Rockwell Medical (RMTI) 15 Aug 182018 Q2 Earnings call transcript

Good afternoon. And welcome to the Rockwell Medical Second Quarter 2018 Business Update Conference Call.

Before we begin, I would like to note that certain matters we will discuss may be forward-looking statements intended to qualify for the Safe Harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified as such because the context of the statement will include words such as we believe, anticipate, expect or words of similar import. Similarly, statements that describe our future plans, objectives, strategies or goals are also forward-looking statements. subject affect risks our are may uncertainties statements adversely materially anticipated forward-looking to and certain that These results. XXXX Form Risks not and for our limited are in fiscal XX-K to, the periodic uncertainties factors described included reports. as updated but our in our www.rockwellmed.com. available on Form is website, the our on are a through and link XX-K website of SEC's which Copies www.sec.gov located at of this statements are made date made the on call this forward-looking The of call. as

by reflect update As rebroadcast or subsequent we followed www.rockwellmed.com. Interim Officer. Ben, to call question-and-answer conference over any be forward-looking time, this to disclaim please is on for Benjamin will at events publicly go Principal I This recorded Executive these ahead. of call At and to would website a Wolin, conference The circumstances. to Board the call brief like turn statements obligation Chairman being session. Rockwell's the

all call. important press Medical. Thank close Today thank business Good me of the several to you and I today at underway developments out and joining getting call. plan this you, focus afternoon release the for start on for on changes to Operator. Rockwell so Apologies

the overview XX-Q the will from XXXX performance For refer and our filed and issued for company this release the quarter you before second of an the call. financial second that to press Form I quarter just respectively

updates. our business Turning to

before, and much say recognize change at maximize that me our heard we be strengthen for shareholders. to work is you done the Medical. value As There is needed to Rockwell business

will he renal Gambro he Principal the the Baxter, the dialysis to in our the our September fashion Stuart on healthcare Executive remain deeply This is taken and enhance caliber Medical purposeful X including team Director company. we of us growth. significant therapies a eager integral the as future. Officer. new Paul of and familiar businesses, running innovative development in this integral shareholders. an officially Asia-Pacific the joins $XXX of global role Rockwell Rockwell At revenue an $XXX and a billion serving to Diagnostics variety past starts was sale be pivotal of in AB of Stuart next for the our profit welcoming value Medical and to Board extremely Abbott million realizing International and Gambro million over experience brought and not ever businesses, and potential AB, to which seasoned Baxter with $X of Class CEO the has diligent to out still of the play synergies, the business with number and as appointment its brings responsible million new role better and a senior including is process. Officer. recent domestic will Stuart in Stuart revenue of XX Until hit time he $XXX combined in when position the months Interim industry the and is Stuart steps running the patients in continuing the necessary in veteran of roles on commercialization leadership Quest excited levels Directors. serving America, and and with acting of to the dialysis joins build clinical Financial of leadership team, products and profitability. integration Chief ground the Xth I'm for drive during to Rockwell and Board significant AB Medical that for Americas are Latin the our senior I as and to drug focused led and The Stuart’s driving Baxter. was company, a Laboratories, a across standing We Gambro lives of played as renal with Gambro are expertise leader Stuart international markets, selecting years operating XXXX key company billion member for the $X leadership a also

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to we We continuing with clinical Triferic. The know its matters company so can business. solely firmly the to reimbursement. savings system patients. that focus resources our focus to these therapies are U.S., We to can for the maximizing healthcare the have right we in outcomes end, the the with clinics operating pursue pleased commercial we focus focused create continue opportunity with planning us on renal regard on significant behind launch on improve To that and to for while and the separate still and product remains

we to where get the Before we open want today. thank I for to those to up us take Q&A, who are moment call a helped

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from [Operator of Instructions] first comes Crowley John line our question And [ph]. the

business gone My the its or customers product company what get Baxter to current relationship in out International together products, ways? working to selling terms is that are question dialysate still Hello. with of is Rockwell's separate have they is

your to those work excited Baxter. great remarks, for job the with I to us. across as company all of said the opportunities to and opportunities the I on a can in my Thanks continues Stuart And he question. business prepared and of going review have John, board maximizing do is for we are think

right. All you. Thank

[Operator line comes from Instructions] Your next of question with Terwilliger James the Paulson Investment.

Yeah. Hey, Can you guys. hear me?

hear can perfectly. We you Yeah.

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sold? the any margin as to down the increase bit quickly little on provide goods on what cost Just drove to Is gross I'm the quarter. can starting this a do color in the seemed you of additional there work company, trended have additional the

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write-down $X.X to million million the and $X or You $X.X can of due settlement. the million see over inventory one-time the

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China in do Chinese a doing lot questions? us to or United that want of has Triferic is there pleased quick would already a in drugs update is The lot about the apply been Chinese news and of two with ask market about any how work I'm in the, Calcitriol approved well, the that going? market? a have to been So Europe China, news I on States to Government faster that the the in in and for you whether not to get and first

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are I will there And Thank some just will them. I for and back you right. in much. way other make hopefully All very who are investors -- queue. out the

question line Hearing, next the Investor. Randy of comes Your Private from

doing you are How guys. today? Hey,

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dialysis provide about, maybe it’s huge patients. front? Can us miracle has you seeing say wouldn’t color, and you I mean, but some potential as some give Good. investor of Good. about a the Could community to to traction on start drug, from improve some drug I the talk have you renal, we lives heard renal, on the Fresenius, and uptake such maybe DaVita, customers U.S. color when also the American speak might just

for the Thanks question. Yeah.

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stay tuned on So front. that

on bullish the start can But the with the you when the we eager in will with day those end We to very the and be are proof some of we generating is numbers the share opportunity results. at real drug.

same what the on to when think, I any that question ask would seeing would you it? I and going start front, are anticipate Calcitriol, on we Well, traction

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questions. my taking for you Thank much. so you Thank

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of question Warsaw Investor. Jim comes the from next [ph], Your line Private

have and Dave, the more Hi. like And David in I in regulatory India was already there? question I and question. process this to at when curious was like China then the asked the we similar I what’s timeline where that. after enter is My one queue, to

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from with a comes Emas line Your Investor. Private question of next the Joe [ph]

think Good got day, times. in, the plan. of Rockwell the lot emailed invested. Ben. have to capital couple money the you were a they of the were attributed western year They skeletons I have Baxter that investing I that account company of I a to there was I'm to in in some the the reserve private in Appreciate in also couple closet last was a from feedback. investing and interested that

in So $XX it Baxter's that you part my is of roughly amounted commitment? down estimate What $XX about million, the million.

cash hand Baxter. on that’s filings. cash Baxter available made publicly what the In we in on We hand and from company's has was had nothing terms of that more that the our disclosed. all on than been commitment There a front

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current anything that now repay So no financial there to is right commitment commitment to to Baxter time?

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line Instructions] Tish [Operator Your Joseph [ph]. of next question comes from the

Good afternoon.

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next Smith line Instructions] from question comes Your [Operator of [ph]. Lyle the

common lot their clinics can and now the I Yes. of the walk I want a clinics payments Hello, some Triferic government say dialysis of sense pay for have ignoring a gentlemen. physician if under U.S. patients pay? willing now, allow Thank Tell treatment if on seems of can and Triferic. for high-end they retail adequate then And course where a will some so second inventory to just now the will and now on, questions, cash you. and then to the really single needed dialysis they me use patient guidance that I the price have me are or that it by there what's things there's right that and use could is, and question check? that right is

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final your Tom will Astad comes with from question Gloton [ph]. And Certainly.

the call first over … would have prior quarters after the question. been

So your thanks for patience.

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on formalized that is Nothing front.

comment you has a that nothing We been are drug what that – that, finalized terms new front. available post in would we on asserted -- all XXXX for yet haven’t of period. be but even entered Certainly what

on So happens planning same focused We definitely commercial we will But time definitely attention and there. of are keep own the or are not you resting at with paying pretty posted. regardless we CMMI CMS. laurels on are our our what

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you going support it Okay. weeks. I up. to We the Thank continued questions and time look with with coming are wrap you. the that and And chatting and folks your to days we in appreciate of of all the the really again forward company.

This call. concludes today’s

now disconnect. may You