Zomedica Initiates ZM-006 Pilot Efficacy Study and Provides Corporate Updates

ANN ARBOR, Mich., March 05, 2019 (GLOBE NEWSWIRE) -- Zomedica Pharmaceuticals Corp. (NYSE American: ZOM) (TSX-V: ZOM), a veterinary diagnostic and pharmaceutical company, initiated enrollment in its pilot efficacy study at the University of Georgia College of Veterinary Medicine to evaluate ZM-006, a transdermal methimazole formulation for the treatment of chronic hyperthyroidism in cats.

ZM-006 PILOT EFFICACY STUDY

The ZM-006 pilot efficacy study is being conducted to evaluate Zomedica’s transdermal methimazole formulation and, assuming positive study results, provide data for a future FDA Center for Veterinary Medicine (FDA-CVM) approved pivotal trial. Recognized as a center of excellence for endocrine diseases, the University of Georgia College of Veterinary Medicine is enrolling 12 newly diagnosed hyperthyroid cats and 12 hyperthyroid cats currently treated and controlled using oral methimazole. Enrolled patients will be treated with ZM-006 for three weeks with regular monitoring of clinical parameters including thyroid hormones.

“Our ZM-006 transdermal gel formulation is intended for application to the cat’s ear. Data obtained from this pilot efficacy study will help investigate an alternative treatment for hyperthyroid cats that may be less stressful for both owners and their feline companions,” stated Gerald Solensky Jr., Chairman and CEO at Zomedica.

Hyperthyroidism is one of the most commonly diagnosed endocrine disorders in middle-aged to older cats, occurring in about 10 percent of cats over 10 years of age, according to the American Association of Feline Practitioners. One method of treatment includes a FDA-CVM approved oral methimazole tablet. This can be problematic in that cats are notoriously difficult to pill. Although transdermal forms of methimazole are currently available from compounding pharmacies, they can have variable pharmaceutical efficacy and are not FDA-approved for use in veterinary medicine.

As previously disclosed, Zomedica expects to commence the pivotal safety study in the first half of 2019.

CORPORATE UPDATES

Zomedica also announced it will present at the H.C. Wainwright Global Life Sciences Conference April 7-9, 2019 in London, UK.

Investors and other interested parties will be able to access a live webcast of the presentation by visiting Zomedica’s website at http://investors.zomedica.com. A replay of the webcast will be accessible on the Zomedica website following the event.

As previously disclosed in its Annual Report on Form 10-K for the fiscal year ended December 31, 2018, which was filed with the Securities and Exchange Commission on February 26, 2019, Zomedica’s audited financial statements contained an unqualified audit opinion from its independent registered public accounting firm that included a going concern explanatory paragraph. This announcement does not represent any change or amendment to Zomedica’s financial statements or to its Annual Report on Form 10-K for the fiscal year ended December 31, 2018.

About Zomedica
Based in Ann Arbor, Michigan, Zomedica (NYSE American: ZOM) (TSX-V: ZOM) is a veterinary diagnostic and pharmaceutical company creating products for companion animals (canine, feline and equine) by focusing on the unmet needs of clinical veterinarians. Zomedica’s product portfolio will include novel diagnostics and innovative therapeutics that emphasize patient health and practice health. With a team that includes clinical veterinary professionals, it is Zomedica’s mission to give veterinarians the opportunity to lower costs, increase productivity, and grow revenue while better serving the animals in their care. For more information, visit www.ZOMEDICA.com.

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