Full Press Release Details
CorMedix Announces Changes in Executive
Bridgewater, New Jersey, December 24, 2012
(Business Wire) - CorMedix Inc. ("CorMedix") (NYSE MKT: CRMD), a pharmaceutical company focused on developing
and commercializing therapeutic products for the prevention and treatment of cardio renal disease, announced that it has made changes
to its executive team as follows:
Mr. Cohen, stated, "On behalf of
the Board and management of CorMedix, I would like to express our appreciation for Mark's dedication and contributions in
advancing the development of Neutrolin ".
Mr. Milby will continue to work with the
Board and build the management team to drive the CorMedix strategy forward with respect to the planned receipt of CE Mark approval
for Neutrolin and subsequent commercial launch of Neutrolin in Europe and the planned expansion
into countries beyond Europe. Dr. Pfaffle in this capacity will provide scientific support and will focus on the development of
key opinion leader relationships throughout Europe.
CorMedix Inc. is a pharmaceutical company
that seeks to in-license, develop and commercialize therapeutic products for the prevention and treatment of cardiac and renal
dysfunction, also known as cardio renal disease. CorMedix most advanced product candidate is CRMD003 (Neutrolin )
for the prevention of catheter related bloodstream infections and maintenance of catheter patency in tunneled, cuffed, central
venous catheters used for vascular access in hemodialysis patients. Please see www.cormedix.com for additional information.
This press release contains
forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to
risks and uncertainties. All statements, other than statements of historical facts, regarding management's expectations,
beliefs, goals, plans or CorMedix's prospects, future financial position, future revenues and projected costs should be
considered forward-looking. Readers are cautioned that actual results may differ materially from projections or estimates
due to a variety of important factors, including: obtaining regulatory approvals to conduct clinical trials and to
commercialize CorMedix's product candidates, including CE Marking for Neutrolin in Europe; the outcome of
clinical trials of CorMedix's product candidates and whether they demonstrate these candidates' safety and effectiveness; the
risks and uncertainties associated with CorMedix's ability to manage its limited cash resources, obtaining additional
financing to support CorMedix's research and development and clinical activities and operations; CorMedix's ability to enter
into and maintain collaborations with third parties for its development programs; CorMedix's dependence on its collaborations
and its license relationships; achieving milestones under CorMedix's collaborations; CorMedix's dependence on preclinical and
clinical investigators, preclinical and clinical research organizations, manufacturers and consultants; protecting the
intellectual property developed by or licensed to CorMedix; and CorMedix's ability to maintain its listing on the NYSE MKT.
These and other risks are described in greater detail in CorMedix's filings with the SEC, copies of which are available free
of charge at the SEC's website at www.sec.gov or upon request from CorMedix. CorMedix may not actually achieve the
goals or plans described in its forward-looking statements, and investors should not place undue reliance on these
statements. CorMedix assumes no obligation and does not intend to update these forward-looking statements, except as required
Randy Milby, 908-517-9489
Chief Operating Officer