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. Type a symbol or company name. Verification data comparing the canine TRUFORMA TSH assay to the Siemens IMMULITE Canine TSH assay showed high correlation (R=0.99). Get daily stock ideas from top-performing Wall Street analysts. All rights reserved. Zomedica believes that the TRUFORMA platform represents the first use of BAW technology in disorder and disease-state diagnostics. These verification studies evaluate two adrenal assays: canine cortisol and canine eACTH (endogenous adrenocorticotropic hormone). Wall Street's IDEXX consensus EPS forecast is $7.5 per share, compared to a current share price of $503, translating to a 67x forward P/E ratio. I am excited to be the first veterinarian to purchase TRUFORMA. 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. 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. 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. 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. 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. But does the prospect of finally generating revenue justify a 2,500% surge in ZOM stock price in four months? I very much look forward to being able to report our first sale following launch.. Endogenous ACTH and free T4 are expected to be available during the coming weeks. Part of the reason for that number is that the company spent about $2 million less on research and development and cut general and administrative expenses by about $ 1 million. Big Market In Companion Animal Treatments. Zomedica Corp. Zomedica is in the process of building its sales organization in preparation for commercial launch. 2023, Nasdaq, Inc. All Rights Reserved. The 2022-23 La Liga, also known as La Liga Santander due to sponsorship reasons, is the 92nd season of La Liga, Spain's premier football competition.It commenced on 12 August 2022 and is scheduled to end on 4 June 2023. And thats OK with him. Early Bird Registration (September 13-October 17) - $120. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. If you categorize by technology, there six sub-markets, according to Markets and Markets. Now available for purchase are TSH, total T4, and cortisol assays. Dr. Berg commented that, As a veterinary internist and business owner, I have devoted myself to advancing the practice of veterinary internal medicine and delivering care with a difference doing more, providing more, and caring more. 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. 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. These cookies will be stored in your browser only with your consent. Without any revenue coming through the door, the best thing that investors can hope for is a less bad earnings report. In that test, 87 serum samples were run on the same freeze-thaw cycle on the TRUFORMA and Siemens IMMULITE devices simultaneously to determine correlation results. 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. This is a momentous day for Zomedica, our shareholders, the veterinarians we serve, and the companion animals in their care. 326 E 8th St #105, Sioux Falls, SD 57103 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. BAW technology, also used in cell phones and in the worlds most advanced radar and communications systems, is an extremely reliable and precise technology. 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. The optimism about Truforma based on the growth forecasts for pet diagnostics then seems excessive. 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 intends to develop additional assays following the initial commercial launch of the TRUFORMA platform. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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 huge gains (and volatility) in ZOM stock are more about Reddit and celebrity endorsements. However, ZOM does not own the technology underlying Truforma and according to. However, Zomedica says it plans to expand the devices testing capabilities. 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. Get short term trading ideas from the MarketBeat Idea Engine. Zomedica partnered with semiconductor company Qorvo (NASDAQ:QRVO) to bring this tech to the point-of-care veterinary practice for the first time. Copy and paste multiple symbols separated by spaces. 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. Strong Competition: Surely, Zomedica would have plans to expand its product offerings over the next few years. 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.. 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. The most recent verification of its canine and feline TSH assays is noteworthy because Zomedica says they are unaware of a validated species-optimized TSH assay currently available for felines at either the point-of-care or at a reference lab. 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. Copyright 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. ANN ARBOR, Mich., May 20, 2020 (GLOBE NEWSWIRE) -- Zomedica (NYSE American: ZOM), a veterinary diagnostic company, announced today that it has completed the final verification of three additional. Benzinga does not provide investment advice. 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. Dr. Arielle Pechette Markley, DVM, cVMA, CVPP, CCRT, DAIPM. And one of the concerns about Truforma is that Truforma relies on licensed technology. Contact Chris Markoch via email at CTMarkoch@msn.com. However, you may visit "Cookie Settings" to provide a controlled consent. For more information, visit www.ZOMEDICA.com. Concerns about Truformas addressable market: Some commentators, including InvestorPlaces Ian Cooper, point at the diagnostic market forecast as one of the reasons to be bullish about ZOM. Dr. Berg commented that, As a veterinary internist and business owner, I have devoted myself to advancing the practice of veterinary internal medicine and delivering care with a difference doing more, providing more, and caring more. The ONLY free-T4 (fT4) assay available at point of care, eliminating inaccurate results due to sample heating during shipment to a reference laboratory. Readers are cautioned not to place undue reliance on forward-looking information. Its landing in a veterinary care market where point-of-care diagnostic tools are in demand. 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. It did however see an explosion in pet adoptions, particularly dogs. The pandemic-fueled pet boom is only going to raise that. 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). After treading water for much of 2020, ZOM stock is up 786% in 2021. It spent last year as a penny stock, with the company facing delisting. Lets take a closer look to see if this is a penny stock play. 2023 InvestorPlace Media, LLC. 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 . That market is expected to reach roughly $2.7 billion by 2027, with a cumulative average growth rate of 4.1% from 2020 to 2027. On the date of publication, neither LouisNavellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. January 18-20, 2022. Get Out Now. To see all exchange delays and terms of use please see Barchart's disclaimer. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Its the size of a shoebox and weighs in at just seven pounds. (844) 978-6257. 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. Readers are cautioned not to place undue reliance on forward-looking information. Most have cited the upcoming launch of the companies Truforma diagnostic product, launching in March 2021. NYSEAMERICAN:ZOM is fast approaching what shareholders are hoping to be a defining moment in the company's history at the end of March. Readers are cautioned not to place undue reliance on forward-looking information. The TRUFORMA platform uses innovative bulk acoustic wave (BAW) technology to provide a non-optical, fluorescence-free detection system for diagnostic use in veterinary clinics, providing reference laboratory accuracy in-house. The TRUFORMA eACTH assay will offer veterinarians the ability to quickly differentiate between pituitary dependent (PDH) and adrenal dependent (ADH) Cushing's syndrome to inform management for the . Yes, the prospects of Truforma are truly eye-popping. Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. By accessing this Site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy. The company announced last September that it has started developing a gastrointestinal testing panel for Truforma. 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. Sound like something youd like to wade into? March 16, 2021 06:00 ET I am excited to be the first veterinarian to purchase TRUFORMA. I would like to express my deepest gratitude to the many people at Zomedica who dedicated the past two years of their lives to achieving this critical milestone, commented Robert Cohen, Zomedicas Chief Executive Officer. Chris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. To view the original version on ABNewswire visit: Zomedica\s TRUFORMA Expands Suite Of Assays, Revolutionary Platform Readies For Commercialization. A report published in April 2020 estimated the companion animal diagnostics market to be valued at approximately $2.0 billion in 2019. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Zomedica (NYSEAMERICAN:ZOM) is a pre-revenue company that is about to bring its first product to market. Type a symbol or company name. For more information, visit www.ZOMEDICA.com. 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