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TCON - TRACON Pharma launches $8.8M direct offering
TRACON Pharmaceuticals Inc.
TRACON Pharmaceuticals (TCON) inks securities purchase agreement with investors for the sale of 1.1M shares of common stock in a registered direct offering at $8.06/share, for expected gross proceeds of $8.8M. Net proceeds will be used to fund the ENVASARC study of envafolimab in sarcoma, further business development efforts, and for working capital and general corporate purposes.Closing date is December 22.