CorMedix, Inc. (CRMD)
NGM · Common · CUSIP 21900C308
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Security Profile

Security Type
Common Stock
CUSIP
21900C308 (prev. 21900C118 )
Market Cap
Small Cap
IPO
3/25/2010 · $6.5/share
Business: CorMedix Inc. is a biopharmaceutical company focused on developing and commercializing therapeutic products for the prevention and treatment of infectious and inflammatory diseases. The Company is focused on developing its lead product Neutrolin®, a novel, non-antibiotic antimicrobial solution designed to prevent costly and dangerous bloodstream infections associated with the use of central venous catheters, currently in Phase 3 development for patients undergoing chronic hemodialysis. Such infections cost the U.S. healthcare system approximately $6 billion annually and contribute significantly to increased morbidity and mortality. Neutrolin has FDA Fast Track status and is designated as a Qualified Infectious Disease Product, which provides the potential for priority review of a marketing application by FDA and allows for 5 additional years of QIDP market exclusivity in the event of U.S. approval. Neutrolin is already marketed as a CE Marked product in Europe and other territories. In parallel, CorMedix is leveraging its taurolidine technology to develop a pipeline of antimicrobial medical devices, with active programs in surgical sutures and meshes, and topical hydrogels. The company is also working with top-tier researchers to develop taurolidine-based therapies for rare pediatric cancers.
Notes: March 25, 2019 – CorMedix Inc. (NYSE American: CRMD) today confirmed that the previously announced one-for-five reverse stock split of the Company’s common stock will be effective at 9:00 am Eastern Time tomorrow, March 26. The Company’s common stock will trade on the NYSE American on a split-adjusted basis under a new CUSIP number, 21900C308, beginning on March 26, 2019. The reverse stock split will reduce the number of shares of common stock issued and outstanding from approximately 119.0 million to approximately 23.8 million. No fractional shares will be issued in connection with the reverse stock split. Each stockholder who would otherwise be entitled to receive a fraction of a share of the Company’s common stock will instead receive one whole share of common stock.

Company Contact

CEO
Joe Todisco
CFO
Matt David
Headquarters
300 Connell Drive, Suite 4200, Berkeley Heights, NJ 07922
Phone
908-517-9500
Fax
908-375-8272
Investor Relations
Dan Ferry, LifeSci Advisors · 617-430-7576 · daniel@lifesciadvisors.com
SEC EDGAR Filings
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