Why CorMedix Stock Is Crashing Today

Why CorMedix Stock Is Crashing Today
Keith Speights, The Motley Fool
·1 min read

What happened Shares of CorMedix (NASDAQ: CRMD) were crashing 40.4% as of 12:23 p.m. EST on Monday. The steep decline came after the company announced that the Food and Drug Administration isn't approving CorMedix's Defencath, an antibacterial/antifungal catheter lock, for preventing blood infections associated with the use of catheters in hemodialysis.