Zomedica Expands Market Opportunity for the TRUFORMA Point-of-Care Diagnostic Platform by Securing CE Mark

CE mark enables launch of the TRUFORMA^® Diagnostic Platform into the European Union

ANN ARBOR, MI / ACCESSWIRE / June 25, 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 it has secured the CE mark for its proprietary point-of-care TRUFORMA Bulk Acoustic Wave (BAW) diagnostic platform. The CE mark signifies compliance with stringent European Union safety, health, and environmental standards, enabling Zomedica to introduce the TRUFORMA diagnostic platform across the European Economic Area (EEA).

"Securing the CE mark certification is a significant milestone for Zomedica," commented Larry Heaton, Zomedica's Chief Executive Officer. "Since the launch of the TRUFORMA system into the US veterinary market in 2021, we have received a growing number of requests for the platform to be available in various international markets, including the European Union. Veterinarians worldwide recognize the potential of having such a powerful diagnostic tool in a compact and easy-to-use package right at the point of care."

Mike Mockler, Senior Product Manager at Zomedica, stated, "The TRUFORMA diagnostic platform offers fully quantitative results with reference lab accuracy right at the point of care in minutes, allowing veterinarians to make treatment decisions faster and with more confidence. The TRUFORMA platform offers proprietary assays, such as our Cobalamin & Folate multiplex assay, which have never before been available at the point of care, empowering veterinarians to provide new levels of care. We are proud to bring this innovative technology to veterinary practices across the EEA."

"This is an exciting time for the TRUFORMA platform. The CE mark demonstrates Zomedica's commitment to providing better patient outcomes domestically and globally," commented Brandon Marino, Senior Director of Global Channels for Zomedica. "We believe the TRUFORMA platform will enable veterinarians worldwide the ability to make decisions sooner and treat patients faster through its one-of-a-kind diagnostic testing capabilities."

The TRUFORMA platform addresses a $1.5 billion annual recurring revenue opportunity in the US, and with CE marking secured, is now positioned to expand into the European veterinary diagnostics market, which is forecast to surpass $3.6 billion by 2028.

To learn more about the TRUFORMA diagnostic platform and its innovative use of BAW technologies, please visit Zomedica's website at zomedica.com/truforma.

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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Investor Relations Contact:

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SOURCE: Zomedica Corp.