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. 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. 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. All rights reserved. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Its not a hard one to call, honestly. Should you invest $1,000 in Zomedica right now? 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; 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, 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 our 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. Its hard to come by the exact figures of how much Zomedicas competitors make in the companion animal diagnostics market. But it wont take much to send Zomedica shares lower. January 18-20, 2022. It will address the effect of critical illness on the hypothalamic-pituitary-adrenal and -thyroidal axes and the use of these hormones in predicting the trajectories of individual patients. 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. However, theres no crystal ball to tell if it will be a hit with operators in the point-of-care diagnostics for cats and dogs. However, you may visit "Cookie Settings" to provide a controlled consent. This, of course, takes time and can create stress for pet owners. Canine-Optimized Cortisol assay that delivers reference lab accuracy with point-of-care convenience. And a successful launch may do just that. This assay will enable quantification of samples with low levels of TSH, which is necessary to discriminate normal and hyperthyroid feline samples. All rights reserved. Certain cut-off values in the prediction of outcome in puppies with parvoviral diarrhea is discussed. These assays comprise testing panels for adrenal and thyroid conditions. Most have cited the upcoming launch of the companies Truforma diagnostic product, launching in March 2021. 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. PCG may be compensated by respective clients for publicizing information relating to its clients securities. Sound like something youd like to wade into? Contact Chris Markoch via email at CTMarkoch@msn.com. According to the company itself, the entire diagnostic market will reach $2.8 billion globally by 2024. 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. It is mandatory to procure user consent prior to running these cookies on your website. 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. Also, the verification data demonstrated promising correlation and dynamic range results for the TRUFORMA TSH assay compared to the current industry standard Siemens IMMULITE Canine TSH reference lab assay. 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. Wall Street's IDEXX consensus EPS forecast is $7.5 per share, compared to a current share price of $503, translating to a 67x forward P/E ratio. If you are attending as part of a diocese or institution registration, follow links for individual registrations above . We are, of course, approaching our planned March 30 th commercial launch of TRUFORMA, our point-of-care diagnostic platform. March 16, 2021 06:00 ET The companion animal business at Zoetis bought in roughly $3.65 billion in 2020 representing over 50% of the companys overall revenue. By clicking Accept All, you consent to the use of ALL the cookies. The applications of Truforma are limited to the immunodiagnostics sub-market, which isnt the fastest-growing submarket molecular diagnostics is. 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 launch of the TRUFORMA platform is nearing. 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. It is Zomedicas mission to provide veterinarians the opportunity to increase productivity and grow revenue while better serving the animals in their care. Zomedica had $76.7 million on its books at the end of last year as opposed to $14.9 the prior year. Can Dropbox Compete in the Collaboration Software Market? 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. 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. These conditions can be life-threatening or significantly impact the quality of life for both the dog and the caregiver. These symbols will be available throughout the site during your session. TRUFORMA achieved statistically significant high correlation of R > 0.95 to the Siemens IMMULITE Canine tT4 assay (P value . Big Market In Companion Animal Treatments. However, this is a company that has struggled mightily to get here. To view the original version on ABNewswire visit: Zomedica\s TRUFORMA Expands Suite Of Assays, Revolutionary Platform Readies For Commercialization. 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. And one of the concerns about Truforma is that Truforma relies on licensed technology. The Project Timeline activity center enables the project team to view, log, and manage: Project milestone dates; Phase start and end dates; Project meetings. Readers are cautioned not to place undue reliance on forward-looking information. Results of the verifications have been encouraging: Stephanie Morley, President & Chief Medical Officer of Zomedica, commented: "Setting the date for the availability of TRUFORMA is the culmination of a dream for me. 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. LouisNavellierhad an unconventional start, as a grad student who accidentally built a market-beating stock system withreturns rivaling even Warren Buffett. The company will release Truforma along with three assays in a limited geographic area as of March 30. 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. Video Link: https://www.youtube.com/embed/HDDbf76Ngt4. Prepares to Launch Veterinarian Diagnostic Device, TRUFORMA(TM); Has Potential to Change Diagnostic Landscape in Animal Health (NYSE American: ZOM) PRESS RELEASE Accesswire Aug. 13 . Type a symbol or company name. Its not a pretty picture if youre trying to get a handle on where this companys shares are going to go next. The first and only feline-optimized TSH assay, which will help veterinarians more readily differentiate between hyperthyroidism and euthyroid sick syndrome. And if the company has to wait for some revenue, its best to have some cash on hand. Its definitely worth checking back in to see how the company is doing once Truforma has hit the market, but for now its stock is just too volatile for my taste. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Readers are cautioned that this list of risk factors should not be construed as exhaustive. Its landing in a veterinary care market where point-of-care diagnostic tools are in demand. To see all exchange delays and terms of use please see Barchart's disclaimer. 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. That said, ZOM stock is at best a watchlist candidate at the moment. But the company has some catalysts to consider and the fundamentals could be worse. 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. 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