Welcome to our dedicated page for Rockwell Medical (DE) news (Ticker: RMTI), a resource for investors and traders seeking the latest updates and insights on Rockwell Medical (DE) stock.
Rockwell Medical, Inc. (DE), trading under the symbol RMTI, is a leading biopharmaceutical company dedicated to addressing the needs of patients with end-stage renal disease (ESRD) and chronic kidney disease (CKD). The company has positioned itself at the forefront of renal care through its innovative products and services focusing on iron replacement, secondary hyperparathyroidism, and hemodialysis.
One of Rockwell Medical's groundbreaking therapies is Triferic, the first and only FDA-approved drug designed to replace iron and maintain hemoglobin levels in hemodialysis patients with anemia. Triferic works during each dialysis session by replacing the 5-7 mg iron loss that is typical in all patients, thereby maintaining their iron balance. Differing from traditional intravenous (IV) iron products, Triferic binds immediately to transferrin (the body's iron carrier) and is swiftly transported to the bone marrow for incorporation into hemoglobin. This unique mechanism ensures no increase in ferritin (stored iron and inflammation) and eliminates the risks of anaphylaxis, addressing a critical unmet need for functional iron deficiency (FID) in ESRD patients.
Rockwell Medical is also a prominent supplier of dialysis concentrates in the United States. Their diverse product portfolio includes notable brands such as CitraPure citric acid concentrate, RenalPure liquid acid concentrate, and SteriLyte bicarbonate concentrate. These products are essential for dialysis providers, helping to ensure that patients receive the necessary treatments for effective dialysis.
The company's commitment to innovation and quality is reflected in its ongoing projects and recent achievements. Rockwell Medical continues to focus on expanding its product line and enhancing its manufacturing processes to meet the evolving needs of the renal care market. Financially, the company maintains a robust position with strategic partnerships and collaborations that further bolster its market presence and capabilities.
For those interested in the latest updates and developments regarding Rockwell Medical, Inc., the company's news section provides current information on performance, events, and significant milestones.
Rockwell Medical (Nasdaq: RMTI) will showcase its hemodialysis concentrates portfolio at DialysisTechConneXion40 (DTX40) from March 28-31, 2023, in Las Vegas, Nevada. The Company is exhibiting at Booth #502, featuring products like CitraPure® Citric Acid Concentrate and Dri-Sate® Dry Acid Concentrate. Rockwell Medical is recognized as the second-largest supplier of acid and bicarbonate concentrates for dialysis in the U.S. The Company aims to enhance its offerings and provide quality service to dialysis providers while striving to become the leading global supplier of hemodialysis concentrates.
Rockwell Medical (Nasdaq: RMTI) has achieved Great Place to Work Certification™ in 2023 during its first year of participation. This recognition is based solely on employee feedback regarding workplace experiences, emphasizing high-trust environments. The certification reflects Rockwell’s commitment to providing quality products and exceptional customer service for dialysis clinics and patients. With a mission to enhance hemodialysis care, Rockwell is the second-largest supplier of dialysis concentrates in the U.S. and aims to become a global leader in this sector.
Rockwell Medical, Inc. (Nasdaq: RMTI) announced it will release its financial and operational results for Q4 and the full year ending December 31, 2022, on March 30, 2023, at 6:00 AM ET. A live conference call will follow at 8:00 AM ET, where management will discuss the results, including operational performance and future outlook. Rockwell Medical is recognized as the second largest supplier of hemodialysis products in the U.S., focusing on improving patient care through innovative healthcare solutions.
Rockwell Medical, Inc. (Nasdaq: RMTI) has signed a three-year product purchase agreement with Concerto Renal Services, the largest provider of dialysis in skilled nursing facilities in the U.S. The agreement positions Rockwell as the primary supplier of hemodialysis concentrates, contributing millions in annual revenue. The U.S. hemodialysis concentrates market is valued at $380 million, projected to grow to $500 million by 2026, driven by an increase in end-stage kidney disease patients. Rockwell aims for profitability in 2024, emphasizing its commitment to becoming a global leader in the sector.
Rockwell Medical (RMTI) has secured a multi-million dollar, three-year product purchase agreement with the largest non-profit dialysis provider in the U.S. This agreement positions Rockwell as the preferred supplier of liquid and dry acid and bicarbonate concentrates to hemodialysis facilities nationwide. CEO Mark Strobeck expressed enthusiasm, emphasizing this deal as a foundation for revenue growth and profitability by 2024. The hemodialysis concentrates market is valued at $380 million, with projections reaching $500 million by 2026 due to rising end-stage kidney disease cases. Rockwell is the second largest supplier in this vital market.
Rockwell Medical (NASDAQ: RMTI) has expanded its business into Minnesota, supplying hemodialysis concentrates to clinics there since December 5, 2022. The company anticipates onboarding all clinics by January 1, 2023, expecting over $1 million in revenue in the first year. As the second-largest U.S. supplier of these products, Rockwell is well-positioned in a market expected to grow from $380 million to $500 million by 2026 due to increasing end-stage kidney disease cases. The company aims for annual revenue of $100 million in the coming years.
Rockwell Medical, Inc. (RMTI) is restructuring to capitalize on the hemodialysis market, aiming for profitability in 2024. The company reduced long-term debt from $15 million to $10 million and achieved a record quarterly revenue of $18.7 million for Q3 2022, marking a 16.9% year-over-year increase. Cash used in operations fell by 81% to $1.1 million. Rockwell is reacquiring distribution rights for its hemodialysis concentrates and expects annual revenue could reach $100 million soon. Despite challenges, the company maintains high demand for its products.
Rockwell Medical (NASDAQ: RMTI) is reacquiring distribution rights for its hemodialysis concentrates from Baxter, effective November 9, 2022. This strategic move allows Rockwell to sell products directly to over 700 dialysis customers, enhancing profitability and operational independence. The U.S. market for these products is projected to grow from $380 million to $500 million by 2026. Rockwell aims for $100 million in annual revenue in the coming years and expects profitability by 2024, reducing reliance on external funding.
Rockwell Medical, Inc. (NASDAQ:RMTI) will release its financial results for Q3 2022 on November 14, 2022, at 6:00am ET. A live conference call will follow at 8:00am ET, led by CEO Mark Strobeck and CFO Russell Skibsted, discussing the financial and operational results. Investors can join the call by dialing (888) 660-6347 or via international number (929) 201-6594. The results will be available on the company’s website, RockwellMed.com, with a replay accessible until December 14, 2022.
Rockwell Medical (RMTI) announced on September 9, 2022, the grant of stock options for 66,000 shares to three new employees as part of Inducement Grants. These grants, made outside of the company's 2018 Long Term Incentive Plan, are designed to incentivize the new hires. The exercise price will match the closing stock price on the grant date, with vesting occurring annually over four years, contingent upon continued employment. Rockwell Medical is a key player in healthcare, focusing on products for blood disorders and renal diseases, including FDA-approved therapies and proprietary iron technology.
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