Talphera, Inc. shares rise 10.50% intraday after Ninth Circuit affirmed dismissal of securities fraud suit.

Talphera, Inc. rose 10.50% during intraday trading. The Ninth Circuit's affirmation of the dismissal of a securities fraud suit against the company and its executives, along with the clarification of the interplay between marketing materials and the reasonable investor standard, may have positively influenced investor sentiment. Additionally, Computershare's launch of an investment engagement business and the hiring of an executive for North America could have contributed to the stock's upward movement.