You also have the option to opt-out of these cookies. Flexible use cases: At launch, the Truforma would support tests for adrenal and thyroid disorders in cats and dogs. These symbols will be available throughout the site during your session. Readers are cautioned that this list of risk factors should not be construed as exhaustive. Get daily stock ideas from top-performing Wall Street analysts. 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. PCG may be compensated by respective clients for publicizing information relating to its clients securities. 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 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." 0.0001). However, based on the sales forecast for 2021, ZOM stock is extremely overvalued as the chart below shows. Dr. Arielle Pechette Markley, DVM, cVMA, CVPP, CCRT, DAIPM. Create your Watchlist to save your favorite quotes on Nasdaq.com. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. The dynamic range of the canine TRUFORMA fT4 assay is 7.4-77.2 pmol/L compared to the Siemens IMMULITE Veterinary Free T4 assay dynamic range of 3.9-77.2 pmol/L. Most have cited the upcoming launch of the companies Truforma diagnostic product, launching in March 2021. 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. But opting out of some of these cookies may affect your browsing experience. Zomedica is facing an uphill task of making a dent in a market that has some gorillas. 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). If the pets are healthy, that doesnt help Zomedica. 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. Last November, ZOM was a penny stock facing the prospect of delisting. 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. 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. Readers are cautioned not to place undue reliance on forward-looking information. Discounted Group Registrations Available through Institutional Packages - $1,500 to $3,000. 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 . 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. This is a momentous day for Zomedica, our shareholders, the veterinarians we serve, and the companion animals in their care. 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). Readers are cautioned not to place undue reliance on forward-looking information. This, of course, takes time and can create stress for pet owners. Zomedicas product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. Making a dent in this market would require Zomedicas products to be stratospherically better than those of its competitors. After treading water for much of 2020, ZOM stock is up 786% in 2021. contact@marketbeat.com 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. Thats a big moment for the company, and the timing couldnt be better with all the extra pet adoptions because of the pandemic. NYSEAMERICAN:ZOM is fast approaching what shareholders are hoping to be a defining moment in the company's history at the end of March. PCG is an integrated investor relations, communications and strategic advisory firm. 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. If you are attending as part of a diocese or institution registration, follow links for individual registrations above . 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. Zomedica believes that the TRUFORMA platform represents the first use of BAW technology in disorder and disease-state diagnostics. This is a small-cap company in the business of delivering point-of-care pet diagnostics. Zomedicas product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. This is all good, and on its own, Truforma makes Zomedica worth watching. ZOM Stock Valuation: At face value, the present $2-ish ZOM stock price looks low compared to the mentioned competitors. 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 . It is Zomedicas mission to provide veterinarians the opportunity to increase productivity and grow revenue while better serving the animals in their care. These cookies do not store any personal information. It allows veterinarians to conduct tests onsite for cats and dogs. 2023 Zomedica Corp. and Zomedica Inc. All rights reserved. That means at this point, all of the companys chips are on a successful launch of Truforma. The diagnostics segment of the global companion animal market is expected to reach $2.8 billion by 2024 from $1.7 billion in 2019, at a 9.8% CAGR. 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. 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. 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. Chris has been writing for MarketBeat since 2018. Copyright The initial three thyroid assays are canine and feline tT4 (thyroxine), canine free T4, and canine and feline TSH (thyroid stimulating hormone). Fortunately Zomedica is delivering. That kicked off a 230% ZOM stock rally. Endogenous ACTH and free T4 are expected to be available during the coming weeks. Youll have to wait and see. Upon completion of verification testing for the first five thyroid assays, the company said they intend to commence the validation of each assay and initiate a parallel pilot program focused on optimizing the customer experience. 326 E 8th St #105, Sioux Falls, SD 57103 But does the prospect of finally generating revenue justify a 2,500% surge in ZOM stock price in four months? 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. 2023 Zomedica Corp. and Zomedica Inc. All rights reserved. In-depth profiles and analysis for 20,000 public companies. 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. The negative 5 cents per share was also a significant improvement over the negative 19 cents per share reported in 2019. 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. 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. The Major Red Flag That BBBY Stock Investors Need to Know About. A report published in April 2020 estimated the companion animal diagnostics market to be valued at approximately $2.0 billion in 2019. 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. Its not a hard one to call, honestly. BAW technology, also used in cell phones and in the worlds most advanced radar and communications systems, is an extremely reliable and precise technology. These assays comprise testing panels for adrenal and thyroid conditions. 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 numbers are for the entire companion animal diagnostic markets, which has some sub-markets. 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. Part of the reason for that number is that the company spent about $2 million less on research and development and cut general and administrative expenses by about $ 1 million. https://www.youtube.com/embed/HDDbf76Ngt4, Do Not Sell My Personal Data/Privacy Policy. All rights reserved. It spent last year as a penny stock, with the company facing delisting. Strong Competition: Surely, Zomedica would have plans to expand its product offerings over the next few years. The analysis tested more than 100 samples across 700 cartridge runs using cartridges produced across numerous manufacturing lots. The ONLY on-site canine eACTH assay that eliminates the risk of sample transport error and aids in the diagnosis of adrenal disease. 7 Penny Stocks Close to Busting Through the $5 Mark This is all good, and on its own, Truforma makes Zomedica worth watching. Verification data comparing the canine TRUFORMA cortisol assay to the Siemens IMMULITE Cortisol reference lab assay showed high correlation (R=0.97). Heres a look at the pros and cons of buying ZOM stock. Still, you shouldnt arbitrarily have a high expectation that veterinarians would adopt the device quickly. However, things arent quite that simple when it comes to Zomedica. 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. Adoption risks: As mentioned earlier, the short-to-mid-term future of Zomedica depends on the success of Truforma. There are a few things to note from those forecast figures, though. ZOM is trading at $1.25 per share at the time of . The first and only feline-optimized TSH assay, which will help veterinarians more readily differentiate between hyperthyroidism and euthyroid sick syndrome. (844) 978-6257. Get Out Now. This communication was produced by PCG Digital Holdings, LLC, and affiliate of PCG Advisory Inc., (together PCG). The forward-looking information contained in this news release is expressly qualified by this cautionary statement. This was about a 17% improvement in how much money it lost the prior year. 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. 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. We dedicate ourselves to serving the needs of the broader veterinary community by offering lab services through Bloodhound laboratories, which will allow our practice partners to also advance their endocrine practice. The Launch of Truforma Should Send Zomedica to An All-Time High Fri., March 12, 2021 | Chris Markoch Zomedica (NYSEAMERICAN:ZOM) is a pre-revenue company that is about to bring its first product to market. Zoetis stock price is near $160. Protected by approximately 70 issued and pending patents, the TRUFORMA 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. The ability to reliably and accurately measure cortisol on-site in our emergency service at Guardian Veterinary Specialists has the potential to save lives. BAW technology, also used in cell phones and in the worlds most advanced radar and communications systems, is an extremely reliable and precise technology. The ONLY free-T4 (fT4) assay available at point of care, eliminating inaccurate results due to sample heating during shipment to a reference laboratory. But it wont be a ride in the park for the company. It is mandatory to procure user consent prior to running these cookies on your website. Its possible that the recent interest in ZOM stock may be due to pure speculation without regard to fundamentals. Currently, such testing requires the veterinarian or technician to take a blood test and ship it to a third party lab. 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. The verification studies demonstrated a dynamic range allowing the quantification of both high and low TSH concentrations within the same assay for both species, which Zomedica believes is vital for accurate diagnosis of thyroid disease in canines and felines. Tarform. Adding in the dog market and TRUFORMA has the potential to become a favored platform and tool for use in veterinary practices. Thus far, the stock has had mixed results leading up to. 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. We believe that this will be the first fT4 assay available at the point-of-care. According to the company itself, the entire diagnostic market will reach $2.8 billion globally by 2024. 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. The company did note in a filing with the Securities and Exchange Commission that the expected timing for the completion of the development work and the commercial launch of the TRUFORMA platform and the five initial assays has been adversely affected by the coronavirus pandemic. 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. Contact Chris Markoch via email at CTMarkoch@msn.com. For more information, visit www.ZOMEDICA.com. Please visit our. Now available for purchase are TSH, total T4, and cortisol assays. Lets take a closer look to see if this is a penny stock play. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Right off the bat, you should know that those two latter models are pretty much the same electric bike, with a TIG-welded aluminum frame and identical neo-retro body shapes dominated by a massive black 10kWh battery pack allied to a 41kW (55 hp) electric motor capable of a 120-mph top speed. 2023, Nasdaq, Inc. All Rights Reserved. We cannot guarantee future results, performance or achievements. 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. When youre investing in penny stocks, the axiom that pigs get fat, hogs get slaughtered is apt advice. Just how big is Zomedicas addressable 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. March 16, 2021 06:00 ET 1125 N. Charles St, Baltimore, MD 21201. Fill out the form below and one of our staff will be in touch. 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.. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Upon completion of verification testing for the first five thyroid assays, the company said they intend to commence the validation of each assay . When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Heck, the stock was even flogged on Cameo by a celebrity. Necessary cookies are absolutely essential for the website to function properly. 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 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.. To see all exchange delays and terms of use please see Barchart's disclaimer. Zomedica Inc. These assays comprise testing panels for adrenal and thyroid conditions. 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. | Source: While Zomedica currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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. 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. As a vet myself, I know the value of such a product to a veterinary practice. 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. 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. With any penny stock a range of outcomes is possible. 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. All rights reserved. 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! Is Ollies Bargain Outlets A Value Or A Trap? Dr. Cook has published numerous articles and book chapters on various aspects of small-animal medicine and regularly speaks at national veterinary meetings. TRUFORMA assays achieve reference lab performance levels. The TRUFORMA platform uses innovative bulk acoustic wave (BAW) technology to provide a non-optical, fluorescence-free detection system for diagnostic use in veterinary clinics, providing reference laboratory accuracy in-house. On the date of publication, neither LouisNavellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. To view the original version on ABNewswire visit: Zomedica\s TRUFORMA Expands Suite Of Assays, Revolutionary Platform Readies For Commercialization. Big Market In Companion Animal Treatments. 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. The launch of the TRUFORMA platform is nearing. Due date calculations for Project Center items do not take into account the time an item was created, but are based on full days. 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. This website uses cookies to improve your experience while you navigate through the website. 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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." Readers are cautioned not to place undue reliance on forward-looking information. 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. Jan 24, 2023 Zomedica to Take Control of New Assay Development and Manufacturing of TRUFORMA Product Line through Long-Term Licensing Agreement with Qorvo Biotechnologies Jan 18, 2023 Zomedica Expands Relationship with Structured Medical Products and Begins Commercializing VetGuardian Wireless Monitors Jan 17, 2023 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. Chris doesnt have a traditional finance background. Truforma goes on sale starting March 30. A paper from the Journal of Feline Medicine and Surgery estimated that 10% of cats over the age of 10 will develop hyperthyroidism. This companion application to TRUFORMA provides access to test result reference ranges and aids to help interpret patient cases. TRUFORMA canine and feline assays were evaluated and compared with those of the predicate industry gold standard. For more information, visit www.ZOMEDICA.com. 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. 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. 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Money it lost the prior year the Truforma platform represents the first fT4 assay available at the time of error... Mission to provide veterinarians the opportunity to increase productivity and grow revenue while better serving the animals in care! Its possible that the recent interest in ZOM stock may be due to speculation... Your portfolio performance to leading indices and get personalized stock ideas from top-performing Wall Street analysts a blood test ship... Cautioned not to place undue reliance on forward-looking information from those forecast,. A favored platform and tool for use in veterinary practices of Zomedica depends on the sales forecast for,.