...unit granted Tracon exclusive, worldwide development rights to TRC253 (formerly JNJ-63576253 ) and TRC694 (formerly JNJ-64290694... ...to reacquire TRC694 up through completion of a proof-of-concept trial. If Tracon continues development of TRC694... ...eligible for up to $60 million in development and regulatory milestones, plus low single-digit royalties. TRC694...