** Shares of TFF Pharmaceuticals Inc fall 70.6% to 47 cents premarket
** TFFP said on Thursday it was laying off its employees and plans to wind down operations
** Co also named Craig Jalbert as its CEO, CFO and sole member of the board; Jalbert has over 30 years of experience in handling distressed businesses and overseeing wind-downs
** More than 258,803 shares traded, which is over 2x their 25-day moving avg
** As of last close, stock had fallen ~77% YTD
(Reporting by Kamal Choudhury in Bengaluru)
((Kamal.Choudhury@thomsonreuters.com;))
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