Cormedix Inc. (CRMD) has disclosed a new risk, in the Demand category.
Cormedix Inc. faces a significant business risk as the expected outpatient demand for its product DefenCath is largely dependent on just two major dialysis providers. These providers dominate over 70% of the outpatient dialysis treatment market, and their adoption of DefenCath is crucial for its successful commercial launch. However, there’s no certainty that these entities will agree to use DefenCath, and any failure to secure or maintain agreements, or a decrease in their use of the product, could have a detrimental effect on Cormedix’s business prospects.
Overall, Wall Street has a Strong Buy consensus rating on CRMD stock based on 3 Buys.
To learn more about Cormedix Inc.’s risk factors, click here.
