TRACON Pharmaceuticals Announces it Will Wind Down Operations

Core Viewpoint - TRACON Pharmaceuticals has decided to terminate its employees and wind down operations following a special meeting of the board of directors [2]. Company Summary - The board of directors appointed Craig R. Jalbert as the Company's CEO, President, Treasurer, Secretary, and sole member of the board [4]. - Mr. Jalbert has extensive experience in managing distressed businesses and has been involved in wind-down phases for numerous firms [4].