However, you may visit "Cookie Settings" to provide a controlled consent. To see all exchange delays and terms of use please see Barchart's disclaimer. 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. Any internet-connected device can access MyZomedica to view interactive charts, diagnostic tools, and export/print results. 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. Importantly, the lower limit of quantification for the feline assay enabled statistically significant (P value = 0.002) discrimination between normal and hyperthyroid feline serum samples. 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. Zomedica took advantage of the run up in price to issue more shares, bringing $173.5 million in cash. TRUFORMA achieved statistically significant high correlation of R > 0.95 to the Siemens IMMULITE Canine tT4 assay (P value . Zomedica had $76.7 million on its books at the end of last year as opposed to $14.9 the prior year. I very much look forward to being able to report our first sale following launch.. With that in mind, he isnt overly impressed with what companies say, and more focused on what they do. 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. 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.. Zomedica Stock Volatility Continues as Truforma Launch Nears. 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. All rights reserved. IDEXX is trading well over $500 a piece. 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. Assuming successful completion of verification, the goal is to complete . 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). View which stocks are hot on social media with MarketBeat's trending stocks report. This puts the stock within striking distance of its all-time high. 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 numbers are for the entire companion animal diagnostic markets, which has some sub-markets. The ONLY free-T4 (fT4) assay available at point of care, eliminating inaccurate results due to sample heating during shipment to a reference laboratory. That means at this point, all of the companys chips are on a successful launch of Truforma. 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. By accessing this Site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy. A feline-optimized TSH assay is not commercially available. Please visit our. Related to Proforma Schedule. 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. 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. Before you consider Zomedica, you'll want to hear this. Readers are cautioned that this list of risk factors should not be construed as exhaustive. Yet, at $2.06 a share,it could be tempting to think that the stock is cheap and that it has huge upside potential. The TRUFORMA TSH assay was developed and verified for use with both canine and feline samples. Thus far, the stock has had mixed results leading up to. 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. However, as Ill discuss below, while Truforma is a truly exciting product, there are a lot of questions to answer. According to the company itself, the entire diagnostic market will reach $2.8 billion globally by 2024. That has been the ZOM stock story in 2021. An attempted reverse stock split was rejected by shareholders. Its not a hard one to call, honestly. ANN ARBOR, Mich., Nov. 13, 2020 (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, today announced that it expects to begin commercialization of its TRUFORMA point-of-care diagnostic platform on March 30, 2021. Heres a look at the pros and cons of buying ZOM stock. Upon successfully completing this verification and development work, Zomedica intends to commercialize all five initial assays in select strategic markets. Verification of TRUFORMA's initial assays is expected to be completed by the end of the first quarter of 2020. Zomedica Corp. 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. 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. 2023, Nasdaq, Inc. All Rights Reserved. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We also use third-party cookies that help us analyze and understand how you use this website. At IDEXX, the companion animal group raked in approximately $2.39 billion in 2020 which represents 88% of the companys 2020 revenue. quotes delayed at least 15 minutes, all others at least 20 minutes. 7 Penny Stocks Close to Busting Through the $5 Mark This is all good, and on its own, Truforma makes Zomedica worth watching. However, based on the sales forecast for 2021, ZOM stock is extremely overvalued as the chart below shows. Therefore, his office saves $2,250 a week with running tests with Truforma (97.5 tests x $25) and $117,000 a year. Its a wait-and-see kind of situation. 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. When youre investing in penny stocks, the axiom that pigs get fat, hogs get slaughtered is apt advice. 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. 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. Zoetis stock price is near $160. These symbols will be available throughout the site during your session. 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. Naturally the market didnt like that move, and ZOM stock has slipped about 30% since the deal closed. However, these current assay verifications show that the company is advancing the platform toward commercial launch. ZOM is trading at $1.25 per share at the time of . 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. 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. Regardless- Truforma is the real deal , FDA approved & ready to launch. 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. 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. 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. Assays is expected to be completed by the terms of use please see Barchart 's disclaimer for... In penny stocks, the stock within striking distance of its all-time high on sales... Assay verifications show that the company itself, the entire diagnostic market reach. 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