GlycoMimetics, Inc. (GLYC)

$0.8797

+0.03 (+3.65%)
Rating:
Recommendation:
Buy
Symbol GLYC
Price $0.8797
Beta 1.844
Volume Avg. 0.14M
Market Cap 46.117M
Shares () -
52 Week Range 0.51-2.5
1y Target Est -
DCF Unlevered GLYC DCF ->
DCF Levered GLYC LDCF ->
ROE -42.37% Strong Sell
ROA -49.17% Strong Sell
Operating Margin -
Debt / Equity 16.72% Neutral
P/E -
P/B 0.83 Buy
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Ms. Rachel King
Healthcare
Biotechnology
NASDAQ Global Market

GlycoMimetics, Inc., a clinical-stage biotechnology company, focuses on the discovery and development of novel glycomimetic drugs to address unmet medical needs resulting from diseases in the United States. It is developing uproleselan, an E-selectin inhibitor, which is used in combination with chemotherapy to treat acute myeloid leukemia (AML), as well as in phase 3 trial to treat relapsed/refractory AML. In addition, the company is developing GMI-1359, which targets e-selectin and a chemokine receptor for the treatment of cancers that affect the bone and bone marrow, including solid tumors. It also develops various other programs, including GMI-1687, an antagonist of E-selectin to treat vaso-occlusive crisis; and galectin-3 antagonists, a carbohydrate-binding protein. The company has a cooperative research and development agreement with the National Cancer Institute; and a collaboration and license agreement with Apollomics (Hong Kong) Limited for the development and commercialization of uproleselan and GMI-1687. GlycoMimetics, Inc. was incorporated in 2003 and is headquartered in Rockville, Maryland.