Welcome to our dedicated page for Rockwell Med news (Ticker: RMTI), a resource for investors and traders seeking the latest updates and insights on Rockwell Med stock.
Rockwell Medical develops, manufactures, commercializes, and distributes hemodialysis products for dialysis providers worldwide. Company news centers on financial and operational results, gross margin and cash flow trends, supply-chain and distribution initiatives, and customer activity tied to dialysis clinics and large dialysis-service providers.
Recurring updates also cover product purchase agreements, expanded delivery capabilities in U.S. regions, additions to the customer clinic footprint, operational changes aimed at improving gross profit, and corporate communications such as earnings release schedules and workplace-related announcements.
Rockwell Medical (RMTI) announced the appointment of Russell L. Skibsted as Executive Vice President, Chief Financial Officer, and Chief Business Officer effective September 15, 2020. Skibsted's extensive experience in the life sciences sector, including previous roles at AgeX and BioTime, aligns with the company's focus on enhancing its commercial strategy for Triferic and Triferic AVNU in kidney dialysis. He aims to drive business development and financial operations, ultimately increasing shareholder value.
Rockwell Medical (Nasdaq: RMTI) has announced an exclusive license agreement with Jeil Pharmaceutical Co., Ltd. for the commercialization of Triferic in South Korea. Under this agreement, Jeil will develop and market Triferic, with Rockwell supplying the product. The deal includes an upfront fee, milestone payments, and royalties on sales. Triferic aims to address iron deficiency in over 78,000 hemodialysis patients in South Korea. Sales are expected to commence in early 2022, pending regulatory approval.
Rockwell Medical (Nasdaq: RMTI) will host a conference call and webcast on September 24, 2020, at 4:30 p.m. ET, to discuss novel applications of ferric pyrophosphate citrate (FPC) for treating iron deficiency in home infusion therapy and acute heart failure patients. Key opinion leaders will join the call alongside company representatives. The goal is to explore new indications for FPC technology beyond hemodialysis. Access details are provided for interested stakeholders.
Rockwell Medical announced that its executive management team will present at two important investor conferences in September 2020. The first is the H.C. Wainwright 22nd Annual Global Investment Conference on September 14 at 4:00 PM EDT, followed by the Cantor Fitzgerald Virtual Global Healthcare Conference on September 15 at 10:40 AM EDT. Both presentations will be available via live webcast on the company's website for 30 days.
Rockwell Medical focuses on transforming anemia management, particularly for end-stage kidney disease patients, with FDA-approved therapies like Triferic Dialysate and Triferic AVNU.
Rockwell Medical has appointed Dr. Allen R. Nissenson to its Board of Directors effective June 11, 2020. An expert in kidney disease and former Chief Medical Officer of DaVita Kidney Care, Dr. Nissenson's extensive experience is expected to bolster the company's mission of enhancing anemia management in end-stage renal disease (ESRD) patients. This strategic move aims to strengthen Rockwell's leadership as it seeks to expand the reach of its FDA-approved products, Triferic Dialysate and Triferic AVNU, both crucial for iron replacement in hemodialysis patients.
Rockwell Medical (Nasdaq: RMTI) announced the submission of a New Drug Submission (NDS) to Health Canada for Triferic AVNU, an iron replacement therapy for adult hemodialysis patients with chronic kidney disease. This marks the Company's first international regulatory filing for this intravenous drug. If approved, Triferic AVNU is expected to become a vital treatment option in Canada, benefiting over 20,000 patients. Rockwell Medical has a distribution agreement with RMC Canada, contingent on regulatory approval.