Benzinga | Mar 1, 2021 08:55AM EST

FDA Strikes Out CorMedix's DefenCath Application

The FDA has issued a Complete Response Letter for CorMedix Inc's (NASDAQ: CRMD) marketing application seeking approval for DefenCath (taurolidine/heparin catheter lock solution) for catheter-related bloodstream infections.

* FDA noted concerns at the third-party manufacturing facility after reviewing records, though the agency did not specify the issues.

* CorMedix will request a meeting with the FDA, which is estimated to happen by mid-April.

* The company intends to obtain a plan to resolve the problems when the FDA informs the specific concerns.

* Additionally, FDA requires a manual extraction study to demonstrate that the labeled volume can be consistently withdrawn from the vials despite an existing in-process control to demonstrate fill volume within specifications.

* FDA did not request additional clinical data and did not identify any efficacy or safety data deficiencies.

* The draft labeling discussed with the FDA added that the initial approval would be for the limited population of patients with kidney failure receiving chronic hemodialysis through a central venous catheter.

* Price Action: CRMD shares trading is halted, to resume at 9 am ET.