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0.0185185185185185 0.0185185185185185 0.0185185185185185 -0.259259259259259 -0.259259259259259 -0.0740740740740741 -0.0762222222222222 -0.0370370370370371
Stock impact report

TRACON Pharmaceuticals Announces $38.7 Million Private Placement

TRACON Pharmaceuticals, Inc. (TCON) 
Last tracon pharmaceuticals, inc. earnings: 2/27 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: traconpharma.com
Company Research Source: GlobeNewswire
SAN DIEGO, March 23, 2018 (GLOBE NEWSWIRE) -- TRACON Pharmaceuticals (NASDAQ:TCON), a clinical stage biopharmaceutical company focused on the development and commercialization of novel targeted therapeutics for cancer and wet age-related macular degeneration, announced today that it has entered into a definitive securities purchase agreement with new and existing investors to raise aggregate gross proceeds of approximately $38.7 million through a private placement of its common stock and warrants. The financing is being led by Puissance Capital Management with participation from certain of TRACON’s existing investors, including New Enterprise Associates and 683 Capital Partners, LP.  Following the close of the private placement, the Company expects to appoint Ted Wang PhD, Chief Investment Officer of Puissance Capital Management, to its Board of Directors. TRACON will sell approximately 13.7 million shares of common stock or, in lieu of common stock, pre-funded warrants to purcha Show less Read more
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