This was about a 17% improvement in how much money it lost the prior year. View which stocks are hot on social media with MarketBeat's trending stocks report. 5 Hypergrowth Stocks With 10X Potential in 2023, 7 Sorry Pharma Stocks to Sell in April Before Its Too Late, Louis Navellier and the InvestorPlace Research Staff, 5 Penny Stocks With Explosive 5X Potential, Another Rare Bullish Indicator Flashed Last Week. America didnt get the pandemic baby boom that many were expecting. It is mandatory to procure user consent prior to running these cookies on your website. The goal then is to add two assays and expand the geographical reach later in the year.. The companion animal business at Zoetis bought in roughly $3.65 billion in 2020 representing over 50% of the companys overall revenue. 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. He received his DVM degree from Texas A&M University and went on to complete his internship and residency training in veterinary neurology and internal medicine at The AnimalMedical Center in New York City, receiving board certification in neurology in 2000 and in internal medicine in 2002. 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 future results. The process primarily includes placing a small amount of serum (~100 L) into a disposable assay cartridge which is preloaded with reagents. Chris doesnt have a traditional finance background. The TRUFORMA TSH assay was developed and verified for use with both canine and feline samples. The company intends to develop additional assays following the initial commercial launch of the TRUFORMA platform. This puts the stock within striking distance of its all-time high. 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. LouisNavellierhad an unconventional start, as a grad student who accidentally built a market-beating stock system withreturns rivaling even Warren Buffett. Zomedica has five initial assays under development, comprising two panels one each to detect thyroid and adrenal disease. Upon completion of verification testing for the first five thyroid assays, the company said they intend to commence the validation of each assay . And at a time when pet ownership in the U.S. has never been higher, thanks to the pandemic. 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. Dr. Cook has published numerous articles and book chapters on various aspects of small-animal medicine and regularly speaks at national veterinary meetings. Dr. Cook has published numerous articles and book chapters on various aspects of small-animal medicine and regularly speaks at national veterinary meetings. Should you invest $1,000 in Zomedica right now? The negative 5 cents per share was also a significant improvement over the negative 19 cents per share reported in 2019. Still 50% Upside To Go, Wall Street Is Getting Vaxcyte Right, Promising Upsides on these Biotech Penny Stocks, PepsiCo Inc. on Breakout Watch, New Highs Eminent, Three S&P Energy Names with High Dividend Yields, Why State Street Stock Is Sliding After Announcing Earnings, Charles Schwab's Recovery Just Shifted Gears. quotes delayed at least 15 minutes, all others at least 20 minutes. We also use third-party cookies that help us analyze and understand how you use this website. 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. Americans were already spending a fortune on pet health care ($29.3 billion in the vet office in 2019). Nasdaq 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. Naturally the market didnt like that move, and ZOM stock has slipped about 30% since the deal closed.
Investor Relations Contact: PCG Advisory Kirin Smith, Presidentksmith@pcgadvisory.com+1 646.823.8656, Plus500. The company describes Truforma as a biosensor platform intended for helping veterinarians in diagnosing complex conditions in cats and dogs. 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. Adoption risks: As mentioned earlier, the short-to-mid-term future of Zomedica depends on the success of Truforma. Now available for purchase are TSH, total T4, and cortisol assays. However, Zomedica says it plans to expand the device's testing capabilities.. 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). The launch of the TRUFORMAplatform is an exciting and disruptive milestone in the veterinary diagnostics testing industry that will raise the standard of point-of-care for companion animals.. Assuming successful completion of verification, the goal is to complete . Adding in the dog market and TRUFORMA has the potential to become a favored platform and tool for use in veterinary practices. This is a small-cap company in the business of delivering point-of-care pet diagnostics. Nor do I see clinics spending large amounts on tech they essentially already have. For the full year 2020, the company reported a loss of $16.9 million. Zomedicas product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. 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. BAW technology, also used in cell phones and in the worlds most advanced radar and communications systems, is an extremely reliable and precise technology. 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. 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. Our daily ratings and market update email newsletter. Zomedicas product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. Zomedica is facing an uphill task of making a dent in a market that has some gorillas. 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.
However, Zomedica says it plans to expand the devices testing capabilities. We cannot guarantee future results, performance or achievements. Zomedica adds that the presently available canine-optimized TSH predicate standard test has been evaluated for feline use; however, that test cannot distinguish between low and low-normal TSH levels in cats to its limited sensitivity. It is mandatory to procure user consent prior to running these cookies on your website. But opting out of some of these cookies may affect your browsing experience. Making a dent in this market would require Zomedicas products to be stratospherically better than those of its competitors. 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 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. New tech for diagnosing dogs and cats could be a pet-care game changer, but uptake by vets isn't certain. 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. 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. But opting out of some of these cookies may affect your browsing experience. With chatter ramping up on Reddit, ZOM put together another big surge in February, gaining 137% over three sessions. Six months ago, 15 million shares would trade hands on a good day. 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. The combined dynamic range of the canine and feline TRUFORMA TSH assay is 0.008-10.0 ng/mL compared to the Siemens IMMULITE Canine TSH assay dynamic range of 0.03-12 ng/mL. Benzinga does not provide investment advice. To see all exchange delays and terms of use please see Barchart's disclaimer.
Any internet-connected device can access MyZomedica to view interactive charts, diagnostic tools, and export/print results. Quicker, more precise tests mean they can make treatment decisions faster than they traditionally could. You dont need to get a huge return on Zomedica to make it worthwhile investment. As a vet myself, I know the value of such a product to a veterinary practice. 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. 2023 Zomedica Corp. and Zomedica Inc. All rights reserved. Dr. Arielle Pechette Markley, DVM, cVMA, CVPP, CCRT, DAIPM. 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. 1125 N. Charles St, Baltimore, MD 21201. That said, ZOM stock is at best a watchlist candidate at the moment. Necessary cookies are absolutely essential for the website to function properly. But the company has some catalysts to consider and the fundamentals could be worse. Youll have to wait and see. Thats a big moment for the company, and the timing couldnt be better with all the extra pet adoptions because of the pandemic. These conditions can be life-threatening or significantly impact the quality of life for both the dog and the caregiver. 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 dynamic range of the canine TRUFORMA cortisol assay is 0.35-24.0 g/dL compared to the Siemens IMMULITE Cortisol assay dynamic range of 1-50 g/dL. 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. 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. Fortunately Zomedica is delivering. 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! But if you simply cant wait, it wasnt so long ago that ZOM stock was trading for less than $2. Zoetis stock price is near $160. 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. Type a symbol or company name. It allows veterinarians to conduct tests onsite for cats and dogs. However, ZOM does not own the technology underlying Truforma and according to. Thus, the TRUFORMA canine TSH assay showed a high correlation (R = 0.99) to the Siemens IMMULITE Canine TSH assay. It is Zomedicas mission to provide veterinarians the opportunity to increase productivity and grow revenue while better serving the animals in their care. Readers are cautioned not to place undue reliance on forward-looking information. We cannot guarantee future results, performance or achievements. All rights reserved. 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. Truforma goes on sale starting March 30. All rights reserved. These assays comprise testing panels for adrenal and thyroid conditions. Early Bird Registration (September 13-October 17) - $120. 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. The companys very first commercial product, Truforma is a shoebox-sized point-of-care diagnostic tool for veterinary offices. 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. Truforma goes on sale starting March 30. Zomedica Inc. 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. We are, of course, approaching our planned March 30 th commercial launch of TRUFORMA, our point-of-care diagnostic platform. In January, Carole Baskin of Tiger King fame was paid $299 by a fan to mention Zomedia on Cameo. 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. See what's happening in the market right now with MarketBeat's real-time news feed. Enter Truforma, a point-of-care test that veterinarians can use to run such tests in their office. Get Out Now. Verification data comparing the canine TRUFORMA TSH assay to the Siemens IMMULITE Canine TSH assay showed high correlation (R=0.99). 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. 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. Despite the drama over the past three weeks, ZOM shares are still up more than 2,500% compared to the value in late October. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. https://www.linkedin.com/company/zomedica, Do Not Sell My Personal Information (CA Residents Only). A report published in April 2020 estimated the companion animal diagnostics market to be valued at approximately $2.0 billion in 2019. 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. 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. He received his DVM degree from Texas A&M University and went on to complete his internship and residency training in veterinary neurology and internal medicine at The AnimalMedical Center in New York City, receiving board certification in neurology in 2000 and in internal medicine in 2002. And a successful launch may do just that. 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