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CORMEDIX INC. ANNOUNCES APPOINTMENT OF PHOEBE MOUNTS AS EXECUTIVE VICE PRESIDENT AND GENERAL COUNSEL Berkeley Heights, NJ &#x2013

Key Takeaway: CORMEDIX INC. ANNOUNCES APPOINTMENT OF PHOEBE MOUNTS AS EXECUTIVE VICE PRESIDENT AND GENERAL COUNSEL Berkeley Heights, NJ Mar. 21, 2019 CorMedix Inc. (NYSE American: CRMD), a biopharmaceutical company focused on developing and commercializing therapeutic products for the pre

Full Press Release Details

CORMEDIX INC. ANNOUNCES APPOINTMENT OF PHOEBE MOUNTS AS EXECUTIVE
VICE PRESIDENT AND GENERAL COUNSEL
Berkeley Heights, NJ
Mar. 21, 2019 CorMedix Inc. (NYSE American: CRMD), a
biopharmaceutical company focused on developing and commercializing
therapeutic products for the prevention and treatment of infectious
and inflammatory disease, today announced the appointment of Dr.
Phoebe Mounts, Esq. as Executive Vice
President and General Counsel, reporting to Khoso Baluch, CEO. Dr.
Mounts, currently a partner at the law firm Morgan Lewis, will head
up the Company's legal, compliance and regulatory affairs.
She will be joining CorMedix on May 1st..
I am delighted to have Phoebe as a member of the executive
team, said Mr. Baluch. She has been a trusted legal
advisor to the Company since 2013, and has been responsible for
developing the FDA regulatory strategies for Neutrolin .
Bringing her in-house will afford CorMedix full-time access to her
critical capabilities, which I believe will greatly benefit the
Company at this stage of its development.
Dr. Mounts has been providing legal counsel to life sciences
companies for over 20 years while at Morgan Lewis. In addition to
representing pharmaceutical companies, biotechnology companies and
medical device manufacturers on FDA regulatory issues, she has
provided strategic counsel on product development issues,
collaborations, and data integrity investigations.
Prior to graduating from Georgetown University Law Center, Dr.
Mounts was on the faculty of the Johns Hopkins University School of
Public Health for 16 years, specializing in molecular biology and
infectious disease. She received her Ph.D. in molecular biology
from the University of Edinburgh in Scotland.
CorMedix Inc. is a biopharmaceutical company focused on developing
and commercializing therapeutic products for the prevention and
treatment of infectious and inflammatory diseases. The Company is
focused on developing its lead product Neutrolin ,
a novel, non-antibiotic antimicrobial solution designed to prevent
costly and dangerous bloodstream infections associated with the use
of central venous catheters, currently in Phase 3 development for
patients undergoing chronic hemodialysis. Such infections have
significant treatment costs and lead to increased morbidity and
mortality. Neutrolin has FDA Fast Track status and is designated as
a Qualified Infectious Disease Product, which provide the potential
for priority review of a marketing application by FDA and
together with taurolodine's status as a new chemical entity
allow for a total of ten years of market exclusivity in the event
of U.S. approval. Neutrolin is already marketed as a CE Marked
product in Europe and other territories. In parallel, CorMedix is
leveraging its taurolidine technology to develop a pipeline of
antimicrobial medical devices, with active programs in surgical
sutures and meshes, and topical hydrogels. The company is
also working with top-tier researchers to develop taurolidine-based
therapies for rare pediatric cancers. For more information,
Forward-Looking Statements
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, financing plans, 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: the ability to retain and hire necessary personnel to
staff our operations appropriately; the results of our discussions
with the FDA regarding the Neutrolin development path; the
resources needed to complete the information required to submit a
new drug application for Neutrolin to the FDA; the risks and
uncertainties associated with CorMedix's ability to manage
its limited cash resources and the impact on current, planned or
future research, including the continued development of Neutrolin
and research for additional uses for taurolidine; obtaining
additional financing to support CorMedix's research and
development and clinical activities and operations; and preclinical
results are not indicative of success in clinical trials and might
not be replicated in any subsequent studies or trials. 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 by law.
Last updated: Mar 21, 2019