Microcap Ledger

Tickers · $TLPH

Talphera, Inc. $TLPH

By Microcap Ledger desk · CIK 0001427925

Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.

Snapshot

Exchange
Nasdaq Capital Market
Sector
Pharmaceutical Preparations
Headquarters
San Mateo, CA
Fiscal year end
December 31
Shares outstanding
51,905,796 [10-Q 2026-08-12]
as of 2026-08-06

Sources: [10-K 2026-03-23]

What the company doesAI summary of filing

Talphera is a specialty pharmaceutical company developing therapies for use in medically supervised settings. The company's lead product candidate is Niyad (nafamostat mesylate), a lyophilized vial formulation in clinical development as a regional anticoagulant for continuous renal replacement therapy, which has received FDA Breakthrough Device Designation and is in a registrational trial expected to complete in 2026. The company also is developing LTX-608, a nafamostat formulation for direct intravenous infusion for potential indications including disseminated intravascular coagulation, acute respiratory distress syndrome, and acute pancreatitis, with an IND expected to be submitted following toxicology evaluation. Talphera is pre-revenue from its lead program and generates no revenue from its product candidates, though it divested the previously commercialized product DSUVIA in 2023. [10-K 2026-03-23]

Segments: Niyad (nafamostat mesylate) – regional anticoagulant for CRRT, LTX-608 (nafamostat for IV infusion) – for DIC, ARDS, acute pancreatitis, antiviral, Pre-filled syringe candidates (Fedsyra, Phenylephrine) – under evaluation for discontinuation

Financial health

From XBRL company facts (USD)
PeriodRevenueNet incomeOperating cash flowCashFiling
6 months to Jun 2026$0.00−$6.87M −$7.32M$742.0K[10-Q 2026-08-12]
FY ended Dec 2025$28.0K−$14.29M −$11.36M$5.89M[10-K 2026-03-23]
FY ended Dec 2024$0.00−$13.00M −$12.68M$8.86M[10-K 2026-03-23]
Quarterly cash burn
−$3.66M
Cash runway Estimate
~0.6 months

Estimate: cash at the end of the period (6 months to Jun 2026) divided by the average monthly operating cash outflow over that period. Ignores any cash raised or spent since, and any financing.

Capital structure and dilution

Summary only. How these instruments work: Dilution & financing desk.

Share count
DateShares outstandingFiling
2024-11-0717,029,218[10-Q 2024-11-13]
2025-03-1717,098,345[10-K/A 2025-04-29]
2025-05-0720,503,463[10-Q 2025-05-14]
2025-08-0720,522,655[10-Q 2025-08-14]
2025-11-0546,609,618[10-Q 2025-11-12]
2026-03-1850,049,824[10-K 2026-03-23]
2026-05-0751,899,648[10-Q 2026-05-13]
2026-08-0651,905,796[10-Q 2026-08-12]
Shelf registration
S-3 filed 2026-03-25; declared effective 2026-04-01 [S-3 2026-03-25]

Listing status

Current status: 4 Form 8-K Item 3.01 filing(s) in the last 24 months, most recent 2026-03-13. Item 3.01 covers delisting notices, failures to meet a listing rule and listing transfers; read the filing for which one.

DateEventDetailsDeadlineFiling
2026-03-138-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-03-13]
2025-06-058-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2025-06-05]
2024-12-118-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2024-12-11]
2024-11-298-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2024-11-29]

More on deficiency notices and uplistings: Listing status desk.

Who owns it

Recent Form 4 transactions
DateInsiderTypeSharesPriceFiling
2026-06-22Wan Mark Agrant5,100—[4 2026-06-24]
2026-06-22Todisco Josephgrant5,100—[4 2026-06-24]
2026-06-22Jain Abhinavgrant5,100—[4 2026-06-24]
2026-06-22Hoffman Stephen Jgrant5,100—[4 2026-06-24]
2026-06-22Broadfoot Jill Mariegrant5,100—[4 2026-06-24]
2026-06-22Bozilenko Marinagrant5,100—[4 2026-06-24]
2026-06-22Adams Adriangrant5,100—[4 2026-06-24]
2026-05-20Aslam Shakilother4,518$0.82[4 2026-05-21]

Catalysts and calendar

Facts as of . Small caps move fast; check the latest filings.