Talphera, Inc. shares fall 16.61% premarket after announcing private placement financing of up to $29 million.

Talphera, Inc. dropped 16.61% in premarket trading. The company announced a private placement financing of up to $29 million, with CorMedix making a strategic minority investment. The financing is expected to provide sufficient capital through the planned approval of a Niyad PMA in the second half of 2026.