StockNews.com Initiates Coverage on TRACON Pharmaceuticals (NASDAQ:TCON)

StockNews.com assumed coverage on shares of TRACON Pharmaceuticals (NASDAQ:TCON) in a report issued on Thursday. The brokerage issued a hold rating on the biopharmaceutical company’s stock.

TRACON Pharmaceuticals Price Performance

Shares of TRACON Pharmaceuticals stock opened at $0.03 on Thursday. The business has a fifty day simple moving average of $0.08 and a 200-day simple moving average of $0.54. The firm has a market cap of $107,585.50, a price-to-earnings ratio of 0.01 and a beta of 1.43. TRACON Pharmaceuticals has a fifty-two week low of $0.00 and a fifty-two week high of $14.75.

About TRACON Pharmaceuticals

TRACON Pharmaceuticals, Inc, a biopharmaceutical company, focuses on the development and commercialization of novel targeted therapeutics for cancer in the United States. Its clinical stage products include envafolimab (KN035), a PD-L1 single-domain antibody for the treatment of refractory soft tissue sarcoma; and YH001, an investigational humanized cytotoxic T-lymphocyte-associated protein 4 IgG1 monoclonal antibody that is in Phase I clinical trial for the treatment of various cancer indications.