This thread is basically a treasure trove of information on Cormedix. Just by reading the post you can understand the business. But I do want to encourage everyone to do your own due diligence,positive and negative and share with us all. Because even though this looks like a home run, there are huge risk that we need to understand just as well as the potential.
Even though the data is astounding, there is a slight possibility that the FDA will ask for a second phase 3 before they approve it. If that does happen, the stock will no doubt crash and would take about a year to recover. Investors dont want any delays and will put their money elsewhere. I have a brokerage that has all trading hours and set stop losses accordingly. So if the worst does happen at least I won't get slaughtered.
I personally think the chance of them needing another phase is very slim because their phase 3 study was the largest of its kind with 795 patients, enough for two phase 3's with the data they have is truly amazing.
One thing I forget to mention for those who don't know is that Neutrolin isn't even really a drug, the FDA just identifies it as such. Its a catheter lock solution that coats the catheter walls and prevents biofilm and microbial colonization. Humans don't consume or even really come in contact with Neutrolin and if they did it's harmless.
I write these long post because im sharing everything I understand and know about this business and as the person who introduced Cormedix to the forum I feel it's my duty to inform those who invested their hard earned money in something I'm saying could be huge.
For those who haven't read this post from investor village about Cormedix yet this is a must read. It's from a large investor who attended one of the conferences and got actual 1 on 1 time with the company and posted his analysis, questions and answers in this post. He has been analyzing CRMD for some years now. Its an extremely long post but an absolute must read for anyone who is, or is thinking about investing in Cormedix.
Summary of the CRMD Roth presentation and discussions - with two NEW March 26 updates including m | CRMD Message Board Posts
