CorMedix's DefenCath receives Innovative Technology designation from Vizient for reducing catheter-related bloodstream infections in hemodialysis patients.
Quiver AI Summary
CorMedix Inc. announced that its antimicrobial catheter lock solution, DefenCath, has received an Innovative Technology designation from Vizient, a prominent healthcare performance improvement organization. This designation was awarded following a review by healthcare experts who evaluated DefenCath's potential to enhance patient safety and clinical care, particularly in reducing catheter-related bloodstream infections in adult hemodialysis patients. DefenCath, the first FDA-approved antimicrobial catheter lock solution in the U.S., demonstrated a 71% reduction in infection risk in a clinical study. CorMedix is also conducting a real-world evidence study and has plans to expand the use of DefenCath into other patient populations. CEO Joseph Todisco expressed pride in receiving the designation, emphasizing its significance for improving treatment for patients using central venous catheters.
Potential Positives
- DefenCath has received an Innovative Technology designation from Vizient, enhancing its credibility and visibility in the healthcare market.
- This designation signals to healthcare providers the significant impact that DefenCath can have on patient care and business operations, potentially leading to increased adoption and sales.
- DefenCath is the first and only FDA-approved antimicrobial catheter lock solution in the U.S., further establishing its position as a unique and essential product in preventing catheter-related bloodstream infections.
- The company has ongoing clinical studies and a real-world evidence study involving over 2,000 patients, indicating strong ongoing research and development efforts that may lead to further product validation and application.
Potential Negatives
- There is no financial information provided in the press release, leaving investors without clarity on the company's current financial health or revenue projections related to DefenCath.
- While CorMedix has received an Innovative Technology designation, the announcement lacks specific strategic plans or timelines for commercialization and market penetration of DefenCath, which may raise concerns about execution capability.
- The reliance on forward-looking statements coupled with risk factors mentioned could indicate potential volatility or uncertainty in achieving projected outcomes, creating apprehension among investors.
FAQ
What is the Innovative Technology designation awarded to DefenCath?
The Innovative Technology designation is recognition from Vizient for DefenCath's potential to improve patient care and healthcare operations.
How does DefenCath address catheter-related infections?
DefenCath is an antimicrobial catheter lock solution that reduces the incidence of catheter-related bloodstream infections in hemodialysis patients.
What are the clinical results of DefenCath?
In the Phase 3 LOCK IT-100 study, DefenCath demonstrated a 71% reduction in the risk of developing catheter-related bloodstream infections.
Who is CorMedix Inc.?
CorMedix Inc. is a biopharmaceutical company focused on developing therapeutic products for life-threatening conditions, including DefenCath for infection prevention.
What future studies is CorMedix planning for DefenCath?
CorMedix has ongoing studies for DefenCath in Total Parenteral Nutrition and intends to develop it for other patient populations.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CRMD Insider Trading Activity
$CRMD insiders have traded $CRMD stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $CRMD stock by insiders over the last 6 months:
- ELIZABETH HURLBURT (Chief Operating Officer) has made 0 purchases and 2 sales selling 53,997 shares for an estimated $711,817.
- KAUFMAN BETH ZELNICK (Chief Legal Officer) has made 0 purchases and 2 sales selling 50,000 shares for an estimated $670,264.
- JOSEPH TODISCO (Chief Executive Officer) sold 50,000 shares for an estimated $650,000
- ALAN W DUNTON sold 10,000 shares for an estimated $131,300
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CRMD Hedge Fund Activity
We have seen 117 institutional investors add shares of $CRMD stock to their portfolio, and 50 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ELLIOTT INVESTMENT MANAGEMENT L.P. removed 2,444,561 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $30,116,991
- MARSHALL WACE, LLP added 2,349,451 shares (+1019.2%) to their portfolio in Q2 2025, for an estimated $28,945,236
- CITADEL ADVISORS LLC added 1,608,245 shares (+1517.6%) to their portfolio in Q2 2025, for an estimated $19,813,578
- NUVEEN, LLC added 1,194,040 shares (+434.7%) to their portfolio in Q2 2025, for an estimated $14,710,572
- ALYESKA INVESTMENT GROUP, L.P. added 750,000 shares (+inf%) to their portfolio in Q2 2025, for an estimated $9,240,000
- GHISALLO CAPITAL MANAGEMENT LLC added 750,000 shares (+inf%) to their portfolio in Q2 2025, for an estimated $9,240,000
- ANSON FUNDS MANAGEMENT LP added 725,000 shares (+inf%) to their portfolio in Q2 2025, for an estimated $8,932,000
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$CRMD Analyst Ratings
Wall Street analysts have issued reports on $CRMD in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- RBC Capital issued a "Outperform" rating on 10/21/2025
- D. Boral Capital issued a "Buy" rating on 10/20/2025
- JMP Securities issued a "Market Outperform" rating on 09/09/2025
- HC Wainwright & Co. issued a "Buy" rating on 08/08/2025
- Needham issued a "Buy" rating on 06/24/2025
To track analyst ratings and price targets for $CRMD, check out Quiver Quantitative's $CRMD forecast page.
$CRMD Price Targets
Multiple analysts have issued price targets for $CRMD recently. We have seen 5 analysts offer price targets for $CRMD in the last 6 months, with a median target of $20.0.
Here are some recent targets:
- Leonid Timashev from RBC Capital set a target price of $22.0 on 10/21/2025
- Jason Kolbert from D. Boral Capital set a target price of $14.0 on 10/20/2025
- Jason N. Butler from JMP Securities set a target price of $22.0 on 09/09/2025
- Brandon Folkes from HC Wainwright & Co. set a target price of $17.0 on 08/08/2025
- Serge Belanger from Needham set a target price of $20.0 on 06/24/2025
Full Release
BERKELEY HEIGHTS, N.J., Oct. 23, 2025 (GLOBE NEWSWIRE) -- CorMedix Inc. (Nasdaq: CRMD), a biopharmaceutical company focused on developing and commercializing therapeutic products for life-threatening diseases and conditions, today announced that DefenCath has received an Innovative Technology designation from Vizient®, the largest healthcare performance improvement company in the country. CorMedix exhibited DefenCath at the Vizient Innovative Technology Exchange September 17 th in Las Vegas, Nevada.
Each year, healthcare experts serving on Vizient client-led councils review select products and technologies for their potential to enhance clinical care, patient safety, healthcare worker safety or to improve business operations of healthcare organizations. Innovative Technology designations are awarded to previously contracted products to signal healthcare providers the impact of these innovations on patient care and business models of healthcare organizations.
DefenCath is an antimicrobial catheter lock solution (CLS) approved by the FDA to reduce the incidence of catheter-related bloodstream infections (CRBSIs) for the limited population of adult patients with kidney failure receiving chronic hemodialysis through a central venous catheter (CVC). DefenCath is the first and only FDA approved antimicrobial CLS in the US and in the Company’s Phase 3 LOCK IT-100 clinical study, DefenCath demonstrated a 71% reduction in risk of developing a CRBSI and adverse events comparable to control. CorMedix has an ongoing real world evidence study in over 2,000 patients for which it expects to have interim data around year-end.
Joseph Todisco, CEO of CorMedix, commented, “We are proud to have received this important designation from Vizient. DefenCath represents an innovative infection prevention therapy for patients receiving chronic hemodialysis through a central venous catheter. We look forward to working with Vizient to maintain and expand patient access to our product.”
“Congratulations to CorMedix for achieving this peer-designated status,” said Kelly Flaharty, Senior Director Contract Services and Vizient Innovative Technology Program leader. “Our client council deemed DefenCath worthy of this designation for its potential to make a real difference in the healthcare industry.”
Vizient represents a diverse client base that includes academic medical centers, pediatric facilities, community hospitals, integrated health delivery networks and non-acute healthcare providers and represents approximately $156 billion in annual purchasing volume. Through its Innovative Technology Program, Vizient works with client-led councils and task forces to evaluate products for their potential to bring real innovation to healthcare.
About CorMedix
CorMedix Inc. is a biopharmaceutical company focused on developing and commercializing therapeutic products for the prevention and treatment of life-threatening conditions and diseases. CorMedix is commercializing DefenCath ® (taurolidine and heparin) for the prevention of catheter-related bloodstream infections in adult patients undergoing hemodialysis via a central venous catheter. Following its August 2025 acquisition of Melinta Therapeutics LLC, CorMedix is also commercializing a portfolio of anti-infective products, including MINOCIN ® (minocycline), REZZAYO ® (rezafungin), VABOMERE ® (meropenem and vaborbactam), ORBACTIV ™ (oritavancin), BAXDELA ® (delafloxacin), and KIMYRSA ® (oritavancin), as well as TOPROL-XL ® (metoprolol succinate).
CorMedix has ongoing clinical studies for DefenCath in Total Parenteral Nutrition and Pediatric patient populations and also intends to develop DefenCath as a catheter lock solution for use in other patient populations. REZZAYO is currently approved for the treatment of candidemia and invasive candidiasis in adults, with an ongoing Phase III study for the prophylaxis of IFD in adult patients undergoing allogeneic BMT. Topline results of the Phase III study for REZZAYO are expected in Q2 2026. For more information visit: www.cormedix.com or www.melinta.com .
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange, as amended (the “Exchange Act”), that are subject to risks and uncertainties. Forward-looking statements are often identified by the use of words such as, but not limited to, “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “will,” “plan,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions or variations intended to identify forward-looking statements. All statements, other than statements of historical facts, regarding management’s expectations, beliefs, goals, plans or CorMedix’s prospects should be considered forward-looking statements. Readers are cautioned that actual results may differ materially from projections or estimates due to a variety of important factors, and readers are directed to the Risk Factors identified in CorMedix’s filings with the SEC, including its most recent Annual Report on Form 10-K, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from CorMedix and in the Quarterly Report on Form 10-Q for the quarter ended, on June 30, 2025. CorMedix may not actually achieve the goals or plans described in its forward-looking statements, and such forward-looking statements speak only as of the date of this press release. Investors should not place undue reliance on these statements. CorMedix assumes no obligation and does not intend to update these forward-looking statements, except as required by law.
Investor Contact:
Dan Ferry
Managing Director
LifeSci Advisors
[email protected]
(617) 430-7576