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. The first and only feline-optimized TSH assay, which will help veterinarians more readily differentiate between hyperthyroidism and euthyroid sick syndrome. These conditions can be life-threatening or significantly impact the quality of life for both the dog and the caregiver. 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. On the date of publication,Craig Adeyanjudid not have (either directly or indirectly) any positions in the securities mentioned in this article. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Simply put, more use cases increase the revenue opportunities for ZOM stock. A feline-optimized TSH assay is not commercially available. Zomedica Corp. The fact that some of our assays under development not only are believed to be the first ever developed for use at the point-of-care, but also the first ever available in veterinary medicine, is expected to be an exciting contribution to the health and treatment of our pets.". The device may add additional user value based on the limited clinic staff training required to use the device to obtain and place blood samples. The unique assays make the difference for the device. Thus, the TRUFORMA canine TSH assay showed a high correlation (R = 0.99) to the Siemens IMMULITE Canine TSH assay. Please visit our. Readers are cautioned that this list of risk factors should not be construed as exhaustive. Please visit our. 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. Article printed from InvestorPlace Media, https://investorplace.com/2021/03/zom-stock-zomedica-volatility-continues-as-truforma-launch-nears/. ANN ARBOR, Mich., Nov. 13, 2020 (GLOBE NEWSWIRE) -- Zomedica Corp.(NYSE American: ZOM) (Zomedica or the Company), a veterinary health company creating point-of-care diagnostics products for dogs and cats, today announced that it expects to begin commercialization of its TRUFORMA point-of-care diagnostic platform on March 30, 2021. The companys very first commercial product, Truforma is a shoebox-sized point-of-care diagnostic tool for veterinary offices. Most have cited the upcoming launch of the companies Truforma diagnostic product, launching in March 2021. Any internet-connected device can access MyZomedica to view interactive charts, diagnostic tools, and export/print results. The Proforma financial statements serve as a basis for the opening entries of both the Assuming Bank and the Receiver. Its definitely worth checking back in to see how the company is doing once Truforma has hit the market, but for now its stock is just too volatile for my taste. 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. The goal then is to add two assays and expand the geographical reach later in the year.. 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.. Early Bird Registration (September 13-October 17) - $120. View which stocks are hot on social media with MarketBeat's trending stocks report. Uh-Oh. If the pets are healthy, that doesnt help Zomedica. Youll have to wait and see. 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. ZOM is trading at $1.25 per share at the time of . If you are eyeing this penny stock, prudence would dictate waiting for some confirmation that Truforma is delivering as advertised. The technology is a high-precision solution presently being used to deliver cleaner signals in communications materials particularly the next-gen 5G-enabled devices. 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. Zomedica took advantage of the run up in price to issue more shares, bringing $173.5 million in cash. This was about a 17% improvement in how much money it lost the prior year. By clicking Accept All, you consent to the use of ALL the cookies. In this webinar, Dr. Vitucci does a deep dive into shock wave therapy, including providing scientific evidence, case examples, treatment protocols, and helpful tips for using Shock Wave Therapy in your practice. The analysis tested more than 100 samples across 700 cartridge runs using cartridges produced across numerous manufacturing lots. Shares of Zomedica started picking up steam early in the year, when the company announced on Jan. 4 that it had a new CEO (Robert Cohen) and that its Truforma platform was close to launching.. However, you may visit "Cookie Settings" to provide a controlled consent. The company will release Truforma along with three assays in a limited geographic area as of March 30. 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. However, things arent quite that simple when it comes to Zomedica. By accessing this Site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy. Yes, analysts at Markets and Markets Research estimate that the global companion animal diagnostics market would grow to $3 billion by 2025 from $1.8 billion in 2020. In January, Carole Baskin of Tiger King fame was paid $299 by a fan to mention Zomedia on Cameo. Real-time analyst ratings, insider transactions, earnings data, and more. 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 . These cookies do not store any personal information. 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. And that is likely to continue into 2021. Before you consider Zomedica, you'll want to hear this. 5 Hypergrowth Stocks With 10X Potential in 2023, Louis Navellier and the InvestorPlace Research Staff, shoebox-sized point-of-care diagnostic tool for veterinary offices, currently the most common insurance claim for dog owners, 7 Penny Stocks Close to Busting Through the $5 Mark, 7 Sorry Pharma Stocks to Sell in April Before Its Too Late, 5 Penny Stocks With Explosive 5X Potential, Another Rare Bullish Indicator Flashed Last Week. That might be where Id look to get in. 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. 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. The fallouts from that hype have included extreme volatility in ZOM stock. Investor Relations Contact: PCG Advisory GroupKirin Smith, COOksmith@pcgadvisory.com+1 646.863.6519. Due date calculations for Project Center items do not take into account the time an item was created, but are based on full days. Zomedica Inc. 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. Flexible use cases: At launch, the Truforma would support tests for adrenal and thyroid disorders in cats and dogs. Zomedicas product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. For more information in terms of compensation received for services provided by PCG, see the pertinent advertising materials relating to the respective client. 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. | Source: The Major Red Flag That BBBY Stock Investors Need to Know About. 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. Yet, at $2.06 a share,it could be tempting to think that the stock is cheap and that it has huge upside potential. We are, of course, approaching our planned March 30 th commercial launch of TRUFORMA, our point-of-care diagnostic platform. Endogenous ACTH and free T4 are expected to be available during the coming weeks. 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. 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. 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. Upon successfully completing this verification and development work, Zomedica intends to commercialize all five initial assays in select strategic markets. These assays comprise testing panels for adrenal and thyroid conditions. Quicker, more precise tests mean they can make treatment decisions faster than they traditionally could. 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. 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