CorMedix Inc. Announces Issuance Of U.S. Patent Covering Lead Product Defencath
Portfolio Pulse from Happy Mohamed
CorMedix Inc. (NASDAQ:CRMD) has been granted a new U.S. patent for the composition of a catheter lock solution, DefenCath, aimed at preventing infection and reduced blood flow in central venous catheters. The patent extends the company's intellectual property protection until April 15, 2042. The company also expects DefenCath to be eligible for 10.5 years of statutory marketing exclusivity in the U.S. upon potential FDA approval.
August 30, 2023 | 12:04 pm
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The issuance of a new patent for CorMedix's DefenCath extends the company's intellectual property protection and could potentially lead to 10.5 years of marketing exclusivity upon FDA approval. This could strengthen the company's market position and potentially boost its revenues.
The new patent not only extends CorMedix's intellectual property protection but also potentially grants the company 10.5 years of marketing exclusivity upon FDA approval. This could limit competition and potentially increase the company's revenues, which could positively impact the stock price.
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