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[ACCESSWIRE]

BERKELEY HEIGHTS, NJ / ACCESSWIRE / October 18, 2018 / CorMedix Inc. (NYSE American: CRMD), a biopharmaceutical aggregation focused on developing and commercializing ameliorative articles for the blockage and analysis of communicable and anarchic disease, today antiseptic that adverse to assertive erroneous account letters it is not arising any new shares in affiliation with the S-3 filing filed on October 15, 2018.

On October 15, 2018, the Aggregation filed a Form S-3 allotment account to annals an accumulated of 15,081,634 shares of its accepted banal issuable aloft the exercise of Series B warrants with an exercise amount of $1.05 and associated Underwriter warrants with an exercise amount of $0.9375, both expiring on August 10, 2022, which were issued in affiliation with the Company’s May 2017 underwritten accessible offering. The S-3 allotment account replaces a ahead able allotment account that asleep beforehand this year beneath which the accreditation shares were registered. No added shares are actuality registered and no gain will be accustomed by the Aggregation except to the admeasurement that accreditation holders pay the exercise amount to acquirement the accepted shares basal the warrants.

About CorMedix

CorMedix Inc. is a biopharmaceutical aggregation focused on developing and commercializing ameliorative articles for the blockage and analysis of communicable and anarchic diseases. The Aggregation is focused on developing its advance artefact Neutrolin®, a novel, non-antibiotic antimicrobial band-aid advised to anticipate cher and alarming bloodstream infections associated with the use of axial venous catheters, currently in Phase 3 development for patients adeptness abiding hemodialysis. Such infections amount the U.S. healthcare arrangement about $6 billion annually and accord decidedly to added anguish and mortality. Neutrolin has FDA Fast Track cachet and is appointed as a Qualified Communicable Ache Product, which provides the abeyant for antecedence analysis of a business appliance by FDA and allows for 5 added years of QIDP bazaar exclusivity in the accident of U.S. approval. Neutrolin is already marketed as a CE Marked artefact in Europe and added territories. In parallel, CorMedix is leveraging its taurolidine technology to advance a activity of antimicrobial medical devices, with alive programs in surgical sutures and meshes, and contemporary hydrogels. The aggregation is additionally alive with top-tier advisers to advance taurolidine-based therapies for attenuate pediatric cancers. For added information, visit: www.cormedix.com.

Forward-Looking Statements

This columnist absolution contains advanced statements aural the acceptation of the Private Securities Litigation Reform Act of 1995 that are accountable to risks and uncertainties. All statements, added than statements of absolute facts, apropos management’s expectations, beliefs, goals, affairs or CorMedix’s prospects, approaching banking position, costs plans, approaching revenues and projected costs should be advised forward-looking. Readers are cautioned that absolute after-effects may alter materially from projections or estimates due to a array of important factors, including: the assets bare to aish the Phase 3 balloon and the costs and time bare to abide a new biologic appliance to the FDA; risks accompanying to accepting FDA approval of the new biologic appliance for Neutrolin; the risks and uncertainties associated with CorMedix’s adeptness to administer its bound banknote assets and the appulse on current, planned or approaching research, including the connected development of Neutrolin and analysis for added uses for taurolidine; accepting added costs to abutment CorMedix’s analysis and development and analytic activities and operations; relying on preclinical after-effects that may not be apocalyptic of success in analytic trials and adeptness not be replicated in any consecutive studies or trials; and the adeptness to absorb and appoint all-important cadre to agents our operations appropriately. These and added risks are declared in greater detail in CorMedix’s filings with the SEC, copies of which are accessible chargeless of allegation at the SEC’s website at www.sec.gov or aloft appeal from CorMedix. CorMedix may not absolutely accomplish the goals or affairs declared in its advanced statements, and investors should not abode disproportionate assurance on these statements. CorMedix assumes no obligation and does not intend to amend these advanced statements, except as appropriate by law.

Investor Contact:

Dan FerryManaging DirectorLifeSci Advisors617-535-7746

SOURCE: CorMedix Inc.

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