This website uses cookies to improve your experience while you navigate through the website. 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. 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. 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. His office currently waits 2 days for cortisol test results, 48 hours. Its on the verge of launching its first product, a veterinary diagnostic kit for dogs and cats. Article printed from InvestorPlace Media, https://investorplace.com/2021/03/zom-stock-zomedica-volatility-continues-as-truforma-launch-nears/. The company will release Truforma along with three assays in a limited geographic area as of March 30. Its hard to come by the exact figures of how much Zomedicas competitors make in the companion animal diagnostics market. This category only includes cookies that ensures basic functionalities and security features of the website. Still, you shouldnt arbitrarily have a high expectation that veterinarians would adopt the device quickly. 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. Related to Proforma Schedule. Included in their research and development activities, Zomedica screened 25 monoclonal antibodies pairs to determine an antibody pair with optimum performance for canine and feline testing. Sound like something youd like to wade into? Having an accurate and reliable, patient-side, cortisol assay will allow veterinarians to manage canine adrenal diseases more effectively and efficiently, and could save lives." Simple installation and a user-friendly interface gets teams running tests in no time. Investor Relations Contact: PCG Advisory GroupKirin Smith, COOksmith@pcgadvisory.com+1 646.863.6519. 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. These assays comprise testing panels for adrenal and thyroid conditions. (844) 978-6257. PCG may be compensated by respective clients for publicizing information relating to its clients securities. Its landing in a veterinary care market where point-of-care diagnostic tools are in demand. The huge gains (and volatility) in ZOM stock are more about Reddit and celebrity endorsements. Just how big is Zomedicas addressable market. Signal In | An RF signal is delivered to the BAW sensor Zomedica noted that if the same samples are tested on two different types of machines and achieve exactly the same results, the correlation would be R=1. Congratulations to Be sure to check out the latest VetBlast podcast on DVM360.com. 2023 Zomedica Corp. and Zomedica 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. PCG is not a registered or licensed broker, dealer, broker-dealer, investment adviser nor investment manager, nor does PCG engage in any activities that would require such registrations. To see all exchange delays and terms of use please see Barchart's disclaimer. But if you simply cant wait, it wasnt so long ago that ZOM stock was trading for less than $2. Strong Competition: Surely, Zomedica would have plans to expand its product offerings over the next few years. 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. America didnt get the pandemic baby boom that many were expecting. These verification studies evaluate two adrenal assays: canine cortisol and canine eACTH (endogenous adrenocorticotropic hormone). For more information in terms of compensation received for services provided by PCG, see the pertinent advertising materials relating to the respective client. March 16, 2021 06:00 ET The fallouts from that hype have included extreme volatility in ZOM stock. Export data to Excel for your own analysis. 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. Get Out Now. 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. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on and Zomedica wasn't on the list. A paper from the Journal of Feline Medicine and Surgery estimated that 10% of cats over the age of 10 will develop hyperthyroidism. View which stocks are hot on social media with MarketBeat's trending stocks report. This is all good, and on its own, Truforma makes Zomedica worth watching. TRUFORMA canine and feline assays were evaluated and compared with those of the predicate industry gold standard. Naturally the market didnt like that move, and ZOM stock has slipped about 30% since the deal closed. 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. 2023 Benzinga.com. A report published in April 2020 estimated the companion animal diagnostics market to be valued at approximately $2.0 billion in 2019. We also use third-party cookies that help us analyze and understand how you use this website. 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. Dynamic range is the functional range of a test over which the concentrations of an analyte can be measured with acceptable accuracy and precision. https://www.linkedin.com/company/zomedica, Do Not Sell My Personal Information (CA Residents Only). And that is likely to continue into 2021. The initial three thyroid assays are canine and feline tT4 (thyroxine), canine free T4, and canine and feline TSH (thyroid stimulating hormone). This is another case of hype causing a dramatic spike in value. Both roll on 18-inch billet or aluminum . It allows veterinarians to conduct tests onsite for cats and dogs. 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! When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. That kicked off a 230% ZOM stock rally. Despite the drama over the past three weeks, ZOM shares are still up more than 2,500% compared to the value in late October. It is mandatory to procure user consent prior to running these cookies on your website. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Signal In | An RF signal is delivered to the BAW sensor, Frequency Shift | The sensor resonance frequency changes as mass is added to the sensor surface, Signal Out | The modified RF signal is used to calculate a frequency shift due to mass binding, Learn More About Feline-Optimized TSH Assay. Gains of 41% one day, followed immediately by a drop of 14% the next session. But it wont be a ride in the park for the company. The completions add three newly verified assays, feline total T4 (tT4), and canine and feline TSH (thyroid stimulating hormone). It did however see an explosion in pet adoptions, particularly dogs. The ability to reliably and accurately measure cortisol on-site in our emergency service at Guardian Veterinary Specialists has the potential to save lives. Can Dropbox Compete in the Collaboration Software Market? It is Zomedicas mission to provide veterinarians the opportunity to increase productivity and grow revenue while better serving the animals in their care. Identify stocks that meet your criteria using seven unique stock screeners. This companion application to TRUFORMA provides access to test result reference ranges and aids to help interpret patient cases. Commercialization plans remain on track and we are beginning to . Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. This communication was produced by PCG Digital Holdings, LLC, and affiliate of PCG Advisory Inc., (together PCG). 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. Now available for purchase are TSH, total T4, and cortisol assays. 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. 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. As Ive made mention of a couple of times in this article, Zomedica is a pre-revenue company. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. That might be where Id look to get in. quotes delayed at least 15 minutes, all others at least 20 minutes. 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.. Project Timeline Overview. Our daily ratings and market update email newsletter. Amyris May be Oversold, but is it Worth Fighting the Shorts? Dr. Cook has published numerous articles and book chapters on various aspects of small-animal medicine and regularly speaks at national veterinary meetings. With chatter ramping up on Reddit, ZOM put together another big surge in February, gaining 137% over three sessions. The company has a first mover advantage in an underserved market. 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). 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. Most have cited the upcoming launch of the companies Truforma diagnostic product, launching in March 2021. Please visit our. Quicker, more precise tests mean they can make treatment decisions faster than they traditionally could. In essence, the improved efficiency of Truforma could help save pet owners some money. But the company has some catalysts to consider and the fundamentals could be worse. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. 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 same technology used in aerospace and telecommunications can now be used at your practice. As previously reported, this organization will include distributors, distributor support representatives, direct sales representatives and professional service veterinarians. The optimism about Truforma based on the growth forecasts for pet diagnostics then seems excessive. 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 . 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 30th schedule. 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. 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. 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. 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. But does the prospect of finally generating revenue justify a 2,500% surge in ZOM stock price in four months? Zomedica Sets March 30, 2021 as Expected Commercialization Date for TRUFORMA Published Nov 13, 2020 6:00AM EST Certain assays under development are believed to be the first ever for use at the. Americans were already spending a fortune on pet health care ($29.3 billion in the vet office in 2019). According to Zomedica, the technologys high precision means veterinarians could diagnose companion animals for conditions such as thyroid and adrenal disorders without requiring a reference lab confirmation. PCG is an integrated investor relations, communications and strategic advisory firm. 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. At IDEXX, the companion animal group raked in approximately $2.39 billion in 2020 which represents 88% of the companys 2020 revenue. The feasibility and design phases of the TRUFORMA ACTH assay have been completed, with verification expected to begin in the near future. Zomedica is in the process of building its sales organization in preparation for commercial launch. Real Madrid are the defending champions, having won their 35th title the previous season.. With the 2022 FIFA World Cup having commenced on 20 November, there was a mid . 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. 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. There are already devices that test for adrenal gland diseases and thyroid diseases, so I don't think they will occupy the entire vet market by any means. And that means it has a small sliver of this market. However, things arent quite that simple when it comes to Zomedica. Dr. Arielle Pechette Markley, DVM, cVMA, CVPP, CCRT, DAIPM. Should you invest $1,000 in Zomedica right now? Six months ago, 15 million shares would trade hands on a good day. Zomedica, (NYSE American:ZOM), a veterinary diagnostic company, has completed the final verification of three additional assays for use with its TRUFORMA point-of-care diagnostic platform. By clicking Accept All, you consent to the use of ALL the cookies. Investor Relations Contact: PCG Advisory Kirin Smith, Presidentksmith@pcgadvisory.com+1 646.823.8656, Plus500. But it wont take much to send Zomedica shares lower. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. The big news for Zomedica and any investors who have interest in this company as a long-term holding is Truforma. THIS IS SIGNIFICANT and could result in a very quick ROI for the vet offices. 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. The ability to reliably and accurately measure cortisol on-site in our emergency service at Guardian Veterinary Specialists has the potential to save lives. 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 . Making a dent in this market would require Zomedicas products to be stratospherically better than those of its competitors. 3 Stocks That Are Poised to Plunge. Zomedicas product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. 2023 Zomedica Corp. and Zomedica Inc. all rights reserved in terms of use please see Barchart 's disclaimer and user-friendly... To the use of all the cookies followed immediately by a drop of 14 % the next session publicizing relating... And Feline assays were evaluated and compared with those of its competitors purchase are TSH, T4. All exchange delays and terms of use please see Barchart 's disclaimer PCG GroupKirin... 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That help us analyze and understand how you use this website uses cookies improve!, cVMA, CVPP, CCRT, DAIPM so much of what happens with a stock Chris...