Zomedica Hires Vice President Business Development to Lead Acquisition and Licensing Efforts
May 17 2021 - 6:10AM
Zomedica Corp. (NYSE American: ZOM) (“Zomedica” or the “Company”),
a veterinary health company creating point-of-care diagnostics
products for dogs and cats, announced that it has hired a Vice
President Business Development to lead its acquisition and
licensing efforts.
“As disclosed in our first quarter financials,
Zomedica had a cash and cash equivalents balance of approximately
$276.6 million as of March 31, 2021,” commented Robert Cohen, Chief
Executive Officer of Zomedica. “To complement our TRUFORMA® product
platform and to accelerate the growth of Zomedica overall, we
intend to opportunistically invest to expand our product offerings,
technologies, and product development efforts. This will be a
selective process, focused on expanding Zomedica’s capability to be
a valued partner to the veterinary clinic by bringing novel and
valuable offerings that enhance both animal and practice
health.”
To support Zomedica’s product and technology
expansion efforts, Greg Blair has joined the Company as Vice
President Business Development, becoming a member of the senior
executive team reporting to Mr. Cohen. Mr. Blair comes to Zomedica
after six successful years of increasing responsibility for
business development at Elanco Animal Health (formerly a division
of Eli Lilly), completing more than 40 transactions for that
organization. Prior to that time, he had a successful career in
business development, marketing and product development at a series
of human medical device companies including Johnson & Johnson,
Intuitive Surgical, and Enteromedics. Mr. Blair received a Bachelor
of Science and Bachelor of Arts from Indiana University, and an MBA
from Duke University’s Fuqua School of Business. “Greg has the
exact combination of industry knowledge, transactional experience,
unlimited energy, and commitment to excellence needed to help bring
Zomedica to the next level. I look forward to working with him on
the critical and exciting projects for which he will be
responsible,” commented Mr. Cohen.
Separately, the Company announced that Dr.
Stephanie Morley will be leaving Zomedica. “As part of the original
founding team who created the vision of Zomedica, Dr. Morley’s
accomplishments on behalf of the Company are numerous and
significant. All of us at Zomedica are appreciative of her efforts
and wish her the very best as she continues to expand her horizons.
I am pleased that Stephanie will continue to work with us as a
consultant to provide her valuable insights as we move forward,”
commented Mr. Cohen. “I had a vision of establishing a
veterinarian-focused company and bringing innovations to the pet
health industry in parallel to their entrance into the human
medical field,” said Dr. Morley. “I feel a great sense of
accomplishment now that TRUFORMA® is commercially available, and I
look forward to its continued growth and success.”
For additional information regarding TRUFORMA®,
please click on the TRUFORMA® tab at the top of the home page on
the Zomedica website (www.zomedica.com).
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
"may" or "will" occur and include statements relating to our
expectations regarding future results. Although we believe that the
expectations reflected in the forward-looking information are
reasonable, there can be no assurance that such expectations will
prove to be correct. We cannot guarantee future results,
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
condition.
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 an internal sales force 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
agreements, including product manufacturing obligations; risks
pertaining to permits and licensing, intellectual property
infringement risks, risks relating to any required clinical trials
and regulatory approvals, risks relating to the safety and efficacy
of our products, the use of our products, intellectual property
protection, risks related to the COVID-19 pandemic and its impact
upon our business operations generally, including our ability to
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
statement. We undertake no duty to update any of the
forward-looking information to conform such information to actual
results or to changes in our expectations except as otherwise
required by applicable securities legislation. Readers are
cautioned not to place undue reliance on forward-looking
information.
Investor Relations Contact: PCG Advisory Kirin
Smith, Presidentksmith@pcgadvisory.com +1 646.823.8656
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