That statistic alone makes TRUFORMA both timely and useful. Contact Chris Markoch via email at CTMarkoch@msn.com. A paper from the Journal of Feline Medicine and Surgery estimated that 10% of cats over the age of 10 will develop hyperthyroidism. Despite the drama over the past three weeks, ZOM shares are still up more than 2,500% compared to the value in late October. However, we can look at their respective overall companion animal groups (which include the diagnostics business) to get a sense of how entrenched they are. 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. 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 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. Adding in the dog market and TRUFORMA has the potential to become a favored platform and tool for use in veterinary practices. This puts the stock within striking distance of its all-time high. Article printed from InvestorPlace Media, https://investorplace.com/2021/03/zom-stock-pros-and-cons-of-buying-zomedica-ahead-of-key-product-launch/. These cookies will be stored in your browser only with your consent. This is another case of hype causing a dramatic spike in value. In that test, 87 serum samples were run on the same freeze-thaw cycle on the TRUFORMA and Siemens IMMULITE devices simultaneously to determine correlation results. 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. All rights reserved. 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. And if the company has to wait for some revenue, its best to have some cash on hand. Heck, the stock was even flogged on Cameo by a celebrity. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. The pandemic-fueled pet boom is only going to raise that. That market is expected to reach roughly $2.7 billion by 2027, with a cumulative average growth rate of 4.1% from 2020 to 2027. This website uses cookies to improve your experience while you navigate through the website. 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. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Its a wait-and-see kind of situation. Verification data comparing the canine TRUFORMA cortisol assay to the Siemens IMMULITE Cortisol reference lab assay showed high correlation (R=0.97). Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Zomedica believes that the TRUFORMA platform represents the first use of BAW technology in disorder and disease-state diagnostics. Americans were already spending a fortune on pet health care ($29.3 billion in the vet office in 2019). They include clinical biochemistry, immunodiagnostics, hematology, urinalysis, molecular diagnostics and others (which, of course, factors other small applications). 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. This should bring up an additional concern. For more information, visit www.ZOMEDICA.com. The Project Timeline activity center enables the project team to view, log, and manage: Project milestone dates; Phase start and end dates; Project meetings. Verification data comparing the canine TRUFORMA fT4 assay to the Siemens IMMULITE Veterinary Free T4 reference lab assay showed high correlation (R=0.92). The optimism about Truforma based on the growth forecasts for pet diagnostics then seems excessive. Investor Relations Contact: PCG Advisory Kirin Smith, Presidentksmith@pcgadvisory.com+1 646.823.8656, Plus500. Readers are cautioned not to place undue reliance on forward-looking information. 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. Get short term trading ideas from the MarketBeat Idea Engine. 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. 326 E 8th St #105, Sioux Falls, SD 57103 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. Zomedica Corp. Any internet-connected device can access MyZomedica to view interactive charts, diagnostic tools, and export/print results. It spent last year as a penny stock, with the company facing delisting. Chris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. And part of the process of bringing these pets into the family will be getting them appropriate veterinary care. Get Out Now. There are already devices that test for adrenal gland diseases and thyroid diseases, so I don't think they will occupy the entire vet market by any means. However, based on the sales forecast for 2021, ZOM stock is extremely overvalued as the chart below shows. BAW technology, also used in cell phones and in the worlds most advanced radar and communications systems, is an extremely reliable and precise technology. Article printed from InvestorPlace Media, https://investorplace.com/2021/03/zom-stock-zomedica-volatility-continues-as-truforma-launch-nears/. Thats possible thanks to the bulk acoustic wave (BAW) technology. 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. Dr. Cook has published numerous articles and book chapters on various aspects of small-animal medicine and regularly speaks at national veterinary meetings. Copy and paste multiple symbols separated by spaces. 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. 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. Flexible use cases: At launch, the Truforma would support tests for adrenal and thyroid disorders in cats and dogs. The analysis tested more than 100 samples across 700 cartridge runs using cartridges produced across numerous manufacturing lots. I would argue that it does not. Six months ago, 15 million shares would trade hands on a good day. January 18-20, 2022. 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 . The first and only feline-optimized TSH assay, which will help veterinarians more readily differentiate between hyperthyroidism and euthyroid sick syndrome. LouisNavellierhad an unconventional start, as a grad student who accidentally built a market-beating stock system withreturns rivaling even Warren Buffett. 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. As Ive made mention of a couple of times in this article, Zomedica is a pre-revenue company. Get Out Now. 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. 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. Dr. Cook has published numerous articles and book chapters on various aspects of small-animal medicine and regularly speaks at national veterinary meetings. 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. It is mandatory to procure user consent prior to running these cookies on your website. 2023 Benzinga.com. Investor Relations Contact: PCG Advisory GroupKirin Smith, COOksmith@pcgadvisory.com+1 646.863.6519. Canine-Optimized Cortisol assay that delivers reference lab accuracy with point-of-care convenience. 1125 N. Charles St, Baltimore, MD 21201. By the middle of last summer, it was clear that the surge that happened in March was becoming a full-fledged boom. 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. Project Timeline Overview. This website uses cookies to improve your experience while you navigate through the website. By clicking Accept All, you consent to the use of ALL the cookies. But Zomedica is currently only testing for a narrow range of diagnostic conditions. This category only includes cookies that ensures basic functionalities and security features of the website. If you are eyeing this penny stock, prudence would dictate waiting for some confirmation that Truforma is delivering as advertised. Please visit our. ZOM Stock Valuation: At face value, the present $2-ish ZOM stock price looks low compared to the mentioned competitors. Flexible use cases: At launch, the Truforma would support tests for adrenal and thyroid disorders in cats and dogs. The numbers are for the entire companion animal diagnostic markets, which has some sub-markets. See what's happening in the market right now with MarketBeat's real-time news feed. These conditions can be life-threatening or significantly impact the quality of life for both the dog and the caregiver. 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. This companion application to TRUFORMA provides access to test result reference ranges and aids to help interpret patient cases. Yet, at $2.06 a share,it could be tempting to think that the stock is cheap and that it has huge upside potential. However, things arent quite that simple when it comes to Zomedica. And that means it has a small sliver of this market. Can Dropbox Compete in the Collaboration Software Market? However, you may visit "Cookie Settings" to provide a controlled consent. 2023 InvestorPlace Media, LLC. Before you consider Zomedica, you'll want to hear this. 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). 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. To view the original version on ABNewswire visit: Zomedica\s TRUFORMA Expands Suite Of Assays, Revolutionary Platform Readies For Commercialization. Year to date, ZOM stock is up 793%. 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. Adrenal and thyroid conditions have been reported as one of the common conditions in felines and canines. 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. Big Market In Companion Animal Treatments. 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. 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. 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. These assays comprise testing panels for adrenal and thyroid conditions. Readers are cautioned not to place undue reliance on forward-looking information. The process primarily includes placing a small amount of serum (~100 L) into a disposable assay cartridge which is preloaded with reagents. Zomedica is facing an uphill task of making a dent in a market that has some gorillas. Americans were already. It allows veterinarians to conduct tests onsite for cats and dogs. 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. With chatter ramping up on Reddit, ZOM put together another big surge in February, gaining 137% over three sessions. 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. 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. Verification data comparing the canine and feline TRUFORMA tT4 assay to the Siemens IMMULITE Canine tT4 reference lab assay showed high correlation (R=0.94). 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. Truforma goes on sale starting March 30. It is Zomedicas mission to provide veterinarians the opportunity to increase productivity and grow revenue while better serving the animals in their care. 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. His office saves roughly $25 for each test ($70-$45=$25). Currently, such testing requires the veterinarian or technician to take a blood test and ship it to a third party lab. Please visit our. However, I find those conclusions misleading. Intensive verification of the TRUFORMA TSH assay was conducted on-site at Qorvo Biotechnologies, LLC, QRVO in two different facilities. Readers are cautioned that this list of risk factors should not be construed as exhaustive. 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). Yes, the company is about to launch Truforma, its first product. The fallouts from that hype have included extreme volatility in ZOM stock. 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. But opting out of some of these cookies may affect your browsing experience. America didnt get the pandemic baby boom that many were expecting. Fill out the form below and well send along some additional materials to help you decide if TRUFORMA is a good fit for your clinic. 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. 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. N. Charles St, Baltimore, MD 21201 cookies to improve your while! These cookies on your website Qorvo Biotechnologies, LLC, QRVO in two different facilities by! Covering various aspects of small-animal medicine and Surgery estimated that 10 % of cats over age... Year to date, ZOM stock is extremely overvalued as the chart below.! 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