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CorMedix Therapeutics Announces Positive Topline Results from Phase III ReSPECT Trial Assessing REZZAYO® for the Prophylaxis of Invasive Fungal Diseases in Allogeneic Hematopoietic Stem Cell Transplantation Patients

(Very High)
(Positive)

CorMedix (Nasdaq: CRMD) announced positive Phase III topline results from the global ReSPECT trial of REZZAYO (rezafungin) for prophylaxis of invasive fungal diseases in adult allogeneic HSCT patients. The study met its primary endpoint, showing non-inferiority for fungal‑free survival at Day 90: 60.7% for rezafungin vs 59.0% for standard antimicrobial regimen.

Results reported comparable efficacy for Candida, Aspergillus and Pneumocystis, comparable mortality, and a favorable safety profile with fewer toxicity‑related discontinuations and reduced drug‑drug interactions. Mundipharma sponsored the trial; a pre‑NDA meeting is planned with FDA, targeting an sNDA submission in 2H26.

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Positive

  • Primary endpoint met: non-inferiority for fungal‑free survival at Day 90 (60.7% vs 59.0%)
  • Comparable efficacy vs SAR for Candida, Aspergillus, Pneumocystis and comparable mortality
  • Favorable safety secondary endpoints: fewer toxicity‑related discontinuations and reduced drug‑drug interactions
  • Regulatory path: pre‑NDA meeting planned and target sNDA submission in 2H26

Negative

  • Absolute fungal‑free survival difference was 1.7 percentage points in favor of rezafungin
  • Topline release lacks detailed statistical measures and p‑values needed to assess robustness
  • Commercial rights split: Mundipharma outside the U.S. and Melinta for U.S. distribution could complicate rollout

News Market Reaction – CRMD

+5.39%
8 alerts
+5.39% Session close to close
+2.3% Peak in 6 hr 3 min
$624.10M Market Cap
1.3x Rel. Volume

In the Apr 27 session, CRMD gained 5.39%, reflecting a notable positive market reaction. Argus tracked a peak move of +2.3% during that session. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +5.4% in the session following this news. A strong positive reaction aligns with the...
Analysis

The stock moved +5.4% in the session following this news. A strong positive reaction aligns with the clearly positive Phase III outcome, where REZZAYO achieved non-inferior 60.7% fungal-free survival at Day 90 versus 59.0% for standard care and showed favorable safety-related secondary endpoints. Historically, a prior ReSPECT trial update also produced a positive move. Investors may weigh this against existing resale registration capacity for selling holders and typical volatility around key clinical and regulatory milestones.

Key Figures

Rezafungin fungal-free survival: 60.7% Standard regimen fungal-free survival: 59.0% Day 90 endpoint: 90 days +5 more
8 metrics
Rezafungin fungal-free survival 60.7% Fungal-free survival at Day 90 in Phase III ReSPECT trial
Standard regimen fungal-free survival 59.0% Fungal-free survival at Day 90 for standard antimicrobial regimen
Day 90 endpoint 90 days Primary endpoint timing for fungal-free survival
Pathogens covered 3 pathogens Candida, Aspergillus, and Pneumocystis infections assessed in trial
Dosing frequency Once weekly Rezafungin prophylaxis regimen in ReSPECT Phase III study
Target sNDA timing 2H26 Planned supplemental New Drug Application submission based on ReSPECT
Pre-NDA meeting Upcoming Pre-NDA submission meeting with FDA anticipated in coming months
Study phase Phase III ReSPECT trial development stage for REZZAYO prophylaxis

Previous Clinical trial Reports

1 past event · Latest: Sep 29 (Positive)
Same Type Pattern 1 events
Date Event Sentiment 24h Move Catalyst
Sep 29 Clinical trial update Positive +4.9% Completion of enrollment in Phase III ReSPECT trial for REZZAYO prophylaxis.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Prior clinical-trial news for REZZAYO was followed by a positive price reaction, indicating past market receptivity to this program’s milestones.

Recent Company History

This announcement reports positive Phase III topline data from the ReSPECT trial for REZZAYO in allogeneic transplant patients, meeting the primary non-inferiority endpoint and showing favorable safety-related secondary outcomes. It follows the Sep 29, 2025 news that enrollment in the same Phase III ReSPECT trial was completed, which focused on prophylaxis against Candida, Aspergillus, and Pneumocystis infections. That earlier milestone produced a positive share reaction, and today’s results represent the clinical readout that trial was designed to deliver.

Key Terms

non-inferiority, allogeneic hematopoietic stem cell transplantation, invasive fungal diseases, pharmacokinetics/pharmacodynamics (PK/PD), +4 more
8 terms
non-inferiority medical
"The study primary endpoint was met, showing non-inferiority vs. standard antimicrobial regimen"
A non-inferiority trial is a type of clinical test designed to show a new treatment is not meaningfully worse than an existing standard by more than a pre-set, acceptable amount. Think of it like proving a new smartphone model has battery life close enough to the leading model while offering other advantages; for investors, a successful non-inferiority result can clear the way to regulatory approval and market uptake even when the new option isn’t superior in headline effectiveness.
allogeneic hematopoietic stem cell transplantation medical
"for prophylaxis of invasive fungal diseases (IFDs) in adult patients undergoing allogeneic hematopoietic stem cell transplantation (HSCT)"
A procedure in which blood-forming stem cells are taken from a healthy donor and given to a patient to replace a diseased or damaged blood and immune system, similar to swapping out a failing factory’s machinery so it can produce healthy products again. Investors care because it underpins markets for related drugs, medical devices and hospital services, and outcomes — including success rates, complications and regulatory approvals — can materially affect company value and healthcare costs.
invasive fungal diseases medical
"for prophylaxis of invasive fungal diseases, including infections caused by Candida, Aspergillus, and Pneumocystis"
Invasive fungal diseases are serious infections in which fungi move beyond surface areas like skin or nails and enter deep tissues, organs or the bloodstream, similar to weeds moving from a garden into the house’s foundations. They matter to investors because they drive demand for hospital care, diagnostics and specialized antifungal drugs, can lead to costly long-term treatments and regulatory approvals, and therefore influence revenue prospects and risk for healthcare and biotech companies.
pharmacokinetics/pharmacodynamics (PK/PD) medical
"rezafungin’s differentiated pharmacokinetics/pharmacodynamics (PK/PD) profile was comparable to the standard antimicrobial regimen"
Pharmacokinetics/pharmacodynamics (PK/PD) describe how a drug moves through the body (how quickly it’s absorbed, distributed, and removed) and how the drug produces its effects (how strong and how long the effect lasts). Think of PK as how fast and how much coffee gets into your system and PD as how awake it makes you and for how long. For investors, PK/PD data signal whether a medicine can be dosed safely and effectively, shape regulatory and commercial prospects, and reduce the risk of late-stage failure.
treatment emergent adverse events medical
"most notably treatment emergent adverse events leading to dose reduction, interruption or withdrawal of study drug"
Treatment emergent adverse events are any new or worsened medical problems that appear after a patient starts a drug or medical intervention during a clinical trial. Investors care because the number, severity, and frequency of these events influence safety profiles, regulatory approval chances, and market acceptance; think of them like unexpected problems that crop up after installing a software update—minor ones may be manageable, but serious or common issues can stall or derail the product.
supplemental New Drug Application (sNDA) regulatory
"target submission of a supplemental New Drug Application (sNDA) to the FDA in 2H26"
A supplemental new drug application (snda) is a formal request made to regulatory authorities to make changes to an already approved medication, such as adding new uses, adjusting dosages, or improving manufacturing processes. It’s similar to updating a product’s packaging or instructions after it has been approved for sale. For investors, an snda signals ongoing development or improvements that could impact a company’s future sales or regulatory approval prospects.
pre-NDA submission meeting regulatory
"anticipate a pre-NDA submission meeting with FDA in the coming months"
A pre-NDA submission meeting is a formal discussion between a drug developer and the regulator to review plans for a forthcoming New Drug Application and to clarify what data and documents the agency expects. Think of it as a dress rehearsal with the referee to spot missing pieces, resolve questions, and align on the submission format and remaining studies. For investors, a constructive meeting can reduce regulatory surprises, shorten approval timelines, and lower the risk that the application will be delayed or rejected.
double-blind medical
"one of the largest anti-fungal multicenter, randomized, double-blind studies evaluated the efficacy and safety"
A double-blind process means that neither the people conducting an activity nor the people involved know certain key details, such as who is receiving a treatment or a placebo. This approach helps prevent bias from influencing the results, making the outcome more trustworthy. For investors, it ensures that decisions or judgments are based on unbiased information rather than preconceived opinions or expectations.

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– The study primary endpoint was met, showing non-inferiority vs. standard antimicrobial regimen in fungal free survival at Day 90 –

– Study showed favorable benefit for toxicity related discontinuations and drug-drug interactions –

– Rezafungin was well tolerated, with a safety profile comparable to standard antimicrobial regimens –

PARSIPPANY, N.J., April 27, 2026 (GLOBE NEWSWIRE) -- CorMedix Therapeutics (Nasdaq: CRMD) today announced positive Phase III topline results from the global ReSPECT clinical trial evaluating REZZAYO® (rezafungin for injection) for prophylaxis of invasive fungal diseases (IFDs) in adult patients undergoing allogeneic hematopoietic stem cell transplantation (HSCT).

The ReSPECT Phase III study, one of the largest anti-fungal multicenter, randomized, double-blind studies evaluated the efficacy and safety of once weekly rezafungin (rezafungin acetate) compared with a standard antimicrobial regimen (SAR) for the prophylaxis of invasive fungal diseases, including infections caused by Candida, Aspergillus, and Pneumocystis, in adults undergoing allogeneic HSCT. Patients undergoing allogeneic blood and marrow transplantation face prolonged periods of immunosuppression and routinely require extended antifungal prophylaxis, representing a setting where differentiated dosing, improved side effect profile, and reduced DDI is beneficial, and comparable efficacy is expected.

The ReSPECT study met its primary endpoint for FDA and EMA for fungal-free survival at Day 90 showing non-inferiority vs. SAR, with 60.7% fungal-free survival at Day 90 for rezafungin compared to 59.0% for standard antimicrobial regimen. This​ demonstrates that rezafungin’s differentiated pharmacokinetics/pharmacodynamics (PK/PD) profile was comparable to the standard antimicrobial regimen (SAR) in reducing the incidence of invasive fungal infections in a high-risk patient population. Rezafungin was well tolerated, with a safety profile showing a favorable benefit/risk profile for immunocompromised patients.

The Phase III study topline results demonstrated comparable efficacy against invasive infections from candida, aspergillus and pneumocystis in both therapeutic arms, as well as comparable mortality. In addition, results showed a favorable profile in multiple secondary endpoints, most notably treatment emergent adverse events leading to dose reduction, interruption or withdrawal of study drug, and treatment emergent adverse events leading to study discontinuation.

“We believe this positive outcome of the Phase III ReSPECT study meaningfully strengthens REZZAYO’s long-term potential value proposition to patients and clinicians,” said Joseph Todisco, Chairman & Chief Executive Officer of CorMedix Therapeutics. “Preliminary topline results for ReSPECT demonstrate clinical efficacy in prevention against all three measured pathogens, as well as positive differentiation in certain safety related secondary endpoints, specifically drug-drug interactions and toxicity related discontinuations, which positions REZZAYO well to become an attractive alternative to the standard anti-fungal regimen, if approved by FDA for an expanded indication of prophylaxis of IFD. Our deepest gratitude goes out to the patients, their caregivers, investigators and the study staff whose dedication and participation enabled this compelling clinical outcome.”

This clinical trial has been sponsored by Mundipharma. Mundipharma has commercial rights to rezafungin outside the U.S. Mundipharma has partnered with Melinta Therapeutics, LLC, a wholly owned subsidiary of CorMedix for US distribution of rezafungin.

The companies anticipate a pre-NDA submission meeting with FDA in the coming months, followed by a target submission of a supplemental New Drug Application (sNDA) to the FDA in 2H26 based on the ReSPECT results.

About rezafungin

Rezafungin is a next generation echinocandin approved for the treatment of candidemia and invasive candidiasis in adults.1,2 Invasive candidiasis continues to be an area of significant unmet need, especially for critically ill patients in hospitals and patients with compromised immune systems. Despite a number of available treatments, the mortality rate for patients with invasive candidiasis is as high as 40%.3,4

Rezafungin has been studied for the prophylaxis of invasive fungal diseases in adults undergoing allogeneic HSCT.

CorMedix estimates that the potential US market opportunity for REZZAYO in prophylaxis exceeds $2 billion, based on internal analyses and assumptions. These estimates are forward-looking statements and are subject to regulatory approvals, clinical practice considerations, and market adoption. Rezafungin has orphan drug exclusivity through 2035 and patent coverage through 2038 in the U.S.

REZZAYO® is a Registered Trademark of Mundipharma, used under license by Melinta Therapeutics LLC, a wholly owned subsidiary of CorMedix in the US.

About CorMedix

CorMedix Therapeutics is a biopharmaceutical company focused on developing and commercializing therapeutic products for the prevention and treatment of life-threatening conditions and diseases in the United States. CorMedix is focused on selling and marketing products in institutional settings of care in the US and has field based medical and commercial infrastructure deployed in hospitals, clinics and infusion centers. Rezafungin is currently approved for the treatment of candidemia and invasive candidiasis in adults. For more information visit: www.cormedix.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to risks and uncertainties. Forward-looking statements are often identified by the use of words such as, but not limited to, “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions or variations intended to identify forward-looking statements. All statements, other than statements of historical facts, regarding management’s expectations, beliefs, goals, plans or CorMedix’s prospects should be considered forward-looking statements including, but not limited to statements regarding the risk that topline data from CorMedix’s and its partners’ clinical trials, including the ReSPECT study, that CorMedix announces or publishes from time to time may change as more patient data become available or may be interpreted differently if additional data is disclosed; estimates of total addressable market size; expectations regarding product utilization and sales; failure to successfully conduct future clinical trials, including due to CorMedix’s or its partners’ potential inability to enroll or retain sufficient patients to conduct and complete the trials or generate data necessary for regulatory approval, among other things; development of unexpected safety or efficacy concerns related to CorMedix’s product candidates; expectations and timing regarding clinical trials and development and expectations of CorMedix’s product pipeline; expectations regarding implementation and perceived benefits of CorMedix’s products; continued pricing pressures and the impact of actions of governmental and private payers affecting pricing of, reimbursement for, and patient access to pharmaceuticals; and reporting obligations related thereto, the expiration of intellectual property protection for certain of the company's products and competition from generic and biosimilar products. Readers are cautioned that actual results may differ materially from projections or estimates due to a variety of important factors, and readers are directed to the Risk Factors identified in CorMedix’s filings with the SEC, including its most recent Annual Report on Form 10-K, 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 such forward-looking statements speak only as of the date of this press release. 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.

Investor Contact:
Dan Ferry
Managing Director
LifeSci Advisors
daniel@lifesciadvisors.com
(617) 430-7576

References:

  1. REZZAYO® United States Prescribing Information. Available at: https://www.accessdata.fda.gov/drugsatfda_docs/label/2025/217417s008lbl.pdf
  2. Bassetti M, et al. Crit Care 2019;23(1):219.
  3. Cortegiani A, et al. Cochrane Database Syst Rev 2016;2016:Cd004920.
  4. N. Zhang et al. Global burden of hematologic malignancies and evolution patterns over the past 30 years. Blood Cancer Journal 2023, available at: https://pmc.ncbi.nlm.nih.gov/articles/PMC10188596/pdf/41408_2023_Article_853.pdf

FAQ

What did CorMedix (CRMD) announce about REZZAYO on April 27, 2026?

CorMedix announced positive Phase III topline results showing non‑inferiority for Day 90 fungal‑free survival. According to the company, rezafungin achieved 60.7% fungal‑free survival versus 59.0% for the standard antimicrobial regimen.

How effective was rezafungin (REZZAYO) versus standard regimen in the ReSPECT trial (CRMD)?

Rezafungin met the primary non‑inferiority endpoint with 60.7% fungal‑free survival at Day 90. According to the company, efficacy was comparable across Candida, Aspergillus and Pneumocystis and mortality was similar between arms.

What safety benefits did the ReSPECT Phase III trial report for REZZAYO (CRMD)?

The trial reported a favorable safety profile with fewer toxicity‑related discontinuations and reduced drug‑drug interactions. According to the company, rezafungin was well tolerated and showed comparable overall safety to the standard regimen.

What are the next regulatory steps for CorMedix (CRMD) after ReSPECT topline results?

CorMedix expects a pre‑NDA meeting with FDA and plans a supplemental NDA submission in 2H26. According to the company, those steps are based on the ReSPECT topline data.

Who sponsored the ReSPECT trial and who will commercialize rezafungin (CRMD)?

Mundipharma sponsored the ReSPECT trial and holds rights outside the U.S., while Melinta (a CorMedix subsidiary) will handle U.S. distribution. According to the company, commercial rights are split by territory.