RBC Capital analyst Gregory Renza raised the firm’s price target on CorMedix (CRMD) to $22 from $21 and keeps an Outperform rating on the shares. CorMedix raised their pro-forma 2025 revenue guidance to $375M+ and reported an $85M+ quarter for DefenCath, showing strong quarter over quarter growth for DefenCath, the analyst tells investors in a research note. DefenCath still has room to grow within existing dialysis organizations and the post-TDAPA cliff is manageable, the firm argues.
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