Talphera Announces $26 Million Capital Commitment Through a Combination of a Non-Dilutive Royalty Monetization and Equity Offering
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Thursday, January 18, 2024
"Finally, being able to secure a non-dilutive royalty capital solution from XOMA to focus our resources on Niyad while still being able to participate in the DSUVIA royalty and milestone stream is an ideal transaction for Talphera.
Key Points:
- "Finally, being able to secure a non-dilutive royalty capital solution from XOMA to focus our resources on Niyad while still being able to participate in the DSUVIA royalty and milestone stream is an ideal transaction for Talphera.
- The total additional capital available to the Company should all outstanding Series A and Series B common stock warrants be exercised is $14.4 million.
- Talphera has completed a partial monetization of its DSUVIA royalties and milestones with XOMA for $8 million.
- Talphera expects the committed funding to provide sufficient capital to fund Talphera through a potential approval of Niyad, targeted in the first half of 2025.