TRACON Pharmaceutical (TCON) Announces Arbitration Award in Dispute with I-Mab (IMAB)
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TRACON Pharmaceuticals Announces Arbitration Award in Dispute with I-Mab
April 25, 2023 7:41 AM EDTSAN DIEGO, April 25, 2023 (GLOBE NEWSWIRE) -- TRACON Pharmaceuticals, Inc. (Nasdaq: TCON), a clinical stage biopharmaceutical company utilizing a cost-efficient, CRO-independent product development platform to advance its pipeline of novel targeted cancer therapeutics and to partner with other life science companies, today announced that the tribunal in the arbitration against I-Mab conducted under the Rules of Arbitration of the International Chamber of Commerce (ICC) rendered an award to TRACON in the aggregate amount of approximately $23.0 million.
In November 2018, TRACON entered into two separate strategic collaboration and clinical trial agreements with... More
