In his latest feat, Louis discovered the Master Key to profiting fromthe biggest tech revolution of this (or any) generation. 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. 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. The same technology used in aerospace and telecommunications can now be used at your practice. The first and only feline-optimized TSH assay, which will help veterinarians more readily differentiate between hyperthyroidism and euthyroid sick syndrome. Gains of 41% one day, followed immediately by a drop of 14% the next session. Yes, the prospects of Truforma are truly eye-popping. 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 ONLY on-site canine eACTH assay that eliminates the risk of sample transport error and aids in the diagnosis of adrenal disease. Zomedica has announced that they will begin commercialization of TRUFORMA on March 30, 2021, and will continue the development of ZM-020 and ZM-017 diagnostic platforms (to diagnose. This means that the standard extended process of diagnosing these ailments adds to the overall cost of treating cats and dogs. Results of the verifications have been encouraging: Stephanie Morley, President & Chief Medical Officer of Zomedica, commented: "Setting the date for the availability of TRUFORMA is the culmination of a dream for me. 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. Zomedica pointed to dynamic range as being another critical factor in favor of its TRUFORMA device. But opting out of some of these cookies may affect your browsing experience. Still 50% Upside To Go, Wall Street Is Getting Vaxcyte Right, Promising Upsides on these Biotech Penny Stocks, PepsiCo Inc. on Breakout Watch, New Highs Eminent, Three S&P Energy Names with High Dividend Yields, Why State Street Stock Is Sliding After Announcing Earnings, Charles Schwab's Recovery Just Shifted Gears. Congratulations to Be sure to check out the latest VetBlast podcast on DVM360.com. It is Zomedicas mission to provide veterinarians the opportunity to increase productivity and grow revenue while better serving the animals in their care. And a successful launch may do just that. 2023 Zomedica Corp. and Zomedica Inc. All rights reserved. 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. See what's happening in the market right now with MarketBeat's real-time news feed. Verification of TRUFORMA's initial assays is expected to be completed by the end of the first quarter of 2020. 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. Amyris May be Oversold, but is it Worth Fighting the Shorts? These cookies will be stored in your browser only with your consent. Any internet-connected device can access MyZomedica to view interactive charts, diagnostic tools, and export/print 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. But the company has some catalysts to consider and the fundamentals could be worse. They include clinical biochemistry, immunodiagnostics, hematology, urinalysis, molecular diagnostics and others (which, of course, factors other small applications). Fill out the form below and well send along some additional materials to help you decide if TRUFORMA is a good fit for your clinic. However, theres no crystal ball to tell if it will be a hit with operators in the point-of-care diagnostics for cats and dogs. American Consumer News, LLC dba MarketBeat 2010-2023. However, as Ill discuss below, while Truforma is a truly exciting product, there are a lot of questions to answer. The pandemic-fueled pet boom is only going to raise that. However, things arent quite that simple when it comes to Zomedica. Quicker, more precise tests mean they can make treatment decisions faster than they traditionally could. quotes delayed at least 15 minutes, all others at least 20 minutes. Total-T4 Assay with enhanced dynamic range. 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. Video Link: https://www.youtube.com/embed/HDDbf76Ngt4. Yes, the company is about to launch Truforma, its first product. 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. Please visit our. 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. Project Timeline Overview. But if the pet needs testing for thyroid or adrenal issues, Zomedica has the solution. Simple installation and a user-friendly interface gets teams running tests in no time. The bottom line on Zomedica like so many under-the-radar companies of late is that it caught the attention of the Reddit/Robinhood investing crowd. Zomedicas product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. 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 website uses cookies to improve your experience while you navigate through the website. Get Out Now. Verification data comparing the canine TRUFORMA fT4 assay to the Siemens IMMULITE Veterinary Free T4 reference lab assay showed high correlation (R=0.92). The company describes Truforma as a biosensor platform intended for helping veterinarians in diagnosing complex conditions in cats and dogs. contact@marketbeat.com 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. TRUFORMA achieved statistically significant high correlation of R > 0.95 to the Siemens IMMULITE Canine tT4 assay (P value . ZOM Stock Valuation: At face value, the present $2-ish ZOM stock price looks low compared to the mentioned competitors. Americans were already. A feline-optimized TSH assay is not commercially available. Now available for purchase are TSH, total T4, and cortisol assays. The companys very first commercial product, Truforma is a shoebox-sized point-of-care diagnostic tool for veterinary offices. Strong Competition: Surely, Zomedica would have plans to expand its product offerings over the next few years. Most have cited the upcoming launch of the companies Truforma diagnostic product, launching in March 2021. These symbols will be available throughout the site during your session. Contact Chris Markoch via email at CTMarkoch@msn.com. Having a point-of-care cortisol test available also was welcomed by Audrey Cook, BVM&S, Dip ACVIM at Texas A&M College of Veterinary Medicine and Biomedical Sciences: Veterinarians rely on serum cortisol measurements to diagnose and manage adrenal diseases in dogs. This is a small-cap company in the business of delivering point-of-care pet diagnostics. We set out to develop a product that could provide the accuracy of the reference lab and the convenience of point-of-care for the veterinary community. Signal In | An RF signal is delivered to the BAW sensor I am excited to be the first veterinarian to purchase TRUFORMA. Potentially competitive technology: Zomedica has been pitching Truforma as a tool that provides improved test accuracy in a shorter time. By accessing this Site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy. This was about a 17% improvement in how much money it lost the prior year. Its the size of a shoebox and weighs in at just seven pounds. With that in mind, he isnt overly impressed with what companies say, and more focused on what they do. 326 E 8th St #105, Sioux Falls, SD 57103 When youre investing in penny stocks, the axiom that pigs get fat, hogs get slaughtered is apt advice. The company intends to develop additional assays following the initial commercial launch of the TRUFORMA platform. Article printed from InvestorPlace Media, https://investorplace.com/2021/03/zom-stock-zomedica-volatility-continues-as-truforma-launch-nears/. And thats OK with him. After treading water for much of 2020, ZOM stock is up 786% in 2021. 0.0001). 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.. Its been a phenomenal start to the year for Zomedica (NYSEAMERICAN:ZOM). I would argue that it does not. 1125 N. Charles St, Baltimore, MD 21201. 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. Get Out Now. For full disclaimers, including compensation received for professional services, please visit www.pcgadvisory.com/disclosures, Media ContactCompany Name: PCG Digital HoldingsContact Person: Kenny EllisEmail: Send EmailCity: New YorkState: New YorkCountry: United StatesWebsite: https://pcgadvisory.com/, Press Release Distributed by ABNewswire.com 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." You dont need to get a huge return on Zomedica to make it worthwhile investment. Before you consider Zomedica, you'll want to hear this. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on and Zomedica wasn't on the list. I very much look forward to being able to report our first sale following launch.. The optimism about Truforma based on the growth forecasts for pet diagnostics then seems excessive. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. PCG is an integrated investor relations, communications and strategic advisory firm. 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. Adoption risks: As mentioned earlier, the short-to-mid-term future of Zomedica depends on the success of Truforma. A sought-after lecturer and instructor, Dr. Berg has published numerous articles in peer-reviewed journals, including those of the American VeterinaryMedical Association (AVMA), the American College of Veterinary Internal Medicine (ACVIM), and the American Animal Hospital Association (AAHA). 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