RBC Capital lowered the firm’s price target on CorMedix to $9 from $10 but keeps an Outperform rating on the shares. The company’s Q4 results saw consistent messaging and incremental updates on launch and reimbursement strategy regarding the reaffirmed proposed April 15th in-patient launch and a potential July outpatient launch for DefenCath in catheter-related blood stream infections prevention in hemodialysis, the analyst tells investors in a research note. The firm is also updating its model with new quarterly numbers and uptake assumptions, RBC stated.
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