Benzinga | Apr 27, 2021 07:03AM EDT

Rockwell Medical Announces Marketing Approval of Triferic AVNU in Canada

Rockwell Medical, Inc. (NASDAQ:RMTI), a biopharmaceutical company dedicated to transforming the treatment of iron deficiency and anemia management and improving outcomes for patients around the world, today announced that Triferic AVNU (ferric pyrophosphate citrate injection) received a Notice of Compliance (marketing approval) from Health Canada for the replacement of iron to maintain hemoglobin in adult patients with hemodialysis-dependent chronic kidney disease. Rockwell Medical expects Triferic AVNU to become commercially available in Canada during 2022.

"The approval of Triferic AVNU by Health Canada is the first international regulatory approval for our intravenous therapy and marks important progress for our strategy to bring Triferic to markets around the world," said Russell Ellison, M.D., M.Sc., President and Chief Executive Officer of Rockwell Medical. "There are more than 20,000 Canadians undergoing dialysis. We expect Triferic AVNU to be an important new treatment option for dialysis clinics and the patients they serve."

Rockwell Medical has a distribution agreement with RMC Health Care, Inc., through which Rockwell Medical will receive a transfer price based on Triferic AVNU sales in Canada.