CorMedix

CorMedix, Inc. operates as a pharmaceutical and medical device company. The firm seeks to license, develop and commercialize prophylactic and therapeutic products for the prevention and treatment of infectious and inflammatory diseases. It is developing its product Neutrolin, a novel, non-antibiotic antimicrobial solution designed to prevent costly and dangerous bloodstream infections associated with the use of central venous catheters. The company was founded by Antony E. Pfaffle in 2006 and is headquartered in Berkeley Heights, NJ.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

CorMedix progresses on DefenCath NDA resubmission amidst financial challenges

CorMedix is actively working towards resubmitting the DefenCath NDA and preparing for commercialization, despite facing challenges in FDA interactions and financial performance. The company's strong cash position provides operational flexibility and readiness for potential NDA approval, with opportunities for growth in addressing CRBSIs.

CorMedix plans DefenCath launch in 2024, strengthens IP protection

CorMedix is strategically positioning for the potential commercial launch of DefenCath in early 2024, pending FDA approvals.
Despite financial challenges in Q1 2023, the company's strong IP protection and engagement strategies offer growth opportunities.

CorMedix reports key milestones and strong financial position in Q2 2023

CorMedix's Q2 2023 Earnings Call highlighted key achievements, financial updates, and strategic initiatives, showcasing the company's progress and readiness for upcoming milestones.
Despite facing challenges such as a net loss increase and operational complexities, CorMedix's strong financial position, milestones achieved, and strategic focus position it well for future growth and success.
With opportunities to drive commercialization, expand market access, and establish partnerships, CorMedix is poised to capitalize on its strengths and navigate challenges effectively in the evolving healthcare landscape.

CorMedix prepares for DefenCath launch with strong cash position

CorMedix is strategically positioned for the commercial launch of DefenCath, with a strong cash position and ongoing discussions with regulatory bodies for reimbursement. Despite challenges in operating expenses and net loss in Q3 2023, the company's focus on key catalysts in 2024 presents significant growth opportunities.

CorMedix reports Q4 loss, eyes profitability in 2024 amid milestones

CorMedix faces challenges with rising operating expenses impacting profitability but has achieved key milestones and optimized field operations.
Opportunities lie in label expansions, reimbursement approvals, and gradual market penetration strategies.
Maintaining financial discipline while pursuing growth initiatives will be crucial for CorMedix's success.
Overall, CorMedix's strategic focus on commercial launch and potential expansions sets the stage for future growth.

CorMedix progresses with DefenCath launch, eyes profitability by 2024

CorMedix is making strides with DefenCath's commercial launch and engaging key dialysis providers for procurement contracts.
Financially, the company aims for breakeven by end of 2024, supported by a credit facility and ample cash reserves.
Challenges include managing operating expenses and evaluating potential M&A opportunities for strategic growth.
Opportunities lie in outpatient commercialization, label expansion, and demonstrating DefenCath's value through real-world evidence studies.

CorMedix sees strong sales growth with DefenCath launch success

CorMedix's successful DefenCath launch generated $5.2 million in sales, with inpatient sales expected to rise in Q4. The company is focused on securing reimbursement from Medicare Advantage plans and funding clinical initiatives without significant dilution.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

CorMedix, Inc. is a pharmaceutical and medical device company, which engages in the development and commercialization of therapeutic products for the prevention and treatment of diseases and conditions. The company was founded by Antony E. Pfaffle on July 28, 2006 and is headquartered in Berkeley Heights, NJ.

NEW YORK--(BUSINESS WIRE)-- #CRMD--Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against CorMedix Inc. (NASDAQ: CRMD) and September 20 Deadline

Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against CorMedix Inc. (NASDAQ: CRMD) and September 20 Deadline

BENSALEM, Pa.--(BUSINESS WIRE)---- $CRMD #CLASSACTION--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased CorMedix Inc. (“CorMedix” or the “Company”) (NASDAQ: CRMD) securities between July 8, 2020 and May 13, 2021, inclusive (the “Class Period”). CorMedix investors have until September 20, 2021 to file a lead plaintiff motion. Investors suffering losses on their CorMedix investments are encouraged to contact the Law Offices of Howard G. Smith to di

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of CorMedix Inc. (CRMD) Investors

Home Point Capital

Full Truck Alliance Co Ltd

NEW YORK, NY / ACCESSWIRE / July 29, 2021 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court.

Lawsuits Filed Against HMPT, YMM and CRMD - Jakubowitz Law Pursues Shareholders Claims

LOS ANGELES--(BUSINESS WIRE)---- $CRMD #investors--The Law Offices of Frank R. Cruz Announces Investigation of CorMedix Inc. (CRMD) on Behalf of Investors

The Law Offices of Frank R. Cruz Announces Investigation of CorMedix Inc. (CRMD) on Behalf of Investors

SAN DIEGO--(BUSINESS WIRE)---- $CRMD #CRMD--Shareholder rights law firm Robbins LLP announces that a class action has been filed on behalf of all purchasers of CorMedix Inc. (NASDAQ: CRMD) between July 8, 2020 and May 13, 2021, for violations of the Securities Exchange Act of 1934. CorMedix is a biopharmaceutical company that develops and commercializes therapeutic products for the prevention and treatment of infectious and inflammatory diseases in the U.S. and internationally. CorMedix's lead product candidat

SHAREHOLDER ALERT: Robbins LLP Announces that CorMedix Inc. (CRMD) is Being Sued for Misleading Shareholders

LOS ANGELES--(BUSINESS WIRE)---- $CRMD #CLASSACTION--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of CorMedix Inc. (“CorMedix” or the “Company”) (NASDAQ: CRMD) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your CorMedix investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws,

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of CorMedix Inc. (CRMD) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)---- $CRMD #CLASSACTION--Law Offices of Howard G. Smith announces an investigation on behalf of CorMedix Inc. (“CorMedix” or the “Company”) (NASDAQ: CRMD) investors concerning the Company's possible violations of federal securities laws. In July 2020, CorMedix filed its New Drug Application (“NDA”) with the U.S. Food and Drug Administration (“FDA”) for DefenCath, an antibacterial and antifungal solution, as a catheter lock solution with an initial indication for use of preventing certain

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of CorMedix Inc. (CRMD) on Behalf of Investors

BERKELEY HEIGHTS, N.J., July 28, 2021 (GLOBE NEWSWIRE) -- CorMedix Inc. (Nasdaq: CRMD), a biopharmaceutical company focused on developing and commercializing therapeutic products for the prevention and treatment of infectious and inflammatory disease, today announced that it will report its financial results for the second quarter ended June 30, 2021, after the market close on Thursday, August 12, 2021, and will host a corporate update conference call at 4:30pm Eastern Time.

CorMedix Inc. to Report Second Quarter 2021 Financial Results and Provide a Corporate Update on August 12

San Diego, California--(Newsfile Corp. - July 27, 2021) - The CorMedix class action lawsuit charges CorMedix Inc. (NASDAQ: CRMD) and certain of its top executives with violations of the Securities Exchange Act of 1934 and seeks to represent purchasers of CorMedix securities between July 8, 2020 and May 13, 2021, inclusive ("Class Period"). The CorMedix class action lawsuit (Patrick v. CorMedix Inc., No. 21-cv-14020) was commenced on July 22, 2021 in the District...

CRMD NOTICE: Investors With Substantial Losses Have Opportunity to Lead the CorMedix Inc. Class Action Lawsuit

NEW YORK, July 26, 2021 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of CorMedix Inc. (NASDAQ: CRMD) between July 8, 2020 and May 13, 2021, inclusive (the "Class Period"). A class action lawsuit has already been filed.

CRMD INVESTOR ALERT: ROSEN, A TOP RANKED LAW FIRM Encourages CorMedix Inc. Investors with Losses Exceeding $100K to Secure Counsel Before Important Deadline - CRMD

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of CorMedix Inc. (NASDAQ: CRMD) between July 8, 2020 and May 13, 2021, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 20, 2021. SO WHAT: If you purchased CorMedix securities during the Class Period you may b

CRMD INVESTOR NOTICE: Rosen Law Firm Encourages CorMedix Inc. Investors with Losses to Secure Counsel Before Important Deadline – CRMD

NEW YORK, July 26, 2021 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against CorMedix Inc. ("CorMedix" or "the Company") (NASDAQ: CRMD) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired CorMedix securities between July 8, 2020 and May 13, 2021, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/crmd.

CRMD Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Announces CorMedix Inc. Class Action and Encourages Shareholders to Contact the Firm

SAN DIEGO, July 26, 2021 /PRNewswire/ -- The CorMedix class action lawsuit charges CorMedix Inc. (NASDAQ: CRMD) and certain of its top executives with violations of the Securities Exchange Act of 1934 and seeks to represent purchasers of CorMedix securities between July 8, 2020 and May 13, 2021, inclusive ("Class Period").  The CorMedix class action lawsuit was commenced on July 22, 2021 in the District of New Jersey and is captioned Patrick v.

CORMEDIX ALERT: Investors With Substantial Losses Have Opportunity to Lead the CorMedix Inc. Class Action Lawsuit - CRMD

NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against CorMedix Inc. (“CorMedix” or the “Company”) (NASDAQ: CRMD) in the United States District Court for the District of New Jersey on behalf of all persons and entities who purchased or otherwise acquired CorMedix securities between July 8, 2020 and May 13, 2021, both dates inclusive (the “Class Period”). Investors have until Se

CORMEDIX ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against CorMedix Inc. and Encourages Investors to Contact the Firm

SAN DIEGO--(BUSINESS WIRE)--Robbins Geller Rudman & Dowd LLP announces that purchasers of CorMedix Inc. (NASDAQ: CRMD) securities between July 8, 2020 and May 13, 2021, inclusive (“Class Period”) have until September 20, 2021 to seek appointment as lead plaintiff in the CorMedix class action lawsuit. The CorMedix class action lawsuit charges CorMedix and certain of its top executives with violations of the Securities Exchange Act of 1934. The CorMedix class action lawsuit was commenced on J

CRMD ALERT: Investors With Substantial Losses Have Opportunity to Lead the CorMedix Inc. Class Action Lawsuit

New York, New York--(Newsfile Corp. - July 23, 2021) - Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of CorMedix Inc. ("CorMedix" or the "Company") (NASDAQ: CRMD) from July 8, 2020 through May 13, 2021 (the "Class Period"). The lawsuit filed in the United States District Court for the District of New Jersey alleges...

CRMD INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against CorMedix Inc.

NEW YORK, July 22, 2021 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against CorMedix Inc. ("CorMedix" or the "Company") (NASDAQ: CRMD) and certain of its officers. The class action, filed in the United States District Court for the District of New Jersey, and docketed under 21-cv-14020, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired CorMedix securities between July 8, 2020 and May 13, 2021, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

Pomerantz Law Firm Announces the Filing of a Class Action Against CorMedix Inc. and Certain Officers - CRMD

BERKELEY HEIGHTS, N.J., June 10, 2021 (GLOBE NEWSWIRE) -- CorMedix Inc. (Nasdaq: CRMD), a biopharmaceutical company focused on developing and commercializing therapeutic products for the prevention and treatment of infectious and inflammatory disease, today announced that it has completed the sale of $1.3 million of its available tax benefits to an unrelated, profitable New Jersey corporation through the New Jersey Economic Development Authority's New Jersey Technology Business Tax Certificate Transfer program for the State Fiscal Year 2020. As a result, the Company has received approximately $1.3 million in cash proceeds from the sale of these NOL tax benefits.

CorMedix Inc. Completes Sale of $1.3 Million of NOL Tax Benefits Through The New Jersey Economic Development Authority Program

BERKELEY HEIGHTS, N.J., June 09, 2021 (GLOBE NEWSWIRE) -- CorMedix Inc. (Nasdaq: CRMD), a biopharmaceutical company focused on developing and commercializing therapeutic products for the prevention and treatment of infectious and inflammatory disease, today announced that CorMedix management will participate in a fireside chat at the JMP Securities Life Sciences Conference taking place on June 16 – 17, 2021.

CorMedix Inc. to Participate in Fireside Chat at the JMP Securities Life Sciences Conference

BERKELEY HEIGHTS, N.J., May 27, 2021 (GLOBE NEWSWIRE) -- CorMedix Inc. (Nasdaq: CRMD), a biopharmaceutical company focused on developing and commercializing therapeutic products for the prevention and treatment of infectious and inflammatory disease, today announced that CorMedix management will present a corporate overview at the Jefferies Virtual Healthcare Conference taking place on June 1 – 4, 2021.

CorMedix Inc. to Present at the Jefferies Virtual Healthcare Conference

Bionano Genomics

Eloxx Pharmaceuticals Inc

Bionano Genomics, Inc. (NASDAQ: BNGO), CorMedix Inc. (NASDAQ: CRMD) and Eloxx Pharmaceuticals, Inc. (NASDAQ: ELOX) are among the health care movers Friday. Bionano Moves On Q1 Results: Bionano reported first-quarter revenues of $3.2 million, up 179% year-over-year.

Why Bionano Genomics, CorMedix and Eloxx Are Moving Friday

The stock price of CorMedix Inc. (NASDAQ: CRMD) decreased by over 24% pre-market. This is why it happened.

CorMedix (CRMD) Stock: Over 24% Decrease Pre-Market Explanation

CorMedix Inc. (CRMD) CEO Khoso Baluch on Q1 2021 Results - Earnings Call Transcript

CorMedix (CRMD) delivered earnings and revenue surprises of -11.11% and 46.67%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

CorMedix (CRMD) Reports Q1 Loss, Tops Revenue Estimates

Conference Call Scheduled for Today at 4:30 p.m. Eastern Time Conference Call Scheduled for Today at 4:30 p.m. Eastern Time

News for CorMedix Stock (CRMD)