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• Talphera announces Q3 2025 financial results • $17 million financing led by CorMedix, Inc. • Cash and investments at $21.3 million • Expected sufficient cash through late 2026 PMA approval • 5 of 9 clinical sites activated for NEPHRO study • Completion expected in H1 2026 • Conference call on Nov 12, 2025 at 4:30 pm ET
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