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Relmada Therapeutics (NASDAQ: RLMD) stock surged approximately 80% in pre-market trading after the company announced positive mid-stage data from a Phase 2 clinical trial of its bladder cancer drug NDV-01 and simultaneously completed a $160 million private placement. The trial showed a 12-month complete remission rate of 76% for NDV-01, and the company plans to initiate a Phase 3 clinical trial by mid-2026. The financing was led by multiple investment firms and is expected to close around March 11, 2026, enabling the company to sustain operations until 2028.