Talphera Achieves 50% Patient Enrollment in NEPHRO-CRRT Study
- Patient Enrollment Progress: Talphera has achieved 50% enrollment in the NEPHRO-CRRT clinical trial with 35 out of 70 patients enrolled, a milestone facilitated by FDA approval and the introduction of new clinical sites, which is expected to accelerate subsequent recruitment.
- Trial Adjustments: In 2025, Talphera implemented significant changes to the NEPHRO CRRT trial, including a nearly 60% reduction in total enrollment numbers and updated target profiles for clinical sites, focusing on medical ICUs, which has improved recruitment efficiency.
- Expert Sharing Event: The company plans to host a virtual investor and analyst event on March 23, 2026, featuring two key experts who will share their experiences in the CRRT field, further enhancing investor confidence in the company's products.
- FDA Application Outlook: Talphera anticipates filing a PMA this year, which, if approved, would make it the only FDA-approved regional anticoagulant for CRRT, addressing the urgent market need for better anticoagulants and holding significant market potential.
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- Patient Enrollment Progress: Talphera has enrolled 35 out of 70 patients in the NEPHRO-CRRT clinical trial, achieving a 50% enrollment milestone that demonstrates the effectiveness of new target clinical sites, which is expected to accelerate the study's progress and enhance market competitiveness.
- Clinical Trial Adjustments: With FDA agreement, Talphera implemented significant changes to the NEPHRO CRRT trial, including a nearly 60% reduction in total enrollment numbers and revised criteria aimed at improving patient recruitment efficiency and data quality.
- Expert Sharing Event: The company plans to host a virtual investor and analyst event on March 23, 2026, featuring two nephrology experts who will share their experiences in the CRRT field, further boosting investor confidence in the company's products.
- FDA Application Outlook: Talphera anticipates filing a PMA this year, which, if approved, would make it the only FDA-approved regional anticoagulant for CRRT, addressing the urgent market need for better anticoagulants and holding significant commercial potential.
- Patient Enrollment Progress: Talphera has achieved 50% enrollment in the NEPHRO-CRRT clinical trial with 35 out of 70 patients enrolled, a milestone facilitated by FDA approval and the introduction of new clinical sites, which is expected to accelerate subsequent recruitment.
- Trial Adjustments: In 2025, Talphera implemented significant changes to the NEPHRO CRRT trial, including a nearly 60% reduction in total enrollment numbers and updated target profiles for clinical sites, focusing on medical ICUs, which has improved recruitment efficiency.
- Expert Sharing Event: The company plans to host a virtual investor and analyst event on March 23, 2026, featuring two key experts who will share their experiences in the CRRT field, further enhancing investor confidence in the company's products.
- FDA Application Outlook: Talphera anticipates filing a PMA this year, which, if approved, would make it the only FDA-approved regional anticoagulant for CRRT, addressing the urgent market need for better anticoagulants and holding significant market potential.

Financing Update: Talphera, Inc. closed a $17 million first tranche financing led by CorMedix, Inc., with expectations of sufficient capital through a potential PMA approval of their product Niyad in late 2026.
Clinical Study Progress: Five out of nine target clinical sites for the NEPHRO study are activated, with completion expected in the first half of 2026, and positive enrollment momentum reported.
Financial Performance: For Q3 2025, Talphera reported a net loss of $4.4 million, slightly higher than the previous year, with cash and investments totaling $21.3 million as of September 30, 2025.
Future Guidance: The company anticipates cash operating expenses for 2025 to be between $14 million and $15 million, a reduction from previous estimates, as they continue to advance the NEPHRO CRRT registration trial.

Financial Results Announcement: Talphera, Inc. will release its third quarter 2025 financial results on November 12, 2025, followed by a live webcast and conference call at 4:30 p.m. ET to discuss the results and business updates.
Webcast and Conference Call Details: The webcast can be accessed through Talphera's website, and a replay will be available for 90 days. Investors can join the conference call using specific dial-in numbers and a conference ID.
Company Overview: Talphera, Inc. is a specialty pharmaceutical company focused on developing innovative therapies for medically supervised settings, with its lead product candidate, Niyad™, currently under investigation as an anticoagulant.
Regulatory Status: Niyad™ has received Breakthrough Device Designation from the FDA, highlighting its potential significance in medical applications.

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