Get Out Now. Thus far, the stock has had mixed results leading up to. But does the prospect of finally generating revenue justify a 2,500% surge in ZOM stock price in four months? According to Zomedica, the time to result for the TRUFORMA TSH assay is less than 20 minutes. For more information in terms of compensation received for services provided by PCG, see the pertinent advertising materials relating to the respective client. This is a small-cap company in the business of delivering point-of-care pet diagnostics. 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. 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. The optimism about Truforma based on the growth forecasts for pet diagnostics then seems excessive. All rights reserved. Export data to Excel for your own analysis. 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. TRUFORMA is the company's innovative diagnostic tool that aims to replace old-fashioned methods of diagnosis that require patient samples to be sent to an outside lab for testing before therapeutic or prescription treatments can be offered. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. 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. Making a dent in this market would require Zomedicas products to be stratospherically better than those of its competitors. These cookies will be stored in your browser only with your consent. Zomedicas product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. 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. 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. And that means it has a small sliver of this market. Americans were already spending a fortune on pet health care ($29.3 billion in the vet office in 2019). 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. New tech for diagnosing dogs and cats could be a pet-care game changer, but uptake by vets isn't certain. Article printed from InvestorPlace Media, https://investorplace.com/2021/03/zom-stock-pros-and-cons-of-buying-zomedica-ahead-of-key-product-launch/. The company will release Truforma along with three assays in a limited geographic area as of March 30. I very much look forward to being able to report our first sale following launch.. The entire organization will be supported by MyZomedica, the Companys online portal, which will streamline customer communication and digital touchpoints, giving access to the Zomedica support team and resources. Nor do I see clinics spending large amounts on tech they essentially already have. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. But the company has some catalysts to consider and the fundamentals could be worse. Zomedica took advantage of the run up in price to issue more shares, bringing $173.5 million in cash. As Ive made mention of a couple of times in this article, Zomedica is a pre-revenue company. The technology is a high-precision solution presently being used to deliver cleaner signals in communications materials particularly the next-gen 5G-enabled devices. Real-time analyst ratings, insider transactions, earnings data, and more. 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. TRUFORMA assays achieve reference lab performance levels. Certain cut-off values in the prediction of outcome in puppies with parvoviral diarrhea is discussed. Both roll on 18-inch billet or aluminum . Endogenous ACTH and free T4 are expected to be available during the coming weeks. LouisNavellierhad an unconventional start, as a grad student who accidentally built a market-beating stock system withreturns rivaling even Warren Buffett. 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. 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). Get Out Now. 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. But what does Truforma really offer? Zomedica Corp. Readers are cautioned that this list of risk factors should not be construed as exhaustive. 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.. 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. 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. 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. This puts the stock within striking distance of its all-time high. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Year to date, ZOM stock is up 793%. 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. The analysis tested more than 100 samples across 700 cartridge runs using cartridges produced across numerous manufacturing lots. However, you may visit "Cookie Settings" to provide a controlled consent. The company is also proceeding on verification work on its canine free T4 assay. Six months ago, 15 million shares would trade hands on a good day. And part of the process of bringing these pets into the family will be getting them appropriate veterinary care. Verification data comparing the canine TRUFORMA cortisol assay to the Siemens IMMULITE Cortisol reference lab assay showed high correlation (R=0.97). Its the size of a shoebox and weighs in at just seven pounds. Due date calculations for Project Center items do not take into account the time an item was created, but are based on full days. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. You also have the option to opt-out of these cookies. 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. 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. When we first conceived the TRUFORMA device, our goal was to develop a point-of-care device that provided reference lab . 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. Tarform. 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. This was about a 17% improvement in how much money it lost the prior year. Related to Proforma Schedule. I would argue that it does not. This is all good, and on its own, Truforma makes Zomedica worth watching. However, this is a company that has struggled mightily to get here. 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. 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. Contact Chris Markoch via email at CTMarkoch@msn.com. 3 Stocks That Are Poised to Plunge. 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 the public offering. quotes delayed at least 15 minutes, all others at least 20 minutes. Is Ollies Bargain Outlets A Value Or A Trap? Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. Strong Competition: Surely, Zomedica would have plans to expand its product offerings over the next few years. 2023 Benzinga.com. Zomedica partnered with semiconductor company Qorvo (NASDAQ:QRVO) to bring this tech to the point-of-care veterinary practice for the first time. But it wont be a ride in the park for the company. PCG may be compensated by respective clients for publicizing information relating to its clients securities. By clicking Accept All, you consent to the use of ALL the cookies. 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.". We are, of course, approaching our planned March 30 th commercial launch of TRUFORMA, our point-of-care diagnostic platform. 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. Chris doesnt have a traditional finance background. The first and only feline-optimized TSH assay, which will help veterinarians more readily differentiate between hyperthyroidism and euthyroid sick syndrome. However, you may visit "Cookie Settings" to provide a controlled consent. But opting out of some of these cookies may affect your browsing experience. However, ZOM does not own the technology underlying Truforma and according to. The TRUFORMA dynamic range is 0.45 - >30 g/dL (vs . To view the original version on ABNewswire visit: Zomedica\s TRUFORMA Expands Suite Of Assays, Revolutionary Platform Readies For Commercialization. His office currently waits 2 days for cortisol test results, 48 hours. 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. So far, we have a compelling story about an interesting company about to tap into a lucrative market. 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. 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. That kicked off a 230% ZOM stock rally. Combined with the previously verified canine total tT4 assay, the total represents the completion of the first two assays for both canine and feline of the total of five assays initially planned for use with the TRUFORMA platform. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. 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. Dr. Cook has published numerous articles and book chapters on various aspects of small-animal medicine and regularly speaks at national veterinary meetings. Zomedica had $76.7 million on its books at the end of last year as opposed to $14.9 the prior year. American Consumer News, LLC dba MarketBeat 2010-2023. NYSEAMERICAN:ZOM is fast approaching what shareholders are hoping to be a defining moment in the company's history at the end of March. This should bring up an additional concern. Should you invest $1,000 in Zomedica right now? Its landing in a veterinary care market where point-of-care diagnostic tools are in demand. 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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This was about a 17 % improvement in how much money it lost the year... Company is also proceeding on verification work on its books at the of... Wont be a hit with operators in the prediction of outcome in puppies parvoviral! Assay, which will help veterinarians more readily differentiate between hyperthyroidism and euthyroid syndrome! 48 hours leading indices and get personalized stock ideas based on your portfolio performance leading.

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