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Last $13.80 USD
Change Today -0.39 / -2.75%
Volume 538.5K
RMTI On Other Exchanges
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As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

rockwell medical inc (RMTI) Snapshot

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07/17/15 - $18.90
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rockwell medical inc (RMTI) Details

Rockwell Medical, Inc. operates as an integrated biopharmaceutical company in the United States and internationally. It offers products and services for the treatment of end-stage renal disease, chronic kidney disease, iron deficiency, secondary hyperparathyroidism, and hemodialysis. The company’s products are used to cleanse patients' blood and replace nutrients lost during the kidney dialysis process. Its lead drug include Triferic, an iron compound that is delivered to hemodialysis patients via dialysate, replacing the ongoing iron loss that occurs during their dialysis treatment. The company also provides Calcitriol, a generic active vitamin D indicated for the treatment of secondary hyperparathyroidism in dialysis patients. In addition, it manufactures, sells, delivers, and distributes hemodialysis concentrates, such as CitraPure citric-acid concentrate, Dri-Sate dry acid concentrate, Renal Pure liquid acid concentrate, dry acid concentrate mixer, Renalpure powder bicarbonate concentrate, and SteriLyte liquid bicarbonate concentrate; and ancillary products, including blood tubings, fistula needles, specialized custom kits, dressings, cleaning agents, filtration salts, and other supplies used by hemodialysis providers. The company sells its products directly to hemodialysis providers, as well as through independent sales agents and distributors. Rockwell Medical, Inc. was founded in 1995 and is based in Wixom, Michigan.

283 Employees
Last Reported Date: 03/3/15
Founded in 1995

rockwell medical inc (RMTI) Top Compensated Officers

Founder, Chairman of The Board, Chief Executi...
Total Annual Compensation: $1.3M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $501.9K
Chief Medical Officer
Total Annual Compensation: $541.0K
Chief Scientific Officer and Member of Scient...
Total Annual Compensation: $586.1K
Compensation as of Fiscal Year 2014.

rockwell medical inc (RMTI) Key Developments

Rockwell Medical Announces Triferic(TM) Phase 3 Cruise Studies Published in Nephrology Dialysis Transplantation

Rockwell Medical, Inc. announced the publication of Triferic Phase 3 CRUISE studies (CRUISE 1 and 2) in Nephrology Dialysis Transplantation (NDT). Triferic is the only FDA approved iron product indicated for delivery via dialysate to replace iron and maintain hemoglobin in hemodialysis patients in the United States. The CRUISE studies were randomized, single blind, placebo controlled, efficacy and safety studies in chronic hemodialysis patients. Triferic was added to the bicarbonate hemodialysis concentrate while placebo patients received standard hemodialysate without Triferic. A total of 599 patients participated in both studies with 290 randomized to receive Triferic and 295 to placebo. Patients completed the Phase 3 study when they met pre-specified anemia centered criteria or lasted 48 weeks without achieving the criteria. After completing randomized treatment, patients entered open-label treatment. The primary objective of the CRUISE studies was to determine whether regular administration of Triferic via dialysate could maintain hemoglobin concentrations by optimizing iron delivery and maintaining iron balance. The primary endpoint was the mean change in hemoglobin from baseline to the end-of-treatment (EoT) defined as the average of all hemoglobin values obtained during the last one-sixth (1/6th) of the time spent in the randomized stage of treatment (Stage 2). Both studies successfully met the primary endpoint with a treatment difference of 0.4 g/dL in hemoglobin concentration in favor of Triferic (P=0.011 for individual studies, 95% confidence interval 0.1 to 0.6 g/dL). During the randomized treatment phase, hemoglobin concentrations remained stable in the Triferic treated group while declined in the placebo group. The safety profile of Triferic was similar to placebo treated patients, with both groups experiencing similar proportions of adverse events. The most frequent adverse event was procedural hypotension which was present in 21.6% of Triferic patients and 19.2% of placebo treated patients. No serious adverse events or deaths were attributed to Triferic. The CRUISE article, Ferric pyrophosphate citrate (Triferic) administration via the dialysate maintains hemoglobin and iron balance in chronic hemodialysis patients.

Rockwell Medical, Inc. Announces Cash Flow Guidance for 2015

Rockwell Medical, Inc. announced that for 2015, capital expenditures on current facilities are not expected to materially exceed depreciation expense. Future R&D spending on Triferic technology is expected to include a clinical study in pediatric patients as well as some work in TPN and PD indications. The company expects cash flow from operations to be positive following the launch of drug products in 2015.

Rockwell Medical, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Rockwell Medical, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported sales of $13,883,961 against $12,963,652 a year ago. Operating loss was $3,813,009 against $7,025,438 a year ago. Loss before income taxes was $3,699,194 against $7,805,526 a year ago. Net loss was $3,699,194 against $7,805,526 a year ago. Basic and diluted loss per share was $0.07 against $0.20 a year ago. Cash used in operating activities was $3,313,784 against $10,365,177 a year ago. Purchase of equipment was $77,705 against $329,882 a year ago.


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