CorMedix Inc. Announces 5-Year Contract With Dialysis Provider, ARC Dialysis For The Supply Of DefenCath
Portfolio Pulse from Benzinga Newsdesk
CorMedix Inc. (NASDAQ:CRMD) has signed a 5-year supply contract with ARC Dialysis, LLC for DefenCath®, a product recently approved by the FDA for preventing infections in hemodialysis patients. This partnership aligns with CorMedix's strategy to establish long-term relationships with innovative dialysis providers. DefenCath®'s commercialization is set to begin on April 15th, following its approval under the LPAD on November 15, 2023. ARC Dialysis, known for its commitment to patient care and innovation, operates in approximately 100 inpatient and 18 outpatient facilities in Florida.
April 08, 2024 | 12:41 pm
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CorMedix Inc. has secured a 5-year contract with ARC Dialysis for the supply of DefenCath®, enhancing its market presence and revenue prospects.
The 5-year contract with ARC Dialysis for DefenCath® represents a significant commercial milestone for CorMedix, likely leading to increased revenue and market validation of its product. This partnership not only enhances CorMedix's financial outlook but also solidifies its position in the healthcare sector, particularly in the dialysis market. The recent FDA approval of DefenCath® underlines its potential and the contract's announcement could positively influence investor sentiment and stock price in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90