Jim Molloy's questions to Talphera Inc (TLPH) leadership • Q4 2024
Question
Speaking for Jim Molloy of Alliance Global Partners, an analyst asked for the expected timing of the private placement milestones, the strategy for optimizing underperforming clinical trial sites, and any early indications of the new enrollment rate.
Answer
CEO Vince Angotti projected the first financing milestone (17 patients) would be hit around mid-year and the second (35 patients) in the third quarter. Chief Medical Officer Dr. Shakil Aslam stated they are working with existing sites to shift PI responsibility to nephrologists and may deactivate unproductive sites as more high-potential sites come online. Vince Angotti added that while it's too early for a new enrollment rate, the potential patient pool is expanding exponentially with new sites that have 4-5 times more CRRT patients per month than the original sites.