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. 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. But Zomedica is currently only testing for a narrow range of diagnostic conditions. 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. Lets take a closer look to see if this is a penny stock play. See what's happening in the market right now with MarketBeat's real-time news feed. Americans were already spending a fortune on pet health care ($29.3 billion in the vet office in 2019). Benzinga does not provide investment advice. 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. Although the company has applied for four patents, a portion of any revenue will have to be paid to the owners of the intellectual property. Create your Watchlist to save your favorite quotes on Nasdaq.com. These cookies do not store any personal information. And that means it has a small sliver of this market. However, things arent quite that simple when it comes to Zomedica. For more information, visit www.ZOMEDICA.com. quotes delayed at least 15 minutes, all others at least 20 minutes. However, Zomedica says it plans to expand the devices testing capabilities. Necessary cookies are absolutely essential for the website to function properly. 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. However, you may visit "Cookie Settings" to provide a controlled consent. The first and only feline-optimized TSH assay, which will help veterinarians more readily differentiate between hyperthyroidism and euthyroid sick syndrome. With chatter ramping up on Reddit, ZOM put together another big surge in February, gaining 137% over three sessions. Nasdaq For more information, visit www.ZOMEDICA.com. We set out to develop a product that could provide the accuracy of the reference lab and the convenience of point-of-care for the veterinary community. 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. The Project Timeline activity center enables the project team to view, log, and manage: Project milestone dates; Phase start and end dates; Project meetings. 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. And one of the concerns about Truforma is that Truforma relies on licensed technology. This website uses cookies to improve your experience while you navigate through the website. (844) 978-6257. 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. These assays comprise testing panels for adrenal and thyroid conditions. Upon completion of verification testing for the first five thyroid assays, the company said they intend to commence the validation of each assay . BAW technology, also used in cell phones and in the worlds most advanced radar and communications systems, is an extremely reliable and precise technology. On the date of publication,Craig Adeyanjudid not have (either directly or indirectly) any positions in the securities mentioned in this article. 2023 Benzinga.com. It is Zomedicas mission to provide veterinarians the opportunity to increase productivity and grow revenue while better serving the animals in their care. The Major Red Flag That BBBY Stock Investors Need to Know About. All rights reserved. Readers are cautioned that this list of risk factors should not be construed as exhaustive. The fallouts from that hype have included extreme volatility in ZOM stock. 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. A feline-optimized TSH assay is not commercially available. 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. Using the BAW, Zomedicas verification studies are evaluating a total of three thyroid and adrenal assays intended for use with the TRUFORMA platform at commercial launch. 3 Stocks That Are Poised to Plunge. Calculating Due Dates. Adoption risks: As mentioned earlier, the short-to-mid-term future of Zomedica depends on the success of Truforma. 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. 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. 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." Simply put, more use cases increase the revenue opportunities for ZOM stock. As Ive made mention of a couple of times in this article, Zomedica is a pre-revenue company. Gains of 41% one day, followed immediately by a drop of 14% the next session. 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. THIS IS SIGNIFICANT and could result in a very quick ROI for the vet offices. 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. Zomedica pointed to dynamic range as being another critical factor in favor of its TRUFORMA device. The completions add three newly verified assays, feline total T4 (tT4), and canine and feline TSH (thyroid stimulating hormone). 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. 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. Intensive verification of the TRUFORMA TSH assay was conducted on-site at Qorvo Biotechnologies, LLC, QRVO in two different facilities. Dr. Arielle Pechette Markley, DVM, cVMA, CVPP, CCRT, DAIPM. 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! 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. NYSEAMERICAN:ZOM is fast approaching what shareholders are hoping to be a defining moment in the company's history at the end of March. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. From a market perspective for TRUFORMA, a 2019-2020 American Pet Products Association National Pet Owners Survey indicated that 42.7 million U.S. households own at least one cat. That said, ZOM stock is at best a watchlist candidate at the moment. Endogenous ACTH and free T4 are expected to be available during the coming weeks. The bottom line on Zomedica like so many under-the-radar companies of late is that it caught the attention of the Reddit/Robinhood investing crowd. Liquid reagents come preloaded in sealed, disposable cartridges. As a vet myself, I know the value of such a product to a veterinary practice. Last November, ZOM was a penny stock facing the prospect of delisting. Before you consider Zomedica, you'll want to hear this. This category only includes cookies that ensures basic functionalities and security features of the website. And thats OK with him. Due date calculations for Project Center items do not take into account the time an item was created, but are based on full days. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. 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. At IDEXX, the companion animal group raked in approximately $2.39 billion in 2020 which represents 88% of the companys 2020 revenue. 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