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SAN DIEGO, Dec. 21, 2018 (GLOBE NEWSWIRE) — TRACON Pharmaceuticals (NASDAQ:TCON), a analytic date biopharmaceutical aggregation focused on the development and commercialization of atypical targeted assay for cancer, wet age-related macular decline and fibrotic diseases, today appear that its Phase 2 TRAXAR balloon evaluating TRC105 in aggregate with Inlyta (axitinib) in patients with avant-garde or metastatic renal corpuscle blight did not accommodated the primary endpoint of convalescent progression chargeless adaptation (PFS) in the absorbed to amusement citizenry compared to Inlyta monotherapy.

Prespecified statistical analyses of PFS according to announcement of two claret biomarkers, TGFβ receptor III and osteopontin, additionally did not accomplish statistical significance.  The assurance contour empiric in TRAXAR was constant with that empiric in ahead appear studies of TRC105 in aggregate with VEGF inhibitors.

TRACON will assignment with board to appropriately achieve the abstraction in a address constant with the best interests of anniversary patient. Abstracts from this abstraction will be analyzed and submitted for presentation at an accessible accurate congress.

“We are aghast that TRC105 in aggregate with Inlyta did not authenticate clinically allusive ability in patients with avant-garde or metastatic renal corpuscle carcinoma. Importantly, abstracts from TRAXAR, including analyses of an all-encompassing biomarker panel, will accord to our compassionate of the role of endoglin inhibition in aggregate with VEGF inhibitors, and may acquaint our ample TRC105 analytic development program,” said Charles Theuer, M.D., Ph.D., President and CEO of TRACON. “We abide focused on the acting assay to actuate the final sample admeasurement of the Phase 3 TAPPAS balloon of TRC105 and Votrient in angiosarcoma, which is accepted in the aboriginal division of 2019.”

About the TRAXAR balloon in Avant-garde or Metastatic Renal Corpuscle Carcinoma

The TRAXAR balloon compared analysis with TRC105 and Inlyta to analysis with distinct abettor Inlyta in 150 patients with avant-garde or metastatic renal corpuscle blight with a bright corpuscle component.  Patients were randomized in according numbers and the primary endpoint was progression chargeless adaptation by RECIST 1.1. Key accessory endpoints included cold acknowledgment rate, assurance and tolerability.

About Carotuximab (TRC105)

TRC105 is a novel, analytic date antibiotic to endoglin, a protein overexpressed on proliferating endothelial beef that is capital for angiogenesis, the action of new claret barge formation. TRC105 is currently actuality advised in a cardinal Phase 3 balloon in angiosarcoma and assorted Phase 2 analytic trials, in aggregate with VEGF inhibitors, as able-bodied as in a Phase 1 balloon with Opdivo. TRC105 has accustomed drop appellation for the analysis of bendable tissue bump in both the U.S. and EU. The ophthalmic conception of TRC105, DE-122, is currently in a randomized Phase 2 balloon for patients with wet AMD. For added advice about the analytic trials, amuse appointment TRACON’s website at Media

About TRACON

TRACON develops targeted therapies for blight and ophthalmic diseases. The Company’s clinical-stage activity includes: TRC105, an endoglin antibiotic that is actuality developed for the analysis of assorted cancers; DE-122, the ophthalmic conception of TRC105 that is actuality developed in wet AMD through a accord with Santen Pharmaceutical Aggregation Ltd.; TRC102, a baby atom actuality developed for the analysis of lung blight and glioblastoma; and TRC253, a baby atom actuality developed for the analysis of prostate cancer. TRACON is actively gluttonous added accumulated partnerships whereby it leads authoritative and analytic development, and shares in the amount and accident of analytic development and commercialization of new artefact candidates. In these partnerships TRACON believes it can serve as a band-aid for companies afterwards analytic and bartering capabilities in the United States. To apprentice added about TRACON and its artefact candidates, appointment TRACON’s website at Media

Forward-Looking Statements

Statements fabricated in this columnist absolution apropos affairs that are not absolute facts are “forward-looking statements” aural the acceptation of the Private Securities Litigation Reform Act of 1995. Because such statements are accountable to risks and uncertainties, absolute after-effects may alter materially from those bidding or adumbrated by such forward‐looking statements. Such statements include, but are not bound to, statements apropos TRACON’s affairs to added advance its artefact candidates, expectations apropos the timing and ambit of analytic trials and availability of analytic data, accepted development milestones, and abeyant account of TRACON’s artefact candidates. Risks that could account absolute after-effects to alter from those bidding in these forward‐looking statements include: risks associated with analytic development; whether TRACON or others will be able to complete or admit analytic trials on TRACON’s accepted timelines, if at all; the actuality that approaching preclinical studies and analytic trials may not be acknowledged or contrarily constant with after-effects from above-mentioned studies; the actuality that TRACON has bound ascendancy over whether or back third affair collaborators complete on-going trials or admit added trials of TRACON’s artefact candidates; the actuality that TRACON’s accord agreements are accountable to aboriginal termination; abeyant changes in authoritative requirements in the United States and adopted countries; TRACON’s assurance on third parties for the development of its artefact candidates, including the conduct of its analytic trials and accomplish of its artefact candidates; whether TRACON will be able to access added financing; the achievability of abrupt costs or added uses of TRACON’s banknote resources; and added risks declared in TRACON’s filings with the Securities and Exchange Commission beneath the branch “Risk Factors”. All forward‐looking statements independent in this columnist absolution allege alone as of the date on which they were fabricated and are based on management’s assumptions and estimates as of such date. TRACON undertakes no obligation to amend such statements to reflect contest that action or affairs that abide afterwards the date on which they were made.

Aggregation Contact:   Investor Contact:Mark Wiggins   Andrew McDonaldChief Business Officer    LifeSci Advisors LLC(858) 550‐0780 ext. Media

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