CorMedix Inc. is a biopharmaceutical company. The Company is focused on developing and commercializing therapeutic products for the prevention and treatment of life-threatening conditions and diseases. The Company is focused on commercializing its lead product DefenCath, which is an antimicrobial catheter lock solution approved to reduce the incidence of catheter-related bloodstream infections in adult patients with kidney failure receiving chronic hemodialysis through a central venous catheter. DefenCath is a formulation of taurolidine 13.5 mg/mL, and heparin 1000 USP Units/mL indicated to reduce the incidence of catheter-related bloodstream infections (CRBSI) in adult patients with kidney failure receiving chronic hemodialysis through a central venous catheter (CVC). In addition to DefenCath, the Company has sponsored a pre-clinical research collaboration for the use of taurolidine as a possible treatment for rare pediatric tumors.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 66363.08% year-on-year.
Growing
The company is in a growing phase, with the latest annual income totaling USD 43.47M.
Overvalued
The company’s latest PE is 17.67, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 26.40M shares, decreasing 22.55% quarter-over-quarter.
Held by The Vanguard
Star Investor The Vanguard holds 4.31M shares of this stock.
Higher Market Activity
The company has more investor interest, with a 20-day turnover ratio of 1.57.