And one of the concerns about Truforma is that Truforma relies on licensed technology. This means that the standard extended process of diagnosing these ailments adds to the overall cost of treating cats and dogs. Potentially competitive technology: Zomedica has been pitching Truforma as a tool that provides improved test accuracy in a shorter time. In 2021, things really began to spin. 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. In January, Carole Baskin of Tiger King fame was paid $299 by a fan to mention Zomedia on Cameo. 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. Total-T4 Assay with enhanced dynamic range. And a successful launch may do just that. 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.. When we first conceived the TRUFORMA device, our goal was to develop a point-of-care device that provided reference lab . PCG may be compensated by respective clients for publicizing information relating to its clients securities. 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. As a vet myself, I know the value of such a product to a veterinary practice. And that is likely to continue into 2021. Enter Truforma, a point-of-care test that veterinarians can use to run such tests in their office. We also use third-party cookies that help us analyze and understand how you use this website. We believe that this will be the first fT4 assay available at the point-of-care. These cookies do not store any personal information. But if the pet needs testing for thyroid or adrenal issues, Zomedica has the solution. Zomedica partnered with semiconductor company Qorvo (NASDAQ:QRVO) to bring this tech to the point-of-care veterinary practice for the first time. However, you may visit "Cookie Settings" to provide a controlled consent. This is another case of hype causing a dramatic spike in value. 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. Strong Competition: Surely, Zomedica would have plans to expand its product offerings over the next few years. 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 company intends to develop additional assays following the initial commercial launch of the TRUFORMA platform. 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. Uh-Oh. At IDEXX, the companion animal group raked in approximately $2.39 billion in 2020 which represents 88% of the companys 2020 revenue. Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are 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.
This communication was produced by PCG Digital Holdings, LLC, and affiliate of PCG Advisory Inc., (together PCG). All rights reserved. And that means it has a small sliver of this market. There are a few things to note from those forecast figures, though. Concerns about Truformas addressable market: Some commentators, including InvestorPlaces Ian Cooper, point at the diagnostic market forecast as one of the reasons to be bullish about ZOM. These cookies do not store any personal information. The Major Red Flag That BBBY Stock Investors Need to Know About. 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. Get short term trading ideas from the MarketBeat Idea Engine. For the full year 2020, the company reported a loss of $16.9 million. It spent last year as a penny stock, with the company facing delisting. By the middle of last summer, it was clear that the surge that happened in March was becoming a full-fledged boom. 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. The device, which is on pace to launch by the end of first quarter of 2020, is expecting to earn a large share of the estimated $2.7 billion companion pet diagnostic and healthcare market expected by 2024. 7 Penny Stocks Close to Busting Through the $5 Mark This is all good, and on its own, Truforma makes Zomedica worth watching. America didnt get the pandemic baby boom that many were expecting. The companys very first commercial product, Truforma is a shoebox-sized point-of-care diagnostic tool for veterinary offices.
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. Zoetis stock price is near $160. 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. 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. Yes, the prospects of Truforma are truly eye-popping. Endogenous ACTH and free T4 are expected to be available during the coming weeks. 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. Big Market In Companion Animal Treatments. Readers are cautioned not to place undue reliance on forward-looking information. Zomedica believes that the TRUFORMA platform represents the first use of BAW technology in disorder and disease-state diagnostics. 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. https://www.youtube.com/embed/HDDbf76Ngt4, Do Not Sell My Personal Data/Privacy Policy.
Zomedica has five initial assays under development, comprising two panels one each to detect thyroid and adrenal disease. All rights reserved. The technology is a high-precision solution presently being used to deliver cleaner signals in communications materials particularly the next-gen 5G-enabled devices. 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. The process primarily includes placing a small amount of serum (~100 L) into a disposable assay cartridge which is preloaded with reagents. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. For more information, visit www.ZOMEDICA.com. 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. 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. Uniquely, the TRUFORMA platform uses Bulk Acoustic Wave (BAW) technology, developed by Qorvo, to provide a non-optical and fluorescence-free detection system for use at the point-of-care. You also have the option to opt-out of these cookies. 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. 2023 Zomedica Corp. and Zomedica Inc. All rights reserved. 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. Is Ollies Bargain Outlets A Value Or A Trap? Commercialization plans remain on track and we are beginning to . That might be where Id look to get in. Endogenous ACTH and free T4 are expected to be available during the coming weeks. Last November, ZOM was a penny stock facing the prospect of delisting. Making a dent in this market would require Zomedicas products to be stratospherically better than those of its competitors. The ONLY on-site canine eACTH assay that eliminates the risk of sample transport error and aids in the diagnosis of adrenal disease. Its landing in a veterinary care market where point-of-care diagnostic tools are in demand. Amyris May be Oversold, but is it Worth Fighting the Shorts? Contact Chris Markoch via email at CTMarkoch@msn.com. Despite the drama over the past three weeks, ZOM shares are still up more than 2,500% compared to the value in late October. Zomedicas product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. The big news for Zomedica and any investors who have interest in this company as a long-term holding is Truforma. Yes, the company is about to launch Truforma, its first product. 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. They include clinical biochemistry, immunodiagnostics, hematology, urinalysis, molecular diagnostics and others (which, of course, factors other small applications). Should you invest $1,000 in Zomedica right now? BAW technology, also used in cell phones and in the worlds most advanced radar and communications systems, is an extremely reliable and precise technology. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. But it wont take much to send Zomedica shares lower. A feline-optimized TSH assay is not commercially available. Copyright 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 We are, of course, approaching our planned March 30 th commercial launch of TRUFORMA, our point-of-care diagnostic platform. Its hard to come by the exact figures of how much Zomedicas competitors make in the companion animal diagnostics market. The ONLY free-T4 (fT4) assay available at point of care, eliminating inaccurate results due to sample heating during shipment to a reference laboratory. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; uncertainty as to the timing and results of development work and verification and validation studies; uncertainty as to the timing and results of commercialization efforts, as well as the cost of commercialization efforts, including the cost to develop a distribution network and manage our growth; uncertainty as to our ability to supply equipment and assays in response to customer demand; uncertainty as to the likelihood and timing of any required regulatory approvals, and the availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; veterinary acceptance of our products; competition from related products; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; our ability to secure and maintain strategic relationships; performance by our strategic partners of their obligations under our commercial agreements, including product manufacturing obligations; risks pertaining to permits and licensing, intellectual property infringement risks, risks relating to any required clinical trials and regulatory approvals, risks relating to the safety and efficacy of our products, the use of our products, intellectual property protection, risks related to the COVID-19 pandemic and its impact upon our business operations generally, including our ability to develop and commercialize our products, and the other risk factors disclosed in our filings with the SEC and under our profile on SEDAR at www.sedar.com. This category only includes cookies that ensures basic functionalities and security features of the website. 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. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Its a wait-and-see kind of situation. Investor Relations Contact: PCG Advisory Kirin Smith, Presidentksmith@pcgadvisory.com+1 646.823.8656, https://www.linkedin.com/company/zomedica. That might be where Id look to get in is another case of hype causing a dramatic in. 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All rights reserved use third-party cookies that help us analyze and understand you. Term trading ideas from the MarketBeat Idea Engine things to note from those forecast,. By the middle of last summer, it was clear that the device! Affiliate of PCG Advisory Kirin Smith, Presidentksmith @ pcgadvisory.com+1 646.823.8656, https: //www.youtube.com/embed/HDDbf76Ngt4, not! The companion animal diagnostics market come by the exact figures of how much Zomedicas competitors make in the of...
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