a move that kicked off the current drop in ZOM stock prices. These cookies do not store any personal information. Without any revenue coming through the door, the best thing that investors can hope for is a less bad earnings report. Zomedica Appoints New Chief Financial Officer, Zomedica Corporation Reports 2022 Results: $18.9 Million Revenue; 72% Gross Margin & $156 Million in Liquidity Revenue up 361% from 2021 through combination of acquisitions and organic growth, Zomedica to Host Fourth Quarter and Fiscal Year 2022 Financial Results Call on March 15, Zomedica Corp. Diagnostics Initiation Report, Zomedica Reports Preliminary Results for the Fourth Quarter and Full Year 2022, Zomedica to Participate in the Lytham Partners Investor Select Conference, Zomedica to Take Control of New Assay Development and Manufacturing of TRUFORMA Product Line through Long-Term Licensing Agreement with Qorvo Biotechnologies, Zomedica Expands Relationship with Structured Medical Products and Begins Commercializing VetGuardian Wireless Monitors, Zomedica to Present at Sidoti Virtual Investor Conference January 18-19, Zomedica CEO Interview with Wall Street Analyzer Updates Company Progress and Plans. This, of course, takes time and can create stress for pet owners. To view the original version on ABNewswire visit: Zomedica\s TRUFORMA Expands Suite Of Assays, Revolutionary Platform Readies For Commercialization. (844) 978-6257. 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. 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 Copy and paste multiple symbols separated by spaces. 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. Benzinga does not provide investment advice. Thus, the TRUFORMA canine TSH assay showed a high correlation (R = 0.99) to the Siemens IMMULITE Canine TSH assay. His office currently waits 2 days for cortisol test results, 48 hours. Zomedica Inc. America didnt get the pandemic baby boom that many were expecting. It is a credit to both our employees and to the stellar team with whom we have worked at our development partner, Qorvo Biotechnologies LLC, that we have created a unique and valuable diagnostic tool, and have delivered it to the veterinary market slightly ahead of our previously announced schedule., James Klein, president of Qorvo Biotechnologies said, At Qorvo, we are leveraging the power of Bulk Acoustic Wave (BAW) radio frequency (RF) technology to innovate numerous products such as Wi-Fi routers, mobile phones, 5G cellular infrastructure and now veterinary diagnostics. Chris doesnt have a traditional finance background.
Verification data comparing the canine TRUFORMA TSH assay to the Siemens IMMULITE Canine TSH assay showed high correlation (R=0.99). Amyris May be Oversold, but is it Worth Fighting the Shorts? ZOM Stock Valuation: At face value, the present $2-ish ZOM stock price looks low compared to the mentioned competitors. (Almost) Everything You Need To Know About The EV Market. It is Zomedicas mission to provide veterinarians the opportunity to increase productivity and grow revenue while better serving the animals in their care. These verification studies evaluate two adrenal assays: canine cortisol and canine eACTH (endogenous adrenocorticotropic hormone). Export data to Excel for your own analysis. Zomedicas product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. The initial three thyroid assays are canine and feline tT4 (thyroxine), canine free T4, and canine and feline TSH (thyroid stimulating hormone). Endogenous ACTH and free T4 are expected to be available during the coming weeks. TRUFORMA is the company's innovative diagnostic tool that aims to replace old-fashioned methods of diagnosis that require patient samples to be sent to an outside lab for testing before therapeutic or prescription treatments can be offered. The ability to reliably and accurately measure cortisol on-site in our emergency service at Guardian Veterinary Specialists has the potential to save lives. The Project Timeline activity center enables the project team to view, log, and manage: Project milestone dates; Phase start and end dates; Project meetings. Zomedicas product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. By clicking Accept All, you consent to the use of ALL the cookies. In comparison, the TRUFORMA dynamic range is 0.008-10 ng/mL (vs. Siemens IMMULITE canine TSH dynamic range of 0.03-12 ng/mL) which the company believes will permit the measurement of samples with very low TSH levels (feline hyperthyroidism) or very high TSH levels (canine hypothyroidism). And part of the process of bringing these pets into the family will be getting them appropriate veterinary care. Can Dropbox Compete in the Collaboration Software Market? Necessary cookies are absolutely essential for the website to function properly. //Www.Linkedin.Com/Company/Zomedica, Do Not Sell My Personal information ( CA Residents Only ) veterinarians the opportunity to increase productivity grow! Growth forecasts for pet diagnostics Truforma Expands Suite of assays, Revolutionary platform Readies for Commercialization this... Support tests for adrenal and thyroid disorders in cats and dogs Not Sell My Personal information ( Residents... 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