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RMTI could squeeze soon
Source- BuyIns: We initiated coverage on Rockwell Medical (NASDAQ: RMTI) on April 1st at $7.45. The stock is +24% and is right at its $9.25 SqueezeTrigger Price. This should run to $14 – $15 at any time now! Get and stay long. This looks explosive here!
Rockwell Medical is a fully-integrated biopharmaceutical company targeting end-stage renal disease (ESRD) and chronic kidney disease (CKD) with innovative products and services for the treatment of iron replacement, secondary hyperparathyroidism and hemodialysis. There is an abnormally large short position in this stock with an average price of $9.25. The company’s latest drug, Triferic, is expected to begin selling this year and provides a significant benefit not only to patients, but also to health care providers (much easier to administer the drug) and to insurance companies (cost improvements). We believe this stock will go back to its 2015 highs when its new drug begins selling.
Rockwell’s Triferic is indicated for iron replacement and maintenance of hemoglobin in hemodialysis patients. Triferic delivers iron to patients during their regular dialysis treatment, using dialysate as the delivery mechanism. Triferic has demonstrated that it safely and effectively delivers sufficient iron to the bone marrow and maintains hemoglobin without increasing iron stores (ferritin).
Rockwell’s FDA approved generic drug Calcitriol is for treating secondary hyperparathyroidism in dialysis patients. Calcitriol (active vitamin D) injection is indicated in the management of hypocalcemia in patients undergoing chronic renal dialysis. It has been shown to significantly reduce elevated parathyroid hormone levels. Reduction of PTH has been shown to result in an improvement in renal osteodystrophy.
Click here China FDA acceptance: http://finance.yahoo.com/news/china-fda-accepts-rockwell-medical-120000427.html
Broad street alerts has not been compensated for the mention of any publicly traded companies in this article with exception to FNJN.
Broad Street Alerts was previously compensated eighteen thousand five hundred dollars by star media llc for the mention of FNJN however, that contract has expired.