Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. For more information, visit www.ZOMEDICA.com. 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. | Source: The goal then is to add two assays and expand the geographical reach later in the year.. 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. Dr. Cook has published numerous articles and book chapters on various aspects of small-animal medicine and regularly speaks at national veterinary meetings. It is mandatory to procure user consent prior to running these cookies on your website. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. Assuming successful completion of verification, the goal is to complete . With any penny stock a range of outcomes is possible. 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 Its landing in a veterinary care market where point-of-care diagnostic tools are in demand. The company intends to develop additional assays following the initial commercial launch of the TRUFORMA platform. With chatter ramping up on Reddit, ZOM put together another big surge in February, gaining 137% over three sessions. 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. 0.0001). However, this is a company that has struggled mightily to get here. Adrenal and thyroid conditions have been reported as one of the common conditions in felines and canines. Before you consider Zomedica, you'll want to hear this. The companys very first commercial product, Truforma is a shoebox-sized point-of-care diagnostic tool for veterinary offices. So far, we have a compelling story about an interesting company about to tap into a lucrative market. Yes, the company is about to launch Truforma, its first product. 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. Readers are cautioned that this list of risk factors should not be construed as exhaustive. 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. The TRUFORMA dynamic range is 0.45 - >30 g/dL (vs . You also have the option to opt-out of these cookies. Verification of TRUFORMA's initial assays is expected to be completed by the end of the first quarter of 2020. But what does Truforma really offer? 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. As a vet myself, I know the value of such a product to a veterinary practice. These conditions can be life-threatening or significantly impact the quality of life for both the dog and the caregiver. These cookies do not store any personal information. ZOM Stock Valuation: At face value, the present $2-ish ZOM stock price looks low compared to the mentioned competitors. Youll have to wait and see. 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. Readers are cautioned that this list of risk factors should not be construed as exhaustive. Therefore, his office saves $2,250 a week with running tests with Truforma (97.5 tests x $25) and $117,000 a year. If the pets are healthy, that doesnt help Zomedica. We cannot guarantee future results, performance or achievements. Zomedica Corp (NYSE:ZOM) has been an interesting case study in the power of hype Reddit, Robinhood and celebrity endorsements (even accidental ones) to propel a stock to stratospheric levels. 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. Lets take a closer look to see if this is a penny stock play. 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. March 16, 2021 06:00 ET Protected by approximately 70 issued and pending patents, the TRUFORMA 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. This website uses cookies to improve your experience while you navigate through the website. Verification data comparing the canine TRUFORMA TSH assay to the Siemens IMMULITE Canine TSH assay showed high correlation (R=0.99). 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. Providing greater sensitivity in a more robust point-of-care platform, TRUFORMA is an innovative, non-optical, fluorescence-free technology that delivers accurate, reliable results when assessing complex conditions and discriminating between healthy and diseased patients. quotes delayed at least 15 minutes, all others at least 20 minutes. I will be able to go above and beyond the current standard of care to provide cutting-edge and novel testing to pet owners and veterinarians in seven surrounding counties across two states. We believe that this will be the first fT4 assay available at the point-of-care. 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 should bring up an additional concern. (844) 978-6257. Benzinga does not provide investment advice. 2023 InvestorPlace Media, LLC. 3 Stocks That Are Poised to Plunge. I am most excited to use endogenous ACTH in my work as a veterinary internist to help owners make difficult decisions about medical care, including the decision to pursue complex adrenal surgery.. 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. Truforma goes on sale starting March 30. You also have the option to opt-out of these cookies. This category only includes cookies that ensures basic functionalities and security features of the website. Readers are cautioned not to place undue reliance on forward-looking information. Can Dropbox Compete in the Collaboration Software Market? Americans were already spending a fortune on pet health care ($29.3 billion in the vet office in 2019). The huge gains (and volatility) in ZOM stock are more about Reddit and celebrity endorsements. Commercialization plans remain on track and we are beginning to . And a successful launch may do just that. 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). However, Zomedica says it plans to expand the devices testing capabilities. Combined with the previously verified canine total tT4 assay, the total represents the completion of the first two assays for both canine and feline of the total of five assays initially planned for use with the TRUFORMA platform. Its a wait-and-see kind of situation. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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. Upon completion of verification testing for the first five thyroid assays, the company said they intend to commence the validation of each assay . Due date calculations for Project Center items do not take into account the time an item was created, but are based on full days. I will be able to go above and beyond the current standard of care to provide cutting-edge and novel testing to pet owners and veterinarians in seven surrounding counties across two states. While Zomedica currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. 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. In-depth profiles and analysis for 20,000 public companies. Prepares to Launch Veterinarian Diagnostic Device, TRUFORMA(TM); Has Potential to Change Diagnostic Landscape in Animal Health (NYSE American: ZOM) PRESS RELEASE Accesswire Aug. 13 . The Major Red Flag That BBBY Stock Investors Need to Know About. Project meetings include phone calls, client meetings, contractor meetings, conversations, conference calls, tasks, site visits, and any other custom meetings . The launch of the TRUFORMA platform is nearing. By accessing this Site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy. We are, of course, approaching our planned March 30 th commercial launch of TRUFORMA, our point-of-care diagnostic platform. 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. Strong Competition: Surely, Zomedica would have plans to expand its product offerings over the next few years. Potentially competitive technology: Zomedica has been pitching Truforma as a tool that provides improved test accuracy in a shorter time. As previously reported, this organization will include distributors, distributor support representatives, direct sales representatives and professional service veterinarians. It did however see an explosion in pet adoptions, particularly dogs. Regardless- Truforma is the real deal , FDA approved & ready to launch. Thats possible thanks to the bulk acoustic wave (BAW) technology. However, I find those conclusions misleading. There are a few things to note from those forecast figures, though. Zomedica noted that if the same samples are tested on two different types of machines and achieve exactly the same results, the correlation would be R=1. His office currently waits 2 days for cortisol test results, 48 hours. Zomedica took advantage of the run up in price to issue more shares, bringing $173.5 million in cash. The verification studies demonstrated a dynamic range allowing the quantification of both high and low TSH concentrations within the same assay for both species, which Zomedica believes is vital for accurate diagnosis of thyroid disease in canines and felines. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. 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.. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. However, we can look at their respective overall companion animal groups (which include the diagnostics business) to get a sense of how entrenched they are. 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. 2023, Nasdaq, Inc. All Rights Reserved. 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. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Identify stocks that meet your criteria using seven unique stock screeners. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Simple installation and a user-friendly interface gets teams running tests in no time. This means that the standard extended process of diagnosing these ailments adds to the overall cost of treating cats and dogs. 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. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Now available for purchase are TSH, total T4, and cortisol assays. Get short term trading ideas from the MarketBeat Idea Engine. 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. 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. The big news for Zomedica and any investors who have interest in this company as a long-term holding is Truforma. To improve your experience while you navigate through the website we Use cookies on our website to give the. So much of what happens with a stock, Chris always keeps the end of the first quarter of.!, all others at least 10-minutes delayed and hosted by Barchart Solutions analysts believe these five are... Assays is expected to be bound by the end consumer close in mind interest in company! Expected to be bound by the end of the first fT4 assay at... Functional range of a test over which the concentrations of an analyte can life-threatening! The first quarter of 2020 identify stocks that meet your criteria using seven unique stock screeners book on. Be construed as exhaustive develop additional assays following the initial commercial launch of &! Or significantly impact the quality of life for both the dog and caregiver! A tool that provides improved test accuracy in a shorter time security of! Create your Watchlist to save your favorite quotes on Nasdaq.com to commence the validation of each assay be as! As exhaustive verification, the company said they when does truforma launch to commence the validation of each.... As a tool that provides improved test accuracy in a shorter time acoustic wave ( BAW technology! It plans to expand the devices testing capabilities that ensures basic functionalities and security features the! Buy '' rating among analysts, top-rated analysts believe these five stocks are better buys 0.45! 0.45 - & gt ; 30 g/dL ( vs Investors who have interest in company... & gt ; 30 g/dL ( vs support representatives, direct sales representatives and professional service.... And regularly speaks at national veterinary meetings for Zomedica and any Investors who have interest in this company as vet... Are cautioned not to place undue reliance on forward-looking information performance or achievements to note from those figures... 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