CorMedix's inclusion in the NBI is seen as a recognition of its potential in the biopharmaceutical industry and its commitment to addressing critical medical needs. The company also plans to expand the use of DefenCath to other patient populations. This move may increase the visibility of CorMedix among investors and could potentially lead to increased liquidity of its shares, building on its impressive 87.5% price return over the past six months. For deeper insights into CorMedix's financial health and growth prospects, investors can access comprehensive analysis and 11 additional ProTips through InvestingPro's detailed research reports.
CorMedix's inclusion in the NBI is seen as a recognition of its potential in the biopharmaceutical industry and its commitment to addressing critical medical needs. The company also plans to expand the use of DefenCath to other patient populations. This move may increase the visibility of CorMedix among investors and could potentially lead to increased liquidity of its shares, building on its impressive 87.5% price return over the past six months. For deeper insights into CorMedix's financial health and growth prospects, investors can access comprehensive analysis and 11 additional ProTips through InvestingPro's detailed research reports.
CorMedix's inclusion in the NBI is seen as a recognition of its potential in the biopharmaceutical industry and its commitment to addressing critical medical needs. The company also plans to expand the use of DefenCath to other patient populations. This move may increase the visibility of CorMedix among investors and could potentially lead to increased liquidity of its shares, building on its impressive 87.5% price return over the past six months. For deeper insights into CorMedix's financial health and growth prospects, investors can access comprehensive analysis and 11 additional ProTips through InvestingPro's detailed research reports.
The Nasdaq Biotechnology Index is reconstituted once a year and includes companies that meet certain financial criteria, providing a benchmark for investors interested in the biotech and pharmaceutical sectors. The information regarding CorMedix's addition to the NBI is based on a press release statement from the company.
In other recent news, CorMedix Inc (NASDAQ:CRMD). reported substantial progress in the third quarter of 2024, with net revenue reaching $11.5 million. This growth was primarily driven by the successful rollout of its flagship product, DefenCath. Despite a net loss of $2.8 million for the quarter, CorMedix anticipates a positive EBITDA in Q4. The company has also secured agreements with dialysis operators to provide access to approximately 60% of U.S. dialysis clinics, with purchases expected by the end of Q4. A refined clinical protocol for TPN is planned to be submitted to the FDA by mid-November, with approval expected by late 2027 to 2028. In addition, a real-world evidence study with U.S. Renal Care and a pediatric hemodialysis study are underway. These are among the recent developments in CorMedix's operations.
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