Zomedica Signs TRUFORMA™ Distribution Agreement With Miller Veterinary Supply
January 25 2021 - 6:10AM
Zomedica Corp. (NYSE American: ZOM) (“Zomedica”), a veterinary
health company creating point-of-care diagnostics products for dogs
and cats, today announced that it has signed an agreement with
Miller Veterinary Supply (“Miller”) for the distribution of
TRUFORMA™, Zomedica’s first product, planned to begin sales on
March 30, 2021.
Miller, one of the veterinary industry’s fastest
growing businesses, was established in 1920 and now is the oldest
wholesale veterinary distributor in the United States. The Company
currently is managed by a group of veterinary industry veterans.
Remaining small and independent allows Miller to provide
exceptional customer service by employing knowledgeable people who
know how a practice functions and by being very flexible. Not
content to rest on their 100-year history, the Company is growing
rapidly and expanding aggressively.
Under the terms of the distribution agreement,
Miller will be representing Zomedica in states ranging from Texas
to Maine, concentrated in the eastern and mid-eastern portion of
the United States. As previously announced, they will be supported
by several Zomedica sales employees in the field assigned to work
with the Miller sales representatives to enhance the level of
customer service provided relating to TRUFORMA. Zomedica currently
is recruiting these support representatives as part of its
commercialization preparation.
Miller assigns dedicated and educated Inside
Sales Specialists and Territory Managers to each customer
account. This team always is available to handle each account
personally by whatever communication method preferred by the
customer. They take pride in their experience and attention
to customer needs. Miller provides a seamless experience
between online and offline channels. Their online ordering
offers speed and convenience, while their sales team always is
available to offer solutions and to provide value.
“We could not be happier about signing this
distribution agreement with such a reputable and highly experienced
organization,” stated Robert Cohen, Chief Executive Officer of
Zomedica. “We believe that the principals of Miller share the same
commitment to quality, customer service, and value that we hope to
be hallmarks of the TRUFORMA™ line of products. We look forward to
serving the veterinary community together as we introduce TRUFORMA
into the marketplace.”
Clay Cass, Executive Vice President and Chief
Operating Officer of Miller, commented that: “It isn’t often that
an industry-changing product like TRUFORMA™ comes along. We are
honored and excited to have been chosen to help bring this
technology to market. We look forward to working together with
Zomedica to introduce TRUFORMA to our many valued customers and the
pets in their care.”
Protected by approximately 70 issued and pending
patents, the TRUFORMA diagnostic platform uses Bulk Acoustic Wave
(“BAW”) technology, developed by Qorvo to provide a non-optical and
fluorescence-free detection system for use at the point-of-care.
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.
About ZomedicaBased in Ann Arbor, Michigan,
Zomedica (NYSE American: ZOM) is a veterinary health company
creating products for dogs and cats by focusing on the unmet needs
of clinical veterinarians. Zomedica’s product portfolio will
include innovative diagnostics and medical devices that emphasize
patient health and practice health. It is Zomedica’s mission 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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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. Forward-looking information is
frequently characterized by words such as "plan", "expect",
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similar words, or statements that certain events or conditions
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expectations reflected in the forward-looking information are
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performance or achievements. 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.
Forward-looking information is based on the
opinions and estimates of management at the date the statements are
made, including assumptions with respect to American economic
growth, demand for the Company’s products, the Company’s ability to
produce and sell its products, sufficiency of our budgeted capital
and operating expenditures, the satisfaction by our strategic
partners of their obligations under our commercial agreements, our
ability to realize upon our business plans and cost control efforts
and the impact of COVID-19 on our business, results and financial
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Our forward-looking information is subject to a
variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those
anticipated in the forward-looking information. Some of the risks
and other factors that could cause the results to differ materially
from those expressed in the forward-looking information include,
but are not limited to: uncertainty as to whether our strategies
and business plans will yield the expected benefits; uncertainty as
to the timing and results of development work and verification and
validation studies; uncertainty as to the timing and results of
commercialization efforts, as well as the cost of commercialization
efforts, including the cost to develop a distribution network and
manage our growth; uncertainty as to our ability to supply
equipment and assays in response to customer demand; uncertainty as
to the likelihood and timing of any required regulatory approvals,
and the availability and cost of capital; the ability to identify
and develop and achieve commercial success for new products and
technologies; veterinary acceptance of our products; competition
from related products; the level of expenditures necessary to
maintain and improve the quality of products and services; changes
in technology and changes in laws and regulations; our ability to
secure and maintain strategic relationships; performance by our
strategic partners of their obligations under our commercial
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and regulatory approvals, risks relating to the safety and efficacy
of our products, the use of our products, intellectual property
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develop and commercialize our products, and the other risk factors
disclosed in our filings with the SEC and under our profile on
SEDAR at www.sedar.com. Readers are cautioned that this list of
risk factors should not be construed as exhaustive.
The forward-looking information contained in
this news release is expressly qualified by this cautionary
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forward-looking information to conform such information to actual
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cautioned not to place undue reliance on forward-looking
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Investor Relations Contact: PCG Advisory Kirin
Smith, Presidentksmith@pcgadvisory.com+1 646.863.6519
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