Cormedix Inc. (CRMD) Files Form 4 Insider Selling : Matthew Duffy Sells 46,106 Shares

Cormedix Inc. (CRMD): Matthew Duffy , director of Cormedix Inc. sold 46,106 shares on Jun 3, 2016. The Insider selling transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were sold at $2.73 per share for a total value of $126,007.70 , 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 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.Also, On May 25, 2016, Antony Pfaffle (Interim Chief Medical Officer) sold 12,700 shares at $2.74 per share price.On Jul 1, 2015, Randy Milby (CEO) purchased 1,610 shares at $3.88 per share price.

CorMedix: On Friday, Jun 3, 2016 heightened volatility was witnessed in CorMedix which led to swings in the share price. The shares opened for trading at $2.72 and hit $2.79 on the upside , eventually ending the session at $2.72, with a gain of 0.37% or 0.01 points. The heightened volatility saw the trading volume jump to 3,21,698 shares. The 52-week high of the share price is $7.01 and the company has a market cap of $99 M . The 52-week low of the share price is at $1.15.

CorMedix Money Flow Index Chart

Company has been under the radar of several Street Analysts.CorMedix is Reiterated by FBR Capital to Outperform while Lowering the Price Target of the company shares to $ 6 from a previous price target of $7 . The Rating was issued on Mar 17, 2016.

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.

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