Cormedix Inc (NAS:CRMD)

$ 5.18 -0.03 (-0.58%) Market Cap: 284.69 Mil Enterprise Value: 228.42 Mil PE Ratio: 0 PB Ratio: 4.89 GF Score: 54/100

CorMedix Inc at JMP Securities Life Sciences Conference Transcript

Jun 15, 2022 / 02:30PM GMT

Release Date Price: $2.88 (+4.35%)

Transcript

Joe Todisco

CorMedix Inc. - CEO

Good afternoon, everybody. I am Joe Todisco; I'm the newly appointed CEO of CorMedix. I'm excited to be wrapping up my first month in seat.

I do believe that CorMedix is an attractive investment opportunity and that DefenCath, our lead product, will address a critical unmet medical need.

DefenCath is a catheter lock solution comprising heparin and taurolidine that we are developing for the reduction of catheter-related bloodstream infections. Our initial indication will focus on catheterized hemodialysis patients. But we do believe there will be broad applications across multiple therapeutic areas where catheters are utilized in patients.

Catheter-related bloodstream infections are a substantial burden in the US healthcare system, particularly in catheterized hemodialysis patients where the annual cost to the system in additional medical expenses is over $2.3 billion per year.

Between a quarter and a third of hemodialysis patients will have a CRBSI within the first 12 months of receiving hemodialysis via a catheter. The cost to treat

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