Zomedica Announces Publication of Research Concluding TRUFORMA(R) Platform is More Accurate Diagnostic Test for Feline Hyperthyroidism than Chemiluminescent Immunoassay (CLIA) Platform
Zomedica Corp. (ZOM) announces a peer-reviewed research study comparing its TRUFORMA diagnostic platform for feline hyperthyroidism to CLIA platforms, showing improved accuracy. The study suggests TRUFORMA's BAW technology provides more precise results, aiding in early diagnosis. Zomedica collaborates with researchers to enhance animal healthcare, focusing on in-clinic diagnostics for various conditions.
Positive
Publication of a peer-reviewed study favorably comparing TRUFORMA platform for feline hyperthyroidism diagnosis to CLIA platforms
TRUFORMA's BAW technology offers more accurate results, improving early detection of hyperthyroidism
Collaboration with researchers like Dr. Mark E. Peterson to validate TRUFORMA's effectiveness
Ongoing clinical studies and commitment to advancing veterinary care
TRUFORMA provides rapid, reliable diagnostic results with reference lab quality for various animal conditions
The recent study highlighting the superiority of Zomedica's TRUFORMA Bulk Acoustic Wave (BAW) diagnostic platform in diagnosing feline hyperthyroidism represents a significant advancement in veterinary diagnostics. The ability to more accurately identify hyperthyroid cats is crucial since this condition is common in older cats and can significantly impact their health. The study's findings suggest that the TRUFORMA BAW platform could reduce the rate of misdiagnosis associated with the traditional TSH-CLIA assays, which is a substantial improvement in diagnostic accuracy.
From a veterinary health perspective, the immediate benefit is the potential for improved patient outcomes due to earlier and more accurate diagnoses. This is particularly important for conditions like hyperthyroidism, where timely intervention can greatly enhance the quality of life for affected animals. The in-clinic convenience of obtaining results in under thirty minutes with TRUFORMA also means that veterinarians can make faster clinical decisions, enhancing the overall efficiency of veterinary practices.
The publication of this peer-reviewed study is likely to bolster Zomedica's market position within the veterinary diagnostic sector. The validation of the TRUFORMA platform's effectiveness in diagnosing feline hyperthyroidism could lead to increased adoption by veterinary clinics seeking to offer the most accurate and efficient care. The impact on Zomedica's business could be multifaceted, potentially increasing sales of the TRUFORMA diagnostic platform and associated testing reagents.
In the broader context of the veterinary diagnostics market, which is experiencing growth driven by pet owners' increasing willingness to spend on pet healthcare, Zomedica's innovation may capture a significant market share. This could also attract investor interest as the company demonstrates its commitment to advancing veterinary diagnostics through technological innovation and research collaborations.
The financial implications for Zomedica stemming from this study are potentially substantial. As the company did not fund the research, the positive results lend credibility without the associated research and development expenses. This third-party validation could lead to an uptick in investor confidence, potentially impacting Zomedica's stock performance positively. The study's findings may also pave the way for future product developments and assay additions to the TRUFORMA platform, which could further drive revenue growth.
It is essential to monitor how this news translates into actual sales and market penetration. While the study's results are promising, the real test will be the veterinary community's adoption rate and the subsequent financial performance of the TRUFORMA product line. Investors should watch for follow-up reports on sales figures and market feedback to gauge the long-term financial impact of this development on Zomedica's business.
03/14/2024 - 06:30 AM
ANN ARBOR, MI / ACCESSWIRE / March 14, 2024 / Zomedica Corp. (NYSE American:ZOM) ("Zomedica" or the "Company"), a veterinary health company offering point-of-care diagnostics and therapeutic products for equine and companion animals, today announced the publication of a peer-reviewed research study favorably comparing the capabilities for the diagnosis of feline hyperthyroidism of its novel, point-of-care TRUFORMA Bulk Acoustic Wave (BAW) diagnostic platform to chemiluminescent immunoassay (CLIA) platforms currently broadly utilized by reference laboratories globally.
The authors conclude that, "this new TSH-BAW assay more accurately identifies hyperthyroid cats than the current TSH-CLIA assay and would improve the early diagnosis of hyperthyroidism." The article, titled "Evaluation of a novel, sensitive thyroid-stimulating hormone assay as a diagnostic test for thyroid disease in cats" was published in American Journal of Veterinary Research and is available here: https://pubmed.ncbi.nlm.nih.gov/38382201/. Zomedica Inc, provided technical assistance and sample testing reagents, however, Zomedica did not provide financial support or funding for this research and did not have any influence on the results.
"Research suggests that approximately 25% of cats would receive a positive misdiagnosis for hyperthyroidism utilizing TSH-CLIA methodology, as this assay, developed for canine use, lacks the sensitivity of the BAW device," said Dr. Mark E. Peterson, DVM, DIP. ACVIM, 2021 recipient of the American Veterinary Medical Association (AVMA) Lifetime Excellence in Research Award, and lead researcher for the study. "Our results also suggest that measuring serum TSH-BAW concentration be considered as a first-line screening test (together with serum T4) to assess thyroid function in cats with suspected hyperthyroidism."
"The extended dynamic range of the TRUFORMA TSH assay allows the quantification of high and low concentrations of TSH which is vital for accurate diagnosis of canine and particularly feline thyroid disease," said Ashley Wood, PhD, Zomedica's Vice President of Research & Development. "This paper confirms and documents the value of TRUFORMA's BAW feline-optimized assay over the reference lab TSH assay as well as well as over other frequently utilized assays. As TRUFORMA is also fully utilized in the clinic, veterinarians and their patients will also have the added benefit of results in less than half an hour rather than waiting for results from an outside reference lab."
The TRUFORMA diagnostic platform utilizes unique BAW technology that provides highly precise and sensitive measurements at levels that other diagnostic methods utilizing optical-based technologies cannot provide. Currently, TRUFORMA in-clinic diagnostic systems provide accurate, rapid, and reliable diagnostic results to veterinarians to assist in their diagnosis and treatment of complex thyroid and adrenal conditions, canine non-infectious gastrointestinal disease and the first point-of-care assay for equine Cushing's disease, all providing reference lab quality with point of care convenience.
"We are grateful to have the support of Dr. Peterson and his colleagues in validating the TRUFORMA platform as the state of the art for in-clinic diagnosis of feline hyperthyroidism," commented Larry Heaton, Zomedica's Chief Executive Officer. "Zomedica places a top priority in collaborating with veterinary researchers to advance animal healthcare. We remain dedicated to accelerating development of additional highly beneficial assays through our recent acquisition and integration of TRUFORMA's platform developer, and it's rewarding to know that our efforts are yielding such exciting results for the veterinary community."
Zomedica remains steadfast in its commitment to staying at the forefront of diagnostic options in veterinary care. It's unwavering dedication to advancing veterinary care is demonstrated through its ongoing clinical studies, which continue to advance veterinary science.
About Zomedica
Based in Ann Arbor, Michigan, Zomedica (NYSE American:ZOM) is a veterinary health company creating products for horses, dogs, and cats by focusing on the unmet needs of clinical veterinarians. Zomedica's product portfolio includes innovative diagnostics and medical devices that emphasize patient health and practice health. Zomedica's mission is to provide veterinarians the opportunity to increase productivity and grow revenue while better serving the animals in their care. For more information, visit www.zomedica.com .
About Zomedica
Based in Ann Arbor, Michigan, Zomedica (NYSE American:ZOM) is a veterinary health company creating products for horses, dogs, and cats by focusing on the unmet needs of clinical veterinarians. Zomedica's product portfolio includes innovative diagnostics and medical devices that emphasize patient health and practice health. Zomedica's mission is to provide veterinarians the opportunity to increase productivity and grow revenue while better serving the animals in their care. For more information, visit www.zomedica.com .
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What does Zomedica announce in the press release?
Zomedica announces the publication of a peer-reviewed study comparing its TRUFORMA diagnostic platform for feline hyperthyroidism to CLIA platforms.
How does the study suggest TRUFORMA's BAW technology benefits the diagnosis of hyperthyroidism?
The study suggests that TRUFORMA's BAW technology provides more accurate results, aiding in the early diagnosis of hyperthyroidism.
Who is Dr. Mark E. Peterson and what is his role in the study?
Dr. Mark E. Peterson is the lead researcher for the study and collaborates with Zomedica to validate TRUFORMA's effectiveness.
What is Zomedica's commitment to enhancing animal healthcare?
Zomedica remains dedicated to collaborating with veterinary researchers to advance animal healthcare, focusing on in-clinic diagnostics for various conditions.
What quality of diagnostic results does TRUFORMA provide?
TRUFORMA provides rapid, reliable diagnostic results with reference lab quality for various animal conditions.
