Cormedix Inc. (CRMD): Antony Pfaffle , Interim Chief Medical Officer of Cormedix Inc. sold 29,657 shares on Jun 20, 2016. The Insider selling transaction was reported by the company on Jun 22, 2016 to the Securities and Exchange Commission. The shares were sold at $2.15 per share for a total value of $63,340.11 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 16, 2016, Antony Pfaffle (Interim Chief Medical Officer) sold 4,900 shares at $2.21 per share price.On Jun 6, 2016, Matthew Duffy (director) sold 46,106 shares at $2.73 per share price.Also, On Jun 1, 2016, Steven W Lefkowitz (director) sold 50,000 shares at $2.95 per share price.On May 26, 2016, Cora M Tellez (director) purchased 8,600 shares at $2.90 per share price.
CorMedix: On Monday, Jun 20, 2016 heightened volatility was witnessed in CorMedix which led to swings in the share price. The shares opened for trading at $2.21 and hit $2.27 on the upside , eventually ending the session at $2.25, with a gain of 4.65% or 0.1 points. The heightened volatility saw the trading volume jump to 1,84,281 shares. The 52-week high of the share price is $5.28 and the company has a market cap of $81 M . The 52-week low of the share price is at $1.15.
CorMedix Inc. (CorMedix) is a pharmaceutical company that in-licenses develops and commercializes prophylactic and therapeutic products for the treatment of infectious diseases in cardiac renal and oncology patients. The Company has in-licensed all of the products in its pipeline. The Company’s primary product is Neutrolin a catheter lock solution which is used the treatment of catheter-related infections and thrombosis in the central venous catheter markets such as dialysis critical care and oncology. It has the worldwide rights to develop and commercialize product candidates CRMD003 (Neutrolin) and CRMD004. The Company manufactures CRMD003 (Neutrolin) through Navinta LLC a United States-based active pharmaceutical ingredient (API) developer. The CRMD004 is the gel formulation of Neutrolin which is in the pre-clinical stage of development.