Friday, March 12, 2021 | Chris Markoch. Google has many special features to help you find exactly what you're looking for. Regardless- Truforma is the real deal , FDA approved & ready to launch. The dynamic range of the canine TRUFORMA fT4 assay is 7.4-77.2 pmol/L compared to the Siemens IMMULITE Veterinary Free T4 assay dynamic range of 3.9-77.2 pmol/L. Holding strong past product launch. The fallouts from that hype have included extreme volatility in ZOM stock. It’s on the verge of launching its first product, a veterinary diagnostic kit for dogs and cats. The pandemic-fueled pet boom is only going to raise that. Looking to confirm upwards move with a break of the previous high $2.70 Target: $10.80-ish give or take. 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. The Michigan-based company has no revenue. Im excited! In 2021, things really began to spin. Buy the dip, & sell the result! The entire organization will be supported by MyZomedica, the Company’s online portal, which will streamline customer communication and digital touchpoints, giving access to the Zomedica support team and resources. Upcoming launches and landings of crew members to and from the International Space Station, and launches of rockets delivering spacecraft that observe the Earth, visit other planets and explore the … However, this is a company that has struggled mightily to get here. Time: 1-2 weeks. I would argue that it does not. 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. Zomedica has five initial assays under development, comprising two panels – one each to detect thyroid and adrenal disease. Six months ago, 15 million shares would trade hands on a good day. Americans were already spending a fortune on pet health care ($29.3 billion in the vet office in 2019). 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. Zomedica is a veterinary diagnostic company that is nearing the debut of its first product: the multi-diagnostic tool TRUFORMA, set to launch in March 2021. Zomedica will begin selling its Truforma systems on March 30. BAW technology, also used in cell phones and in the world’s most advanced radar and communications systems, is an extremely reliable and precise technology. Americans were … 1125 N. Charles St, Baltimore, MD 21201. 2021 InvestorPlace Media, LLC. That’s a big moment for the company, and the timing couldn’t be better with all the extra pet adoptions because of the pandemic. This is all good, and on its own, Truforma makes Zomedica worth watching. As previously announced, TRUFORMA can be installed entirely remotely, which should help limit the impact of the COVID-19 pandemic on instrument installations. Heck, the stock was even flogged on Cameo by a celebrity. We believe that this will be the first fT4 assay available at the point-of-care. Me neither. Zomedica Stock Volatility Continues as Truforma Launch Nears, 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, The 10 Best High-Quality SPACs to Buy as the Bubble Bursts, Investors Should Fly Past the BUZZ ETF As Fast As They Can, Matt McCall and the InvestorPlace Research Staff. Zomedica (NYSEAMERICAN:ZOM) is a pre-revenue company that is about to bring its first product to market. 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. Zomedica is in the process of building its sales organization in preparation for commercial launch. “It certainly is a pleasure to be able to deliver such good news for our shareholders, employees, partners and, especially, the veterinarians whom we serve,” commented Robert Cohen, Interim Chief Executive Officer of Zomedica. Verification data comparing the canine TRUFORMA cortisol assay to the Siemens IMMULITE Cortisol reference lab assay showed high correlation (R=0.97). The combined dynamic range of the canine and feline TRUFORMA tT4 assay is 0.45-30.0 µg/dL compared to the Siemens IMMULITE tT4 assay dynamic range of 0.5-15 µg/dL. In August, the company announced that it would launch its TRUFORMA diagnostics platform on March 30 of this year. 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. I very much look forward to being able to report our first sale following launch.”. Scoop Up Shares of Churchill Capital IV Stock on the ‘Disappointment Dip’. The expected global market for the diagnostics segment ofcompanion animals is projected to reach $2.8 billion by 2024. 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. TRUFORMA assists in the diagnosis of complex conditions by veterinarians. I very much look forward to being able to report our first sale following launch. I’m not a broker, financial advisor, markets expert or anything of the sort. 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. Zomedica believes that the TRUFORMA platform represents the first use of BAW technology in disorder and disease-state diagnostics. Type a symbol or company name. What Did the Stock Market Do Today? Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett. Zomedica’s product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. 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. Despite the drama over the past three weeks, ZOM shares are still up more than 2,500% compared to the value in late October. Zomedica Stock Volatility Continues as Truforma Launch Nears Editor March 2, 2021 Latest News 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. Type a symbol or company name. But what does Truforma really offer? For more information, visit www.ZOMEDICA.com. It allows veterinarians to conduct tests onsite for cats and dogs. Being able to conduct the test themselves gives faster results, allowing for a quicker start of treatment. 30 Second Overview. 1125 N. Charles St, Baltimore, MD 21201. Truforma goes on sale starting March 30. It’s 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. The company is pre-revenue with its first product — TRUFORMA — set to launch later this month and has a roughly $2.4 billion valuation. Zomedica Corp. is a penny stock that has skyrocketed over 400% since the start of 2021 It has gained more attention recently after a video surfaced of Carole Baskin mentioning Zomedica and its TRUFORMA system. Copyright © 2021 InvestorPlace Media, LLC. Zomedica believes that the TRUFORMA platform represents the first use of BAW technology in disorder and disease-state diagnostics. The feasibility and design phases of the TRUFORMA ACTH assay have been completed, with verification expected to begin in the near future. Last November, ZOM was a penny stock facing the prospect of delisting. As a vet myself, I know the value of such a product to a veterinary practice. This is all good, and on its own, Truforma makes Zomedica worth watching. That has been the ZOM stock story in 2021. Verification data comparing the canine TRUFORMA fT4 assay to the Siemens IMMULITE Veterinary Free T4 reference lab assay showed high correlation (R=0.92). We would like to show you a description here but the site won’t allow us. This isn’t stock advice. This assay will enable quantification of samples with low levels of TSH, which is necessary to discriminate normal and hyperthyroid feline samples. This is a small-cap company … ANN ARBOR, Mich., Nov. 13, 2020 (GLOBE NEWSWIRE) -- Zomedica Corp. (NYSE American: ZOM) (“Zomedica” or the “Company”), a veterinary health company creating … Zomedica Inc. The fact that some of our assays under development not only are believed to be the first ever developed for use at the point-of-care, but also the first ever available in veterinary medicine, is expected to be an exciting contribution to the health and treatment of our pets.". The Main Street Revolution Event will begin in…. Readers are cautioned not to place undue reliance on forward-looking information. 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. In short, the convenience of Truforma is highly appealing, and it could drive substantial revenue growth for Zomedica. All rights reserved. A feline-optimized TSH assay is not commercially available. Verification of TRUFORMA’s™ initial assays is expected to be completed by the end of the first quarter of 2020. On the date of publication, neither Louis Navellier 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. https://www.linkedin.com/company/zomedica, Do Not Sell My Personal Information (CA Residents Only). Verification data comparing the canine TRUFORMA TSH assay to the Siemens IMMULITE Canine TSH assay showed high correlation (R=0.99). Readers are cautioned that this list of risk factors should not be construed as exhaustive. In for 95 shares. 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. 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. ZOM Stock Goes Off the Rails My opinions are mine alone and shouldn’t be considered investment advice or a suggestion to buy a stock. Copy and paste multiple symbols separated by spaces. © 2021, Nasdaq, Inc. All Rights Reserved. Zomedica expects to begin commercial sales of TRUFORMA on March 30, 2021. 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. Lets see what happens! Don’t Ignore the Reddit Penny Stocks Bonanza of 2021, Why CCIV Stock Is Worth $47 Billion Today. Truforma goes on sale starting March 30. 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. 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. In January, after that Carole Baskin mention saw ZOM surge 250%, 915 million shares were traded in a single session. Sound like something you’d like to wade into? Hosting is supported by UCL, Bytemark Hosting, and other partners. Zomedica has a big day March 30th when they are going to launch Truforma, although something I haven't seen from anyone yet is that ZOM does not even truly own Truforma & that they are basically tied together with QRVO. The patented diagnostic platform is expected to produce precise and reliable results when used to detect diseases in … When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The dynamic range of the canine TRUFORMA fT4 assay is 7.4-77.2 pmol/L compared to the Siemens IMMULITE Veterinary Free T4 assay dynamic range of 3.9-77.2 pmol/L. 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. 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. This balance sheet cash and serviceable quarterly dividend of $0.24 contribute to a … Prepares to Launch Veterinarian Diagnostic Device, TRUFORMA(TM); Has Potential to Change Diagnostic Landscape in Animal Health (NYSE American: ZOM), Stocks: AMEX:ZOM, release date:Aug 13, 2019 3 Big Stories to Catch Up On. After it launches in March, … 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. 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