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CorMedix to acquire substantially all Heron Therapeutics assets, adding four FDA-approved brands including ZYNRELEF
CorMedix entered a definitive asset purchase agreement to buy substantially all of Heron Therapeutics' assets; deal announced November 9, 2026, with a Pharmakon term loan facility involved in funding.
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CorMedix to acquire Heron Therapeutics assets for $145M cash plus 14.58M shares
CorMedix and Heron signed an asset purchase agreement on Nov. 8, 2026; CorMedix will buy substantially all Heron assets and assume specified liabilities.
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CorMedix reaffirms 2026 revenue guidance of $325-345M; CMS sets Q1 2027 DefenCath Add-on at $8.32 per session
Unaudited cash and cash equivalents of approximately $355 million as of September 30, 2026; full Q3 results to be discussed on a November 12, 2026 call.
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CorMedix FDA accepts REZZAYO sNDA for fungal prophylaxis with Priority Review; PDUFA set for Q1 2027
FDA accepted for filing the sNDA, submitted by partner Mundipharma, for REZZAYO (rezafungin) prophylaxis of invasive fungal disease in adults undergoing allogeneic HSCT.
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CorMedix Q2 revenue $101.9M, net income $26.0M; raises FY26 adjusted EBITDA guidance
Q2 2026 consolidated revenue of $101.9M; net income of $26.0M; adjusted EBITDA of $58.7M; diluted EPS $0.29.
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Federal Circuit upholds CorMedix's MINOCIN patents; Nexus generic barred from market
Federal Circuit affirmed district court: Nexus generic minocycline infringes two CorMedix patents, invalidity rejected.
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CorMedix Q1 net revenue $127.4M, net income $38.6M; raises FY guidance
Q1 net revenue $127.4M, net income $38.6M, adjusted EBITDA $70.0M; EPS $0.48 basic/$0.43 diluted.
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CorMedix reports positive Phase III ReSPECT results for REZZAYO in fungal prophylaxis
Primary endpoint met: fungal-free survival at Day 90 was 60.7% for rezafungin vs 59.0% for standard regimen.
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CorMedix reaffirms FY2027 DefenCath guidance $100M-$140M; FY2026 revenue guidance $300M-$320M
Reaffirms FY2027 DefenCath sales $100M-$140M, correcting inadvertent $100M-$125M range from March 5 earnings call.
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CorMedix Q4 rev $128.6M; FY2025 net income $163M; reiterates 2026 guidance
Q4 net revenue $128.6M ($91.2M DefenCath, $37.4M Melinta); net income $14.0M vs $13.5M YoY.
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CorMedix preliminary Q4 revenue ~$127M, FY2025 pro forma ~$400M; CEO becomes Chairman, new CCO appointed
Q4 2025 unaudited net revenue ~$127M; FY2025 pro forma net rev. ~$400M (incl. Melinta).
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CorMedix reports Q3 net income of $108.6M, raises FY 2025 pro forma revenue guidance to $390-410M
Net revenue of $104.3M (pro forma $130.8M) driven by DefenCath sales of $88.8M; diluted EPS $1.26.
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CorMedix Q3 prelim rev >$100M, raises FY25 pro forma guidance to at least $375M
Q3 2025 preliminary net revenue >$100M; DefenCath revenue >$85M; pro forma net revenue >$125M.
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CorMedix files Melinta acquisition financials; Melinta 2024 revenue $120M, net loss $4.7M
Melinta 2024 total revenue $119.97M (product $106.3M) vs $105.6M in 2023; net loss narrowed to $4.7M from $36.0M.
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CorMedix completes $300M acquisition of Melinta; raises FY2025 revenue guidance
Acquisition closed Aug 29, 2025; $260M cash + $40M equity upfront, plus up to $25M in milestone payments.
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CorMedix closes $150M convertible note offering due 2030 at 4.00% interest
Issued $150M aggregate principal of 4.00% Convertible Senior Notes due 2030 in a private placement.
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CorMedix to acquire Melinta for $300M; Q2 revenue $39.7M, net income $19.8M
Enters agreement to acquire Melinta for $260M cash + $40M stock, plus contingent milestone payments up to $25M and tiered royalties on REZZAYO and MINOCIN.
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CorMedix closes $85M public offering of common stock, net proceeds $82.2M
Closed public offering of 6,604,507 shares at gross proceeds ~$85M.
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CorMedix raises Q2 net sales guidance to $35-40M; LDO customer implements DefenCath with 50%+ more patients
LDO customer commenced ordering DefenCath; implementation targets at least 50% more patients than previously communicated.
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CorMedix Q1 2025 net revenue $39.1M, net income $20.6M vs loss; raises H1 guidance to high-end
Q1 net revenue $39.1M; net income $20.6M ($0.32 EPS) vs net loss of $14.5M ($0.25 loss) in Q1 2024.
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CorMedix Q1 prelim revenue $39.0M, raises H1 2025 net sales guidance to $62-$70M
Preliminary unaudited Q1 2025 net revenue of $39.0M; expects adjusted EBITDA above $22.5M.
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CorMedix Q4 2024 net revenue $31.2M, first profitable quarter; H1 2025 guidance $50-60M
Q4 2024 net revenue $31.2M; net income $13.5M ($0.22/diluted share); adjusted EBITDA $15.3M.
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CorMedix reports preliminary Q4 2024 net revenue ~$31M, FY ~$43M; Q4 Adj EBITDA >$12M
Q4 2024 prelim unaudited net revenue ~$31M; FY 2024 ~$43M; Q4 Adj EBITDA >$12M.
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CorMedix Q3 net revenue $11.5M; net loss narrows to $2.8M; DefenCath access at 60% of US clinics
Q3 2024 net revenue of $11.5M from DefenCath first full quarter; net loss $2.8M ($0.05/sh) vs $9.7M loss ($0.17/sh) in Q3 2023.
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CorMedix Q2 net loss $14.2M; DefenCath sales $0.8M initial, outpatient QTD $5.2M
Q2 net loss $14.2M ($0.25/share) vs $11.3M loss ($0.25/share) a year ago, driven by higher operating expenses.
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CorMedix Q1 net loss $14.5M; launches DefenCath; CMS TDAPA effective July 2024
Net loss of $14.5M ($0.25/sh) vs $10.6M loss ($0.24/sh) in Q1 2023; operating expenses up 44% to $15.9M.
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CorMedix reports Q4 2023 net loss $14.8M; FDA approved DefenCath; launch April 2024
Net loss Q4 2023 $14.8M ($0.26/sh) vs $8.2M ($0.20/sh) Q4 2022; operating expenses $15.7M.
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CorMedix receives CMS reimbursement determination for DefenCath; sets WAC price at $249.99 per vial
CMS determined DefenCath eligible for ESRD PPS reimbursement; CorMedix submitted TDAPA application for 5-year add-on payment.
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CorMedix announces FDA approval of DefenCath to reduce catheter-related bloodstream infections in hemodialysis patients
DefenCath (taurolidine and heparin) is the first FDA-approved antimicrobial catheter lock solution for adult hemodialysis patients.
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CorMedix Q2 net loss widens to $11.3M; DefenCath NDA PDUFA date Nov 15, 2023
Net loss of $11.3M ($0.25 per share) vs $7.6M loss in Q2 2022, driven by increased R&D and SG&A.
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CorMedix prices $40M public offering of 7.5M shares at $4.00/sh and pre-funded warrants
Gross proceeds ~$40M from 7.5M shares at $4.00/sh and 2.5M pre-funded warrants at $3.999.
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CorMedix announces FDA acceptance of DefenCath NDA resubmission; PDUFA date Nov 15, 2023
FDA accepted DefenCath NDA resubmission as a complete Class 2 response with six-month review.
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CorMedix resubmits DefenCath NDA to FDA for hemodialysis catheter infection prevention
NDA for DefenCath resubmitted to FDA as of May 15, 2023; agency acknowledged receipt for processing.
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CorMedix Q1 net loss $10.6M; DefenCath NDA resubmitted to FDA for 6-month review
Q1 net loss $10.6M ($0.24/share) vs $7.0M loss in Q1 2022; operating expenses $11.0M, up 57% YoY due to pre-launch activities.
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CorMedix to resubmit DefenCath NDA by mid-May; CMS proposes NTAP up to $17,111
Company will resubmit NDA for DefenCath to FDA by mid-May 2023 following Type A meeting.
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CorMedix reports Q4 2022 net loss $8.2M; FDA grants Type A meeting for DefenCath resubmission
Q4 2022 net loss $8.2M ($0.20/shr) vs $7.8M loss in Q4 2021; full-year net loss $29.7M ($0.74/shr).
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CorMedix updates DefenCath NDA resubmission pathways; CMO 1 completes corrective actions
CMO 1 completed all corrective actions from FDA's June 2022 inspection; awaits FDA feedback on compliance status.
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CorMedix reports Q3 net loss of $6.9M; provides DefenCath regulatory and NTAP updates
Net loss of $6.9M ($0.17 per share) improved from $8.6M loss ($0.22) in Q3 2021.