March 23, 2018 / 1:53 PM / 9 months ago

BRIEF-TRACON Pharmaceuticals Announces $38.7 Million Private Placement

March 23 (Reuters) - Tracon Pharmaceuticals Inc:

* TRACON PHARMACEUTICALS ANNOUNCES $38.7 MILLION PRIVATE PLACEMENT

* TRACON PHARMACEUTICALS - FINANCING LED BY PUISSANCE CAPITAL MANAGEMENT, PARTICIPATION FROM NEW ENTERPRISE ASSOCIATES, 683 CAPITAL PARTNERS, OTHERS

* TRACON PHARMACEUTICALS -‍ EXPECTS TO APPOINT TED WANG, CHIEF INVESTMENT OFFICER OF PUISSANCE CAPITAL MANAGEMENT TO BOARD FOLLOWING CLOSE

* TRACON PHARMACEUTICALS INC - ‍ TO USE PROCEEDS TO FUND DEVELOPMENT OF TRC105, TO CONTINUE DEVELOPMENT OF OTHER ASSETS SUCH AS TRC253​ Source text for Eikon: Further company coverage:

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