CorMedix Inc. Announces CMS Grants Pass-Through Status to Defencath
CorMedix Inc. (CRMD)
NASDAQ:AMEX Investor Relations:
cormedix.com
Company Research
Source: GlobeNewswire
BERKELEY HEIGHTS, N.J., June 06, 2024 (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 the Center for Medicare & Medicaid Services (CMS) has determined that DefenCath® qualifies for pass-through status under the hospital Out-Patient Prospective Payment System (OPPS). Pass-through status provides for separate payment under Medicare Part B for the utilization of DefenCath in the out-patient ambulatory setting for a period of at least two years, and up to a maximum of three years. While vascular access for hemodialysis can be initiated in an inpatient setting, ambulatory surgical centers or vascular access centers offer a less-invasive, outpatient-based alternative for patients. The company estimates that up to 100,000 HD-CVC placements occur each year, and pass-through status ensures that providers are reimbursed separately for
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CRMD
News
- CorMedix Inc. (NASDAQ: CRMD) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $10.00 price target on the stock.MarketBeat
- CorMedix Inc. Receives FDA Feedback on Potential Label Expansion [Yahoo! Finance]Yahoo! Finance
- CorMedix Inc. Receives FDA Feedback on Potential Label ExpansionGlobeNewswire
- CorMedix announces commercial agreement with dialysis provider [Seeking Alpha]Seeking Alpha
- CorMedix Inc. Announces Commercial Agreement With Top Tier Dialysis Provider [Yahoo! Finance]Yahoo! Finance
CRMD
Earnings
- 5/9/24 - Beat
CRMD
Sec Filings
- 5/23/24 - Form EFFECT
- 5/13/24 - Form 4
- 5/9/24 - Form S-3
- CRMD's page on the SEC website