Welcome to our dedicated page for Zomedica news (Ticker: ZOM), a resource for investors and traders seeking the latest updates and insights on Zomedica stock.
The Zomedica Corp. (ZOM) news page on Stock Titan highlights company announcements, product updates, financial results, and strategic initiatives in equine and companion animal health. Zomedica describes itself as an animal health company offering point-of-care diagnostic and therapeutic device products, and its news flow reflects developments across platforms such as PulseVet, Assisi, TRUFORMA, TRUVIEW, VETGuardian, and VETIGEL.
Readers can find coverage of new product launches and enhancements, including the Assisi Loop Lounge tPEMF therapy bed, expansions of the TRUFORMA diagnostic menu such as the equine progesterone assay and feline cobalamin and folate testing, and updates on the TRUVIEW digital cytology microscope. News items also discuss the VETGuardian Zero Touch monitoring system and how it is being presented to veterinarians through educational webinars.
Zomedica’s releases frequently address distribution and market expansion, such as the expanded agreement with Grovet b.v. in the Netherlands, which broadens access to equine therapeutic devices, VETIGEL hemostatic gel, EquiLoop devices, and the TRUFORMA platform in Europe. Financial news, including quarterly results and commentary on diagnostics, therapeutic devices, consumables, and Development Services, provides insight into segment performance and the company’s stated strategy.
Investors and veterinary professionals can also follow Zomedica’s "Fourth Friday at Four" webinar series and related sessions, where the company offers strategic overviews and product-focused presentations. For anyone tracking ZOM news, this page serves as a centralized view of how Zomedica is advancing its veterinary diagnostic, monitoring, and therapeutic platforms, expanding its intellectual property portfolio, and pursuing international growth.
Zomedica Corp. (NYSE American: ZOM) announces Adrian Lock as the new leader of its sales organization. Lock, previously the CEO of PulseVet, brings a decade of experience in veterinary sales, particularly in equine sports medicine. He aims to enhance Zomedica's sales team while focusing on the growth of the Truforma in-clinic biosensor platform and PulseVet shock wave therapy. CEO Larry Heaton supports this move, highlighting Lock's track record in building sales in the equine market and the potential for expansion into the small animal market.
Zomedica Corp. (NYSE: ZOM) announced key additions to its management team, aiming to bolster future growth. Tony Blair joins as Executive Vice President of Operations, bringing over 35 years of experience, while Kristin Domanski has been appointed as Vice President of Human Resources, focusing on HR excellence. Nicole Westfall will lead marketing efforts as Vice President of Marketing, leveraging her 25 years in the field. Evan Saint-Peter has been promoted to Vice President of Technology Innovation. CEO Larry Heaton expressed confidence in the new team to enhance Zomedica's product offerings and growth strategies.
Zomedica Corp. (NYSE American: ZOM) has provided an update on its marketing initiatives and integration with PulseVet during Q1 2022. The company successfully completed sales training for its field sales team ahead of the VMX Veterinary Meeting, where they jointly showcased their TRUFORMA and ProPulse products. Zomedica plans to continue this collaboration at the upcoming Western Veterinary Annual Conference and other smaller meetings. CEO Larry Heaton emphasized the significance of these events to drive adoption of their technologies and enhance veterinarian engagement.
Zomedica Corp. (NYSE American:ZOM) provided a shareholder update from CEO Larry Heaton, outlining company progress and strategies. The focus is on the commercialization of the TRUFORMA product line, launched in May, alongside the acquisition of Pulse Veterinary Technologies for $71.9 million. Despite delays in new assay development due to COVID-19 and supply chain issues, Zomedica expects to commercialize new assays for adrenal and thyroid diseases in 2022. The company reported a strong balance sheet with $271 million in cash post-acquisition, aiming for further product expansion through strategic acquisitions.
Zomedica Corp. (NYSE American: ZOM) announced that CEO Larry Heaton will present a company overview at the virtual H.C. Wainwright BioConnect 2022 Conference from January 10-13, 2022. The presentation will be available on-demand starting January 10 at 7:00 am ET for registered attendees and the public at this link, and on Zomedica's website thereafter. The company focuses on providing innovative diagnostic and therapeutic products for companion animals, aiming to enhance the productivity and revenue for veterinary practices.
Zomedica Corp. (NYSE American: ZOM) reported financial results for Q3 and YTD 2021, highlighting a net loss of approximately $6.3 million or $0.01 per share for Q3, and $15.1 million or $0.05 per share for nine months. Revenue from TRUFORMA® products was $22,514 for Q3 and $52,331 YTD. Selling and administrative expenses surged to $6.1 million in Q3, a 166% increase, driven by share-based compensation and acquisition costs. Zomedica ended September 2021 with approximately $271.4 million in cash, post-PulseVet acquisition, positioning for growth in 2022.
Zomedica Corp. (NYSE American: ZOM) announced the appointment of Larry Heaton as President and future CEO, effective October 1, 2021. Heaton, with over 35 years of experience in medical device and biotechnology sectors, succeeds Robert Cohen, who will retire on October 31, 2021, but remain on the Board. Heaton expressed optimism about Zomedica's growth opportunities, particularly with its TRUFORMA® diagnostic platform and the recent acquisition of PulseVet.
Zomedica Corp. (NYSE American: ZOM) announced the acquisition of Pulse Veterinary Technologies for $70.9 million in an all-cash transaction. PulseVet is a leader in electro-hydraulic shock wave technology used for treating various veterinary conditions. This acquisition aims to expand Zomedica's product offerings and enhance sales capabilities, particularly for PulseVet’s new X-Trode handpiece, which enhances treatment for companion animals. Zomedica’s CEO highlighted the strategic importance of this acquisition in accelerating overall growth.
Zomedica Corp. (NYSE American: ZOM) appointed Sean Whelan to its Board of Directors, filling the vacancy left by Christopher Wolfenberg's resignation. CEO Robert Cohen expressed enthusiasm for Whelan's extensive financial expertise and his anticipated role as Chairman of the Audit Committee. Whelan, who has a strong background in finance from companies like Encore Rehabilitation Services and Diplomat, Inc., noted his excitement for Zomedica’s future products. The company focuses on veterinary health diagnostics and aims to enhance productivity and revenue for veterinarians.
Zomedica Corp. (NYSE American: ZOM) has launched its TRUFORMA® Instrument Placement Program to drive future assay sales, securing 41 agreements and installing 25 instruments since July 13, 2021. For Q2 2021, the company reported a net loss of approximately $4.7 million and revenue of $15,693 from TRUFORMA® sales. Notably, market acceptance has faced challenges due to delays in assay development, with fT4 and ACTH assays expected for sale in Fall 2021. Cash reserves stood at $276.2 million as of June 30, 2021, reflecting significant growth in equity.
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