In January, after that Carole Baskin mention saw ZOM surge 250%, 915 million shares were traded in a single session. 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. 0.0001). Zomedicas product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. 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. Necessary cookies are absolutely essential for the website to function properly. 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 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. These cookies do not store any personal information. Most have cited the upcoming launch of the companies Truforma diagnostic product, launching in March 2021. According to the company itself, the entire diagnostic market will reach $2.8 billion globally by 2024. The launch of the TRUFORMA platform is an exciting and disruptive milestone in the veterinary diagnostics testing industry that will raise the standard of point-of-care for companion animals." Year to date, ZOM stock is up 793%. 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. contact@marketbeat.com Before you consider Zomedica, you'll want to hear this. BAW technology, also used in cell phones and in the worlds most advanced radar and communications systems, is an extremely reliable and precise technology. And a successful launch may do just that. Type a symbol or company name. 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. 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. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Adrenal and thyroid conditions have been reported as one of the common conditions in felines and canines. However, these current assay verifications show that the company is advancing the platform toward commercial launch. Get Out Now. 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. But Zomedica is currently only testing for a narrow range of diagnostic conditions. LouisNavellierhad an unconventional start, as a grad student who accidentally built a market-beating stock system withreturns rivaling even Warren Buffett. Chris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. But it wont take much to send Zomedica shares lower. Copyright 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. While Zomedica currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. However, based on the sales forecast for 2021, ZOM stock is extremely overvalued as the chart below shows. For more information, visit www.ZOMEDICA.com. NYSEAMERICAN:ZOM is fast approaching what shareholders are hoping to be a defining moment in the company's history at the end of March. Heres a look at the pros and cons of buying ZOM stock. This category only includes cookies that ensures basic functionalities and security features of the website. Zomedica took advantage of the run up in price to issue more shares, bringing $173.5 million in cash. The big news for Zomedica and any investors who have interest in this company as a long-term holding is Truforma. Endogenous ACTH and free T4 are expected to be available during the coming weeks. Verification data comparing the canine and feline TRUFORMA tT4 assay to the Siemens IMMULITE Canine tT4 reference lab assay showed high correlation (R=0.94). The launch of the TRUFORMA platform is nearing. Adoption risks: As mentioned earlier, the short-to-mid-term future of Zomedica depends on the success of Truforma. 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. Can Dropbox Compete in the Collaboration Software Market? 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. Big Market In Companion Animal Treatments. 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. This is another case of hype causing a dramatic spike in value. For more information, visit www.ZOMEDICA.com. American Consumer News, LLC dba MarketBeat 2010-2023. New tech for diagnosing dogs and cats could be a pet-care game changer, but uptake by vets isn't certain. This, of course, takes time and can create stress for pet owners. Identify stocks that meet your criteria using seven unique stock screeners. To see all exchange delays and terms of use please see Barchart's disclaimer. And thats OK with him. Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. This is a small-cap company in the business of delivering point-of-care pet diagnostics. Related to Proforma Schedule. Therefore, his office saves $2,250 a week with running tests with Truforma (97.5 tests x $25) and $117,000 a year. But what does Truforma really offer? Get daily stock ideas from top-performing Wall Street analysts. 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. Zomedica Corp. Nasdaq 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. 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. Using the BAW, Zomedicas verification studies are evaluating a total of three thyroid and adrenal assays intended for use with the TRUFORMA platform at commercial launch. 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. Offering complete thyroid testing on-site for both dogs and cats will allow our internal medicine service to provide timely answers to anxious pet owners. We are pleased to announce that PulseVet has been named as the Congratulations to our small animal business manager, Dr. Jennifer Vitucci What happens in Vegas.didnt stay in Vegas this time! This is all good, and on its own, Truforma makes Zomedica worth watching. 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. If you are eyeing this penny stock, prudence would dictate waiting for some confirmation that Truforma is delivering as advertised. 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). All rights reserved. Liquid reagents come preloaded in sealed, disposable cartridges. Thus far, the stock has had mixed results leading up to. The combined dynamic range of the canine and feline TRUFORMA tT4 assay is 0.45-30.0 g/dL compared to the Siemens IMMULITE tT4 assay dynamic range of 0.5-15 g/dL. However, I find those conclusions misleading. 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. They include clinical biochemistry, immunodiagnostics, hematology, urinalysis, molecular diagnostics and others (which, of course, factors other small applications). You dont need to get a huge return on Zomedica to make it worthwhile investment. The launch of the TRUFORMA platform is nearing. 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. TRUFORMA achieved statistically significant high correlation of R > 0.95 to the Siemens IMMULITE Canine tT4 assay (P value . The TRUFORMA TSH assay was developed and verified for use with both canine and feline samples. ZOM is trading at $1.25 per share at the time of . 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. We cannot guarantee future results, performance or achievements. Me neither. According to Zomedica, the time to result for the TRUFORMA TSH assay is less than 20 minutes. To view the original version on ABNewswire visit: Zomedica\s TRUFORMA Expands Suite Of Assays, Revolutionary Platform Readies For Commercialization. The technology is a high-precision solution presently being used to deliver cleaner signals in communications materials particularly the next-gen 5G-enabled devices. 2023 InvestorPlace Media, LLC. ZOM Stock Valuation: At face value, the present $2-ish ZOM stock price looks low compared to the mentioned competitors. 2023, Nasdaq, Inc. All Rights Reserved. Its on the verge of launching its first product, a veterinary diagnostic kit for dogs and cats. So far, we have a compelling story about an interesting company about to tap into a lucrative market. You also have the option to opt-out of these cookies. Offering complete thyroid testing on-site for both dogs and cats will allow our internal medicine service to provide timely answers to anxious pet owners. 326 E 8th St #105, Sioux Falls, SD 57103 These conditions can be life-threatening or significantly impact the quality of life for both the dog and the caregiver. Tarform. 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. 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. Our daily ratings and market update email newsletter. Thats a big moment for the company, and the timing couldnt be better with all the extra pet adoptions because of the pandemic. Zomedicas product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. It is mandatory to procure user consent prior to running these cookies on your website. These assays comprise testing panels for adrenal and thyroid conditions. 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. However, things arent quite that simple when it comes to Zomedica. 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. 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 did however see an explosion in pet adoptions, particularly dogs. 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. 2023 InvestorPlace Media, LLC. But it wont be a ride in the park for the company. If you are attending as part of a diocese or institution registration, follow links for individual registrations above . Quicker, more precise tests mean they can make treatment decisions faster than they traditionally could. The ONLY on-site canine eACTH assay that eliminates the risk of sample transport error and aids in the diagnosis of adrenal disease. However, you may visit "Cookie Settings" to provide a controlled consent. Potentially competitive technology: Zomedica has been pitching Truforma as a tool that provides improved test accuracy in a shorter time. Investor Relations Contact: PCG Advisory Kirin Smith, Presidentksmith@pcgadvisory.com+1 646.823.8656, Plus500. Chris has been writing for MarketBeat since 2018. His office saves roughly $25 for each test ($70-$45=$25). 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. But if you simply cant wait, it wasnt so long ago that ZOM stock was trading for less than $2. Zomedica is facing an uphill task of making a dent in a market that has some gorillas. Dr. Arielle Pechette Markley, DVM, cVMA, CVPP, CCRT, DAIPM. Discounted Group Registrations Available through Institutional Packages - $1,500 to $3,000. 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). Range of 1-50 g/dL anxious pet owners a big moment for the company is the... Street analysts cats will allow our internal medicine service to provide timely to. And because buyer behavior dictates so much of what happens with a stock, prudence dictate. Better buys use with both canine and feline samples thyroid testing on-site for both dogs and will. 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