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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. The company's clinical stage products also include TRC102, a small molecule that is in Phase II clinical trial for the treatment of mesothelioma, and in Phase I clinical trial to treat solid tumors, lung cancer, and glioblastoma; and TJ004309, a CD73 antibody that is in Phase I clinical development for the treatment of solid tumors. In addition, it is developing bispecific antibodies, which are in preclinical stage. It has collaboration and license agreements with 3D Medicines Co., Ltd. and Jiangsu Alphamab Biopharmaceuticals Co., Ltd. for the development of envafolimab; I-Mab Biopharma for the development of CD73 antibody TJ004309 and bispecific antibodies; and cooperative research and development agreement with National Cancer Institute. The company was formerly known as Lexington Pharmaceuticals, Inc. and changed its name to TRACON Pharmaceuticals, Inc. in March 2005. TRACON Pharmaceuticals, Inc. was incorporated in 2004 and is headquartered in San Diego, California.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
TRACON Pharmaceuticals Inc is a clinical-stage biopharmaceutical company developing therapeutics in oncology and ophthalmology. Long-term growth may be driven by clinical trial progress, regulatory milestones, licensing or partnership agreements and eventual product commercialization, and investors may find the company attractive for its focused pipeline and potential milestone-driven upside.
Principal risks include the high probability of clinical or regulatory setbacks, ongoing capital requirements that could dilute shareholders, limited trading liquidity on the OTCQB, and strong competitive and intellectual property pressures.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Income before tax | -3.59M | -29.14M | -28.67M | -16.77M | -22.67M |
| Net income | -3.59M | -29.31M | -28.73M | -17.33M | -22.66M |
| Selling general administrative | 6.67M | 14.01M | 17.55M | 8.03M | 7.77M |
| Gross profit | 12.03M | - | 0.35M | - | -14.53M |
| Reconciled depreciation | 0.04M | 0.07M | -0.06M | -0.01M | 0.02M |
| Ebit | -6.90M | -27.96M | -28.29M | -16.22M | -22.31M |
| Ebitda | -6.88M | -27.89M | -28.35M | -16.23M | -22.30M |
| Depreciation and amortization | 0.01M | 0.07M | -0.06M | -0.01M | 0.02M |
| Non operating income net other | - | - | - | -0.01M | 0.01M |
| Operating income | -6.90M | -27.89M | -28.35M | -16.22M | -22.30M |
| Other operating expenses | 18.94M | 27.89M | 28.69M | 16.22M | 22.30M |
| Interest expense | 7.30M | 0.99M | 0.32M | 0.55M | 0.39M |
| Interest income | - | - | - | - | 0.39M |
| Net interest income | -8.26M | -0.99M | -0.32M | -0.55M | -0.39M |
| Income tax expense | -0.15M | 0.18M | 0.06M | 0.55M | -0.02M |
| Total revenue | 12.04M | 0.00M | 0.35M | 0.00M | 0.00M |
| Total operating expenses | 18.93M | 27.89M | 28.69M | 16.22M | 22.30M |
| Cost of revenue | 0.01M | - | - | - | 14.53M |
| Total other income expense net | 3.31M | -1.24M | -0.32M | -0.55M | -0.38M |
| Net income from continuing ops | -11.02M | -29.14M | -28.67M | -16.77M | -22.67M |
| Net income applicable to common shares | - | -29.14M | -28.67M | -16.77M | -22.67M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 10.11M | 19.47M | 26.56M | 37.44M | 18.12M |
| Other current assets | 0.53M | 0.80M | 0.86M | 0.78M | 0.85M |
| Total liab | 10.91M | 26.62M | 14.84M | 12.37M | 15.42M |
| Total stockholder equity | -0.81M | -7.15M | 11.71M | 25.07M | 2.70M |
| Other current liab | 7.40M | 8.64M | 7.34M | 5.68M | 9.23M |
| Common stock | 0.04M | 0.02M | 0.02M | 0.01M | 0.00M |
| Capital stock | 0.04M | 0.02M | 0.02M | 0.01M | 0.00M |
| Retained earnings | -240.50M | -236.91M | -207.78M | -179.11M | -162.33M |
| Other liab | - | 3.28M | 1.17M | 0.43M | 0.28M |
| Other assets | - | 0.07M | 1.62M | 0.51M | 0.84M |
| Cash | 8.56M | 17.43M | 24.07M | 32.13M | 16.41M |
| Total current liabilities | 10.18M | 22.37M | 13.68M | 10.54M | 11.83M |
| Net debt | -7.60M | -7.63M | -22.68M | -27.60M | -11.07M |
| Short term debt | 0.24M | 9.81M | 1.39M | 3.14M | 2.60M |
| Short long term debt | - | 9.81M | 1.39M | 2.72M | 2.60M |
| Short long term debt total | 0.97M | 9.81M | 1.39M | 4.53M | 5.34M |
| Other stockholder equity | 239.65M | 229.74M | 219.47M | 204.17M | 165.03M |
| Property plant equipment | - | 1.17M | 0.05M | 0.02M | 0.02M |
| Total current assets | 9.09M | 18.23M | 24.94M | 36.91M | 17.26M |
| Net tangible assets | - | -7.15M | 11.71M | 25.07M | 2.70M |
| Short term investments | - | - | 0.00M | 4.00M | 0.00M |
| Long term debt | - | - | - | 1.39M | 2.74M |
| Accounts payable | 2.54M | 3.92M | 4.94M | 1.73M | 1.35M |
| Accumulated other comprehensive income | - | - | - | - | -0.15M |
| Common stock total equity | - | - | - | 0.01M | 0.00M |
| Retained earnings total equity | - | - | - | -179.11M | -162.33M |
| Non currrent assets other | 0.98M | 1.19M | 1.57M | 0.51M | 0.84M |
| Non current assets total | 1.01M | 1.24M | 1.62M | 0.52M | 0.86M |
| Capital lease obligations | 0.24M | 0.20M | 0.15M | 0.42M | - |
| Long term debt total | - | - | - | 1.39M | 2.74M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | -0.00M | -0.02M | 4.00M | -4.00M | 14.02M |
| Change to liabilities | - | -0.23M | 4.68M | 0.23M | -0.11M |
| Total cashflows from investing activities | - | -0.02M | 3.95M | -4.00M | 14.02M |
| Net borrowings | - | 8.28M | -2.80M | -1.40M | -1.40M |
| Total cash from financing activities | -12.54M | 19.68M | 10.56M | 36.76M | 0.91M |
| Change to operating activities | - | -0.01M | -0.14M | 0.30M | 0.54M |
| Net income | -3.59M | -29.14M | -28.67M | -16.77M | -22.67M |
| Change in cash | -8.86M | -6.57M | -8.06M | 15.72M | -8.72M |
| Begin period cash flow | 17.50M | 24.07M | 32.13M | 16.41M | 25.14M |
| End period cash flow | 8.64M | 17.50M | 24.07M | 32.13M | 16.41M |
| Total cash from operating activities | 3.68M | -26.24M | -22.57M | -17.04M | -23.65M |
| Issuance of capital stock | 8.06M | 7.88M | 13.21M | 38.16M | 2.29M |
| Depreciation | 0.01M | 0.07M | -0.06M | -0.01M | 0.02M |
| Other cashflows from investing activities | - | - | - | - | 14.02M |
| Sale purchase of stock | - | - | - | - | 0.03M |
| Other cashflows from financing activities | 0.04M | 13.48M | 0.15M | 0.00M | 0.01M |
| Change to netincome | - | 2.68M | 1.52M | 1.28M | 1.86M |
| Capital expenditures | 0.00M | 0.02M | 0.05M | 0.01M | 0.01M |
| Cash flows other operating | - | - | - | -1.84M | -2.78M |
| Cash and cash equivalents changes | - | - | - | 15.72M | -8.72M |
| Change in working capital | -0.76M | -0.24M | 4.54M | -1.58M | -2.88M |
| Stock based compensation | 1.97M | 2.04M | 1.77M | 1.03M | 1.62M |
| Other non cash items | 6.06M | 1.02M | -0.16M | 0.29M | 0.32M |
| Free cash flow | 3.68M | -26.26M | -22.62M | -17.05M | -23.65M |
Sector: Healthcare Industry: Biotechnology
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Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| NVO Novo Nordisk A/S |
-0.68 1.64% |
40.70 | 41.58 | 31.15 | 2.13 | 32.99 | 2.11 | 4.70 |
| VRTX Vertex Pharmaceuticals Inc |
-3.02 0.55% |
547.85 | 30.22 | 24.27 | 10.36 | 6.50 | 9.99 | 24.66 |
| REGN Regeneron Pharmaceuticals Inc |
- -% |
916.06 | 29.07 | 20.12 | 7.57 | 3.82 | 6.95 | 19.42 |
| ARGNF argenx SE |
- -% |
900.30 | 45.77 | 31.25 | 13.84 | 7.12 | 11.38 | 36.06 |
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. The company's clinical stage products also include TRC102, a small molecule that is in Phase II clinical trial for the treatment of mesothelioma, and in Phase I clinical trial to treat solid tumors, lung cancer, and glioblastoma; and TJ004309, a CD73 antibody that is in Phase I clinical development for the treatment of solid tumors. In addition, it is developing bispecific antibodies, which are in preclinical stage. It has collaboration and license agreements with 3D Medicines Co., Ltd. and Jiangsu Alphamab Biopharmaceuticals Co., Ltd. for the development of envafolimab; I-Mab Biopharma for the development of CD73 antibody TJ004309 and bispecific antibodies; and cooperative research and development agreement with National Cancer Institute. The company was formerly known as Lexington Pharmaceuticals, Inc. and changed its name to TRACON Pharmaceuticals, Inc. in March 2005. TRACON Pharmaceuticals, Inc. was incorporated in 2004 and is headquartered in San Diego, California.
4350 La Jolla Village Drive, San Diego, CA, United States, 92122
858 550 0780
17
| Name | Title | Year Born |
|---|---|---|
| Dr. Charles P. Theuer M.D., Ph.D. | CEO, Pres & Director | 1964 |
| Mr. Scott B. Brown CPA, M.S. | Chief Financial Officer | 1981 |
| Ms. Bonne Adams | Exec. VP of Clinical Operations | 1977 |
| Mr. Shahe Garabedian | Sr. VP & Head of Quality Assurance | NA |
| Dr. James L. Freddo | Chief Medical Officer | 1955 |
| Mr. Ya Huang | Exec. Director of Statistical Programming | NA |
| Dr. Brenda Marczi Pharm.D., Pharmd Mba | Sr. VP of Regulatory Affairs | NA |
| Dr. Charles P. Theuer M.D., Ph.D. | Chairman, CEO & President | 1964 |
| Mr. Ya Huang | Executive Director of Statistical Programming | NA |
| Mr. Craig R. Jalbert CIRA | CEO, President, Treasurer, Secretary & Director | 1962 |
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