TRACON Pharmaceuticals (TCON) Drops on Trial Data; Societe Generale Ups View on Bombardier (BDRBF)

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Shares of TRACON Pharmaceuticals Inc. (Nasdaq:TCON) fell more than 8% in the extended session Thursday after the company said that data from a Phase 2 study showed that a combination of its endoglin antibody TRC105 with Avastin (bevacizumab) did not perform significantly better than Avastin alone for progression-free survival in patients with recurrent glioblastoma.

TCON stock closed at $4.85, down $0.05 (-1.02%) with a total volume of 51,178 shares traded during the day.

TRACON Pharmaceuticals, which develops targeted therapies for cancer, ophthalmic and fibrotic diseases, has 13.07M shares outstanding and TCON stock 52-week range is between $4.00 and $7.90 per share. At close on Friday, the biopharmaceutical company a market capitalization of $78.82M

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Analysts at Societe Generale upgraded Bombardier, Inc. (OTCMKTS:BDRBF) shares from a Sell to a Hold rating.

The Government of Canada said a couple days ago that it will provide Bombardier $372.5 million in loans over four years to fund research and development for the company’s Global 7000 and CSeries aircraft projects.

BDRBF stock finished at $1.95 and 49,316 of its shares changed hands on Thursday.

Bombardier, which manufactures and sells transportation equipment worldwide, has 1.91B shares outstanding, market capitalization (intraday) of $4.43B and BDRBF stock one-year range is from $0.55 to $2.12 per share

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