GlycoMimetics (NASDAQ: GLYC) is a clinical-stage biotechnology company focused on the discovery and development of novel glycomimetic drugs to address unmet medical needs resulting from diseases in which carbohydrate biology plays a key role. GlycoMimetics’ most advanced drug candidate, rivipansel, is being developed for the treatment of vaso-occlusive crisis in sickle cell disease and is being evaluated in a phase 3 clinical trial being conducted by the company’s strategic collaborator, Pfizer. The company’s wholly-owned drug candidate, GMI-1271, was evaluated in a phase 1/2 clinical trial as a potential treatment for AML and is currently being evaluated in a phase 1 clinical trial for the treatment of multiple myeloma. The FDA recently granted GMI-1271 Breakthrough Therapy designation for the treatment of adult AML patients with relapsed/refractory disease. GlycoMimetics has also recently initiated a phase 1 clinical trial with a third drug candidate, GMI-1359, a combined CXCR4 and E-selectin antagonist. For more information, visit the company’s website at www.glycomimetics.com.
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