CorMedix Inc (CRMD)

[wkpeters]

CorMedix Announces Appointment of Key Positions.

CorMedix Inc. ("CorMedix") , a pharmaceutical company focused on developing and commercializing therapeutic products for the prevention and treatment of Cardiorenal disease, today announced the appointment of Robert D. Hopkins as head of clinical operations and project management and Dilip Wadgaonkar as head of product development and manufacturing.

In these new roles, Dr. Hopkins will be responsible for developing and overseeing the operational strategies for the Company's clinical products, programs, and services and project management to ensure efficient execution of trials, and Mr. Wadgaonkar will be responsible for product development operations and manufacturing, including product/formulation development, planning, implementation and maintenance of analytical methods, technology transfer, processes and operations for new products and technologies.

"Robert Hopkins and Dilip Wadgaonkar bring to CorMedix a wealth of industry knowledge and experience in each of their respective roles, which will be of significant value as we continue to advance our Phase II clinical program of CRMD-001, (a proprietary formulation of deferiprone) for the prevention of contrast-induced acute kidney injury, in addition to preparing our Investigational Device Exemption filing and anticipated subsequent initiation of our pivotal clinical study for CRMD-003, (Neutrolin(R)) for the prevention of catheter related bloodstream infections and clotting in hemodialysis," stated John C. Houghton, president and chief executive officer of CorMedix.

Dr. Hopkins has over a decade of clinical operations and project management experience, with a Doctorate of Veterinary Medicine and Masters of Science Biology. Most recently, Dr. Hopkins served as associate director, project management at Quintiles Transnational, Inc., where he had the responsibility of managing multiple projects, establishing SOPs, policies and procedures for client's clinical programs. Dr. Hopkins' prior experience includes serving as the senior project manager for PRA International, and clinical trial project manager at Pfizer, Inc. Dr. Hopkins will report to Mark T. Houser, M.D. MBA, CorMedix's chief medical officer.

Mr. Wadgaonkar brings to CorMedix over 20 years of formulation and manufacturing experience, with a Ph.D. in Pharmaceutics and a Masters of Science and Pharmacy. Most recently, Mr. Wadgaonkar served as head of research and development at Sun Pharmaceutical Industries Inc., where he was responsible for establishing the research and development manufacturing processes, and supporting the regulatory affairs divisions for all new drug applications. Mr. Wadgaonkar's prior experience includes serving as the vice president of research and development for Interpharm Inc., where he oversaw research and development activities including formulation development, analytical aspects, Abbreviated New Drug Application compilation and technology transfer, in addition to serving at Barr Laboratories, Hoffman La Roche, and Wyeth. Mr. Wadgaonkar will report to John C. Houghton, CorMedix's president and chief executive officer.

About CorMedix

CorMedix Inc. is a pharmaceutical company that seeks to in-license, develop and commercialize therapeutic products for the prevention and treatment of cardiac and renal dysfunction, also known as cardiorenal disease. CorMedix's goal is to treat kidney disease by reducing the commonly associated cardiovascular and metabolic complications, in effect, treating the kidney to treat the heart. CorMedix currently has several product candidates in development, including its two most advanced product candidates: CRMD-003 (Neutrolin(R)) for the prevention of central venous catheter infection and clotting in hemodialysis; and CRMD-001 (a proprietary formulation of deferiprone) for the prevention of contrast-induced nephropathy in high-risk patients with chronic kidney disease. Please see www.cormedix.com for additional information.

http://www.marketwatch.com/story/cormedix-announces-appointment-of-key-positions-2010-08-10?reflink=MW_news_stmp