Improved precision and greater accuracy of heavily used assay strengthens market potential for flagship in-clinic diagnostic platform
ANN ARBOR, MI / ACCESSWIRE / May 29, 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 launch of its improved canine cortisol assay for the TRUFORMA in-clinic biosensor testing platform. The cortisol assay, one of the most frequently used tests on the platform, now features significant improvements that enhance its precision and accuracy. Zomedica began shipping the new assay to customers earlier this month.
"Since the commercial launch of TRUFORMA, we have continually sought ways to optimize our assays based on field performance feedback," said Ashley Wood, PhD, Zomedica's Vice President of Research and Development. "The cortisol assay is vital for veterinarians, allowing them to perform critical tests such as the Low Dose Dexamethasone suppression test with reference lab accuracy, directly in their clinics. By improving what is already one of our most heavily used assays, we expect to further strengthen the TRUFORMA platform's position in the market."
The TRUFORMA system transforms veterinary practices by enabling rapid in-house diagnostics, eliminating the delays associated with sending samples to external labs. This capability is crucial for enhancing patient care and operational efficiency, offering veterinarians immediate results to make timely treatment decisions. The TRUFORMA platform addresses a $1.5 billion annual recurring revenue opportunity in the US with 14 assays that otherwise are typically sent to outside reference labs for analysis.
"We believe that the enhancements to the cortisol assay make an already valuable tool even better," added T.J. Barclay, Zomedica Professional Services Veterinarian. "The increased dynamic range, which has been improved by over 45%, allows for more effective monitoring of cortisol levels post-treatment, which is essential for managing conditions like Cushing's disease."
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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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SOURCE: Zomedica Corp.
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