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TRACON PHARMS INC - TCON STOCK NEWS

Welcome to our dedicated page for TRACON PHARMS news (Ticker: TCON), a resource for investors and traders seeking the latest updates and insights on TRACON PHARMS stock.

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 (TCON) announced it will release its second quarter 2022 financial results after market close on August 10, 2022. The call will include updates on corporate activities and financial performance. The company continues to develop its pipeline of targeted cancer therapeutics, including Envafolimab and YH001, while seeking partnerships to enhance its product development capabilities. A replay of the conference call will be available for 60 days following the event.

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TRACON Pharmaceuticals (TCON) has enrolled its 36th patient in the ENVASARC pivotal trial for envafolimab at 600 mg, allowing for an interim efficacy analysis by the independent data monitoring committee (IDMC). This analysis is set for Q4 2022, requiring one objective response in each cohort to continue patient accrual. The trial, launched in December 2020, targets advanced soft tissue sarcoma and anticipates full enrollment of 160 patients by the end of 2023. Envafolimab is a novel PD-L1 inhibitor approved in China for certain advanced solid tumors.

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TRACON Pharmaceuticals (Nasdaq: TCON) announced that Charles Theuer, M.D., Ph.D., its President and CEO, will participate in a fireside chat at the Jefferies Healthcare Conference on June 10, 2022, at 11:00 am ET. The event aims to showcase TRACON's innovative cancer therapeutics and its CRO-independent development platform. Key products include Envafolimab, YH001, TRC102, and TJ004309, which target various types of cancer. For further details, visit TRACON's website.

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TRACON Pharmaceuticals (TCON) announced that Charles Theuer, M.D., Ph.D., will present a corporate overview at the H.C. Wainwright Global Investment Conference from May 23-26, 2022. The presentation will be available on-demand starting at 7:00 AM ET on May 23, 2022, on the company's website. TRACON focuses on developing targeted cancer therapies and partners with life science companies through a unique product development platform. Their pipeline includes Envafolimab, YH001, TRC102, and TJ004309, aimed at various cancer treatments.

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TRACON Pharmaceuticals (Nasdaq:TCON) reported its Q1 2022 financial results, highlighting a net loss of $9.5 million, up from $5.1 million in Q1 2021. Cash reserves decreased to $16.6 million as of March 31, 2022, from $24.1 million at year-end 2021. The company remains focused on advancing the ENVASARC trial with plans to deliver interim efficacy data later this year. TRACON is also preparing to initiate a Phase 1/2 trial of envafolimab combined with YH001 and doxorubicin. Additionally, arbitration outcomes for TJ4309 agreements are anticipated in the second half of 2022.

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TRACON Pharmaceuticals (TCON) announced it will report its Q1 2022 financial and operating results after the market close on May 11, 2022. The company is focused on developing targeted cancer therapies using a cost-efficient, CRO-independent platform. It will also host a conference call to discuss these results and corporate activities. Key products in its pipeline include Envafolimab for sarcoma, YH001 for CTLA-4, TRC102 for lung cancer, and TJ004309 for advanced solid tumors. Interested parties can access the webcast through their website.

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TRACON Pharmaceuticals (TCON) announced the successful approval of the amended ENVASARC protocol by the FDA and all 30 clinical sites, facilitating the enrollment of patients at a doubled dosage of envafolimab. Initial dosing began in March 2022, with over 10 patients already enrolled. Interim safety and efficacy reviews by the Independent Data Monitoring Committee (IDMC) are expected in the second half of 2022. The company aims to leverage its CRO-independent development platform to enhance cancer therapeutic innovations.

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TRACON Pharmaceuticals (NASDAQ: TCON) announced that its CEO, Charles Theuer, will participate in a fireside chat at the Maxim Group 2022 Virtual Growth Conference on March 30, 2022, at 1:30 PM Eastern Time. This event will be hosted by Jason McCarthy and streamed live on M-Vest. TRACON focuses on developing targeted cancer therapies through a cost-efficient, CRO-independent platform. Its pipeline includes promising candidates like Envafolimab and YH001. Interested attendees can reserve their seats on M-Vest.

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TRACON Pharmaceuticals (TCON) announced FDA approval of an amended protocol for its ENVASARC trial, aimed at treating refractory sarcoma. Dosing has been increased to 600 mg of envafolimab every three weeks after positive feedback from the Independent Data Monitoring Committee. The company expects to release interim efficacy data in the second half of 2022. In the fourth quarter of 2021, TRACON reported a net loss of $7.7 million and had $24.1 million in cash reserves. The company plans to start a combination trial with its CTLA-4 inhibitor YH001 later this year.

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TRACON Pharmaceuticals (NASDAQ: TCON) announced that CEO Charles Theuer will present a corporate overview at the Oppenheimer 32nd Annual Healthcare Conference on March 16, 2022, at 4:00 PM ET. The company focuses on developing targeted cancer therapeutics through a capital-efficient platform and partnerships with ex-U.S. firms. Key products in its pipeline include Envafolimab for sarcoma and YH001, a CTLA-4 antibody. Interested parties can access the presentation via the TRACON website.

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FAQ

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

The current stock price of TRACON PHARMS (TCON) is $0.0322 as of December 2, 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)
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United States of America
San Diego