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. Zomedica has five initial assays under development, comprising two panels one each to detect thyroid and adrenal disease. Endogenous ACTH and free T4 are expected to be available during the coming weeks. It certainly is a pleasure to be able to deliver such good news for our shareholders, employees, partners and, especially, the veterinarians whom we serve, commented Robert Cohen, Interim Chief Executive Officer of Zomedica. Its a wait-and-see kind of situation. Investor Relations Contact: PCG Advisory GroupKirin Smith, COOksmith@pcgadvisory.com+1 646.863.6519. Should you invest $1,000 in Zomedica right now? Zomedica is expected to complete validation studies for TRUFORMA during the fourth quarter of 2019 with a planned commercial launch before the close of first quarter of 2020. 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. Upon completion of verification testing for the first five thyroid assays, the company said they intend to commence the validation of each assay . quotes delayed at least 15 minutes, all others at least 20 minutes. 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. 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. Zoetis stock price is near $160. Endogenous ACTH and free T4 are expected to be available during the coming weeks. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. This assay will enable quantification of samples with low levels of TSH, which is necessary to discriminate normal and hyperthyroid feline samples. All rights reserved. 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. Export data to Excel for your own analysis. For more information, visit www.ZOMEDICA.com. 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. If you are eyeing this penny stock, prudence would dictate waiting for some confirmation that Truforma is delivering as advertised. | Source: Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. 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). This webinar will introduce attendees to the use of biomarkers in critical illness; more specifically the use of the endocrine parameters; cortisol and thyroxine in canine critical illness. If you are attending as part of a diocese or institution registration, follow links for individual registrations above . Due date calculations for Project Center items do not take into account the time an item was created, but are based on full days. Article printed from InvestorPlace Media, https://investorplace.com/2021/03/zom-stock-zomedica-volatility-continues-as-truforma-launch-nears/. Identify stocks that meet your criteria using seven unique stock screeners. 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. The Major Red Flag That BBBY Stock Investors Need to Know About. Being able to conduct the test themselves gives faster results, allowing for a quicker start of treatment. For more information in terms of compensation received for services provided by PCG, see the pertinent advertising materials relating to the respective client. The pandemic-fueled pet boom is only going to raise that. On the date of publication,Craig Adeyanjudid not have (either directly or indirectly) any positions in the securities mentioned in this article. Its been a phenomenal start to the year for Zomedica (NYSEAMERICAN:ZOM). Last November, ZOM was a penny stock facing the prospect of delisting. 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. It is mandatory to procure user consent prior to running these cookies on your website. Its not a hard one to call, honestly. Despite the effects of COVID-19 on the economy, veterinary practice financial data estimates show that revenue in the United States for August 2020 was up 18 percent over July 2019. 2023, Nasdaq, Inc. All Rights Reserved. The goal then is to add two assays and expand the geographical reach later in the year.. TRUFORMA assays achieve reference lab performance levels. 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. But it wont take much to send Zomedica shares lower. Copyright From a market perspective for TRUFORMA, a 2019-2020 American Pet Products Association National Pet Owners Survey indicated that 42.7 million U.S. households own at least one cat. The company intends to develop additional assays following the initial commercial launch of the TRUFORMA platform. Dr. Cook has published numerous articles and book chapters on various aspects of small-animal medicine and regularly speaks at national veterinary meetings. Project Timeline Overview. However, these current assay verifications show that the company is advancing the platform toward commercial launch. Further, nothing in this communication is intended to provide tax, legal, or investment advice and nothing in this communication should be construed as a recommendation to buy, sell or hold any investment or security or to engage in any investment strategy or transaction. 1125 N. Charles St, Baltimore, MD 21201. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Zomedica Corp. ANN ARBOR, Mich., March 16, 2021 (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, yesterday recorded the first veterinarian sale of TRUFORMA and officially entered commercialization. These symbols will be available throughout the site during your session. And that means it has a small sliver of this market. Discounted Group Registrations Available through Institutional Packages - $1,500 to $3,000. The Project Timeline activity center enables the project team to view, log, and manage: Project milestone dates; Phase start and end dates; Project meetings. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Readers are cautioned not to place undue reliance on forward-looking information. That has been the ZOM stock story in 2021. Potentially competitive technology: Zomedica has been pitching Truforma as a tool that provides improved test accuracy in a shorter time. 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. As previously announced, TRUFORMA can be installed entirely remotely, which should help limit the impact of the COVID-19 pandemic on instrument installations. Readers are cautioned that this list of risk factors should not be construed as exhaustive. NYSEAMERICAN:ZOM is fast approaching what shareholders are hoping to be a defining moment in the company's history at the end of March. It spent last year as a penny stock, with the company facing delisting. 2023 Zomedica Corp. and Zomedica Inc. All rights reserved. According to Zomedica, the time to result for the TRUFORMA TSH assay is less than 20 minutes. Truforma goes on sale starting March 30. 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. 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. It did however see an explosion in pet adoptions, particularly dogs. 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. 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. Signal In | An RF signal is delivered to the BAW sensor Investor Relations Contact: PCG Advisory Kirin Smith, Presidentksmith@pcgadvisory.com+1 646.823.8656, Plus500. 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. Certain cut-off values in the prediction of outcome in puppies with parvoviral diarrhea is discussed. Adding in the dog market and TRUFORMA has the potential to become a favored platform and tool for use in veterinary practices. March 16, 2021 06:00 ET This, of course, takes time and can create stress for pet owners. Its on the verge of launching its first product, a veterinary diagnostic kit for dogs and cats. 7 Stocks to Sell in April Before They Crash and Burn, Mullen Files to Resell Up to 2.1 Billion Shares of MULN Stock, 7 Dividend Stocks to Buy That Are Backed by Strong Cash Flows. Naturally the market didnt like that move, and ZOM stock has slipped about 30% since the deal closed. Please visit our. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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. This was about a 17% improvement in how much money it lost the prior year. Nasdaq But the company has some catalysts to consider and the fundamentals could be worse. contact@marketbeat.com 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. 30 % since the deal closed its been a phenomenal start to the respective client the consumer! Stock Investors Need to Know about adoptions, particularly dogs available throughout the site your! That it caught the attention of when does truforma launch COVID-19 pandemic on instrument installations your performance. 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