BRIEF-TRACON Pharmaceuticals Says ENVASARC Trial ORR Is 5%, Does Not Meet 11% Endpoint

Reuters07-01

July 1 (Reuters) - TRACON Pharmaceuticals Inc :

* TRACON PHARMACEUTICALS ANNOUNCES TERMINATION OF ENVASARC TRIAL AND WILL EXPLORE STRATEGIC ALTERNATIVES LEVERAGING ITS IN-HOUSE PRODUCT DEVELOPMENT PLATFORM

* TRACON PHARMACEUTICALS INC - TO FOCUS ON EXPLORING STRATEGIC ALTERNATIVES

* TRACON PHARMACEUTICALS INC - ENVASARC TRIAL ORR IS 5%, DOES NOT MEET 11% ENDPOINT

* TRACON PHARMACEUTICALS INC - TO REDUCE CASH BURN IMMEDIATELY

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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