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RMTI $2.63

RMTI target price
2.63
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Rockwell Medical Inc.
Type
Public
Traded as NASDAQ: RMTI
Industry Pharmaceutical Industry
Founded 1996
Headquarters United States, Wixom, Michigan
Key people

Robert L. Chioini, Founder, Chairman and CEO Thomas E. Klema, Vice President, CFO, Treasurer and Secretary Ajay Gupta, M.D., Chief Scientific Officer

Raymond D. Pratt, M.D, Chief Medical Officer
Website www.rockwellmed.com

Robert L. Chioini, Founder, Chairman and CEO Thomas E. Klema, Vice President, CFO, Treasurer and Secretary Ajay Gupta, M.D., Chief Scientific Officer

Rockwell Medical Inc. is a publicly traded (NASDAQ: RMTI) biopharmaceutical company founded in 1996 in Michigan. Rockwell focuses on development and commercialization of treatments against diseases such as end-stage renal disease (ESRD) and chronic kidney disease (CKD).

This company performed top during 2013, among biopharmaceutical companies in the US and has two largest dialysis centers in the US, DaVita (DVA) and Fresenius (FMS), as the buyer of its products.

Triferic: Triferic was approved by United States Food and Drug Administration (FDA) in January 2015. Triferic is the only FDA-approved therapy indicated to replace iron and maintain hemoglobin in adult hemodialysis patients with chronic kidney disease. Triferic replaces the iron lost during hemodialysis treatments. Triferic delivers iron directly to transferrin which transported it to the bone marrow to make hemoglobin. Rockwell is actively marketing and commercializing Triferic in the U.S. hemodialysis market.

Calcitriol: Calcitriol (active vitamin D) generic is FDA approved for treating secondary hyperparathyroidism or hypocalcemia in hemodialysis patients.

Hemodialysis Concentrates: Rockwell is an established manufacturer of hemodialysis concentrates/dialysates for dialysis providers and distributors in the U.S. and globally. Hemodialysis concentrates remove toxins and replace critical nutrients in the dialysis patient’s bloodstream during hemodialysis. Rockwell has three U.S. manufacturing and distribution facilities.

One of the main treatment that the company develops is for iron supplementation, a key element in the formation of new red blood cells. The product is called soluble ferric pyrophosphate (SFP), and its therapy was licensed in 2011 for the delivery of iron supplementation for patients who suffer from anemic dialysis, since the process accounts for treatment in around 90 percent of anemia patients. The clinical experiment for this treatment is under Phase III during 2011.

In February 2014, the Company completed its large-scale, long-term safety study for iron maintenance drug Triferic.

In December 2011, Rockwell Medical Inc. acquired an abbreviated new drug application (ANDA), which is used for calcitriol, an intravenous Vitamin D analogue, in a gene-related version.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-07 Future report Set alerts
Q2 2022 2022-08-15 -0.56 -0.56
Q1 2022 2022-05-19 -0.84 -0.84
Q1 2023 2022-05-16 -0.84 -0.84
Q4 2022 2022-04-08 0.00 0.00
Q4 2021 2022-04-08 -0.09 -0.09
Q3 2021 2021-11-15 -0.88 -0.88
Q2 2021 2021-08-16 -0.99 -0.99
Q1 2021 2021-05-17 -0.88 -0.88
Q4 2020 2021-03-31 -0.99 -0.99

Ratings

2016-04-06 Reiterated Rating Morgan Stanley Sell
2016-03-03 Reiterated Rating Bank of America Neutral $18.00 to $9.00
2016-03-03 Reiterated Rating Bank of America Corp. Neutral $18.00 to $9.00
2016-03-01 Downgrade Stifel Nicolaus Buy to Hold
2016-03-01 Downgrade Craig Hallum Buy to Hold $7.00
2015-11-12 Reiterated Rating Oppenheimer Outperform $26.00
2015-11-12 Reiterated Rating Oppenheimer Holdings Inc. Outperform $26.00
2015-11-11 Reiterated Rating Brean Capital Sell $4.00
2015-10-21 Reiterated Rating Oppenheimer Buy $26.00
2015-09-29 Reiterated Rating Oppenheimer Buy $26.00
2015-09-10 Reiterated Rating Oppenheimer Buy $26.00
2015-08-22 Reiterated Rating Oppenheimer Buy $26.00
2015-08-13 Initiated Coverage Morgan Stanley Underweight $7.00
2015-08-07 Reiterated Rating Brean Capital Sell $4.00
2015-08-06 Reiterated Rating Oppenheimer Outperform $26.00
2015-07-08 Reiterated Rating Bank of America Neutral $18.00
2015-06-22 Set Price Target Oppenheimer Buy $26.00
2015-06-09 Reiterated Rating Oppenheimer Outperform $26.00
2015-02-27 Reiterated Rating Brean Capital Sell $4.00
2015-01-30 Initiated Coverage Bank of America Buy $15.00
2015-01-27 Set Price Target Summer Street Positive to Buy $25.00
2015-01-27 Reiterated Rating Oppenheimer In-Line
2015-01-26 Set Price Target Brean Capital Sell $4.00
2015-01-06 Initiated Coverage Oppenheimer Outperform $24.00
2015-01-05 Reiterated Rating Brean Capital Sell $4.00
2014-12-26 Set Price Target Brean Capital Sell $4.00
2014-11-11 Reiterated Rating Chardan Capital Positive
2014-11-07 Boost Price Target Chardan Capital Buy $22.00 to $27.00
2014-11-04 Reiterated Rating Summer Street Positive
2014-10-08 Reiterated Rating ING Group Buy
2014-09-12 Reiterated Rating Summer Street Buy
2014-08-14 Initiated Coverage FBR & Co. Underperform $6.00
2014-08-14 Initiated Coverage FBR & Co Underperform $6.00
2014-02-13 Reiterated Rating Summer Street Buy
2013-12-19 Initiated Chardan Capital Markets Buy $22
2013-12-19 Initiated Coverage Chardan Capital Buy $22.00
2013-12-17 Initiated Coverage Brean Capital Sell $4.00
2013-11-06 Reiterated Summer Street Research Buy
2013-11-06 Reiterated Rating Summer Street Buy $25.00
2013-09-27 Reiterated Rating Craig Hallum Buy $16.00
2013-09-27 Boost Price Target Stifel Nicolaus Hold $18.00
2013-09-05 Reiterated Summer Street Research Buy $20 to $25
2012-04-11 Initiated Summer Street Research Buy $20
2012-01-03 Initiated Canaccord Genuity Buy $14
2009-12-10 Initiated JMP Securities Mkt Outperform $11
2009-10-12 Initiated Wedbush Morgan Outperform $12
2016-04-06 Reiterated Rating Morgan Stanley Sell
2016-03-03 Reiterated Rating Bank of America Neutral $18.00 to $9.00
2016-03-03 Reiterated Rating Bank of America Corp. Neutral $18.00 to $9.00
2016-03-01 Downgrade Stifel Nicolaus Buy to Hold
2016-03-01 Downgrade Craig Hallum Buy to Hold $7.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
CHIOINI ROBERT L Chairman, President and CEO 6.24%  (2549907) RMTI /
HAGELSTEIN DAVID A 3.33%  (1360700) RMTI /
KLEMA THOMAS E Vice President, CFO 1.64%  (671492) RMTI /
Gupta Ajay Chief Scientific Officer 1.20%  (490949) RMTI /
Pratt Raymond Dennis VP of Drug Development 0.78%  (317970) RMTI /
RAVICH MARK H See Footnote 1 0.77%  (314750) RMTI / TIS /
Richmond David S. See Footnote 1 0.43%  (176376) RMTI /
Bagley Patrick J 0.40%  (165550) RMTI /
BOYD RONALD D 0.16%  (67300) RMTI /
HOLT KENNETH L 0.03%  (12630) RMTI /
Smith Robin L 0.02%  (9800) NBS / RMTI / SGNL /