Record Financial Performance
CorMedix reported the most successful financial quarter in its history, with record revenue of $104.3 million, net income of $108.6 million, and adjusted EBITDA of $71.8 million.
Acquisition of Melinta Therapeutics
CorMedix completed the acquisition of Melinta Therapeutics, leading to a diversified specialty pharmaceutical company with a broad portfolio and expected synergies of $30 million by the end of 2025.
Increased Revenue Guidance
Based on recent momentum, CorMedix raised its full-year revenue guidance from a minimum of $375 million to a range of $390 million to $410 million.
Strategic Investment in Talphera Inc.
CorMedix made a strategic minority investment in Talphera Inc., gaining a right-of-first negotiation to acquire the company following Phase III results.
Strong DefenCath Performance
DefenCath sales reached $88.8 million, with faster-than-expected adoption and utilization growth.
Future Growth Catalysts
Upcoming catalysts include the ReSPECT study for Rezzayo and DefenCath expansion into the prevention of CLABSI, targeting markets exceeding $2 billion and $750 million, respectively.