Zomedica Stock Soars After $71M Pulse Veterinary Acquisition

  • Zomedica Corp ZOM has acquired the Pulse Veterinary Technologies businesses for $70.9 million in a cash and stock transaction.
  • Pulse Veterinary Technologies (PulseVet) provides electro-hydraulic shock wave technology to treat a wide variety of conditions in veterinary patients. 
  • The high-energy sound waves stimulate cells and release healing growth factors in the body that reduce inflammation, increase blood flow, and accelerate bone and soft tissue development. 
  • PulseVet's technology is used in tendon and ligament healing, bone healing, osteoarthritis, chronic pain, and wound healing.
  • Approximately 1,500 PulseVet systems are in use globally. It recently launched a new handpiece, the X-Trode, which has an energy output intended for maximum efficacy while no longer requiring patient sedation.
  • Zomedica held cash and equivalents of approximately $276.2 million as of June 30, 2021.
  • Price Action: ZOM stock is up 24.20% at $0.65 during the premarket session on the last check Friday.
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