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TRACON PHARMS INC - TCON STOCK NEWS

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TRACON Pharmaceuticals, Inc. (symbol: TCON) is a clinical-stage biopharmaceutical company dedicated to developing and commercializing targeted therapeutics for the treatment of cancer and wet age-related macular degeneration (AMD). The firm's leading clinical-stage product is Envafolimab (KN035), an investigational PD-L1 single-domain antibody designed for the treatment of soft tissue sarcoma.

The company's portfolio also includes:

  • DE-122: Currently in a randomized Phase IIa study targeting wet AMD.
  • TRC102: A small molecule in Phase II clinical trials for mesothelioma, Phase I trials for solid tumors, and additional trials for lymphomas and lung cancer.
  • TRC253: In Phase II clinical trials for treating metastatic castration-resistant prostate cancer.
  • TJ004309: A CD73 antibody in Phase I development for solid tumors.

TRACON Pharmaceuticals operates on a cost-efficient, contract research organization (CRO)-independent product development platform. This unique approach allows the company to partner with ex-U.S. companies, facilitating the development and commercialization of innovative therapies within the United States.

The company's collaborative efforts and licensing agreements with other firms reinforce its commitment to delivering cutting-edge treatments. Financially, TRACON demonstrates resilience and strategic growth, leveraging partnerships to advance their clinical trials and ensure a pipeline of promising therapeutic candidates.

For investors, TRACON Pharmaceuticals represents a significant opportunity in the biopharmaceutical landscape, driven by a robust pipeline of investigational drugs and a strategic focus on effective, targeted cancer therapies.

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TRACON Pharmaceuticals, Inc. (Nasdaq: TCON) announces the licensing of its proprietary CRO-independent product development platform (PDP) to a clinical stage biotech company for a $3.0 million upfront payment. This move aims to allow other companies to benefit from TRACON's cost-efficient and shorter clinical trial timelines.
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TRACON Pharmaceuticals, Inc. (Nasdaq: TCON) announced their third quarter financial results, highlighting progress in the ENVASARC trial for envafolimab, a novel targeted cancer therapeutic. The company also reported upcoming milestones and positive financial results, including a net income of $10.8 million for Q3 2023.
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TRACON Pharmaceuticals, Inc. will report its third quarter 2023 financial and operating results on November 9, 2023. The company utilizes a cost-efficient, CRO-independent product development platform for cancer therapeutics. A conference call will be held to discuss the financial results and provide an update on corporate activities. Registration is required to participate in the live call.
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TRACON Pharmaceuticals announces positive results from ENVASARC Phase 2 trial
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TRACON Pharmaceuticals CEO to participate in investor conferences
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TRACON Pharmaceuticals announces financial results for Q2 2023, including the collection of a $22M arbitration award. The company expects the award to extend its cash runway into early 2024. Interim efficacy assessment for ENVASARC trial expected later this quarter. Envafolimab shows a double-digit objective response rate (ORR) and is well tolerated. Upcoming milestones include completing accrual of the ENVASARC trial in Q4 2023 and final data from the trial in mid-2024. Cash position of $1.9 million at June 30, 2023, expected to fund the company into Q1 2024.
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TRACON Pharmaceuticals, Inc. (Nasdaq: TCON) will report its Q2 2023 financial and operating results on August 14, 2023, followed by a conference call to discuss the results and corporate activities. The company utilizes a cost-efficient, CRO-independent product development platform to advance its pipeline of novel targeted cancer therapeutics and partner with other life science companies.
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TRACON Pharmaceuticals collects arbitration award from I-Mab Biopharma, extending cash runway into early 2024 and past expected full accrual of the ENVASARC pivotal trial.
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TRACON Pharmaceuticals announced positive results of a six-month independent data monitoring committee (IDMC) review for the ongoing ENVASARC Phase 2 pivotal trial. The review showed that single agent envafolimab achieved a double-digit objective response rate (ORR) without any > Grade 2 drug-related toxicity. The combination of envafolimab with Yervoy did not demonstrate synergy, leading to termination of enrollment in cohort D. Enrollment in the separate trial of TRACON's CTLA-4 antibody YH001 with envafolimab and doxorubicin will continue. The company expects to report trial data at the Connective Tissue Oncology Society (CTOS) annual meeting in November.
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FAQ

What is the current stock price of TRACON PHARMS (TCON)?

The current stock price of TRACON PHARMS (TCON) is $0.03155 as of November 22, 2024.

What is the market cap of TRACON PHARMS (TCON)?

The market cap of TRACON PHARMS (TCON) is approximately 4.3M.

What does TRACON Pharmaceuticals specialize in?

TRACON Pharmaceuticals focuses on developing and commercializing targeted therapeutics for cancer and wet age-related macular degeneration (AMD).

What is Envafolimab (KN035)?

Envafolimab (KN035) is an investigational PD-L1 single-domain antibody currently in clinical trials for treating soft tissue sarcoma.

What products are in TRACON's clinical pipeline?

TRACON's pipeline includes Envafolimab, DE-122, TRC102, TRC253, and TJ004309, targeting various cancers and wet AMD.

What is TRC102 designed to treat?

TRC102 is a small molecule in clinical trials for mesothelioma, solid tumors, lung cancer, and lymphomas.

How does TRACON Pharmaceuticals conduct its product development?

TRACON uses a cost-efficient, CRO-independent platform, partnering with ex-U.S. companies to develop and commercialize therapies in the U.S.

What phase is TRC253 currently in?

TRC253 is in Phase II clinical trials for metastatic castration-resistant prostate cancer.

What is unique about TRACON's development approach?

TRACON's independent product development platform allows for cost-efficient and strategic partnerships to advance their drug candidates.

Are there any financial highlights for TRACON Pharmaceuticals?

TRACON has shown strategic growth and resilience, leveraging partnerships to advance their clinical trials and expand their therapeutic pipeline.

What is DE-122 aimed at treating?

DE-122 is aimed at treating wet age-related macular degeneration (AMD) and is currently in a randomized Phase IIa study.

What partnerships does TRACON Pharmaceuticals have?

TRACON collaborates with ex-U.S. companies for the development and commercialization of innovative products within the United States.

TRACON PHARMS INC

Nasdaq:TCON

TCON Rankings

TCON Stock Data

4.29M
3.35M
1.73%
4.04%
6.2%
Biotechnology
Biological Products, (no Disgnostic Substances)
Link
United States of America
San Diego