September 16, 2014 7:36 AM ET

Biotechnology

Company Overview of GlycoMimetics, Inc.

Company Overview

GlycoMimetics, Inc., a clinical stage biotechnology company, focuses on the discovery and development of glycomimetic drugs to address unmet medical needs resulting from diseases in the United States. The company develops lead product GMI-1070, a glycomimetic drug candidate that has completed Phase II clinical trials for the treatment of vaso-occlusive crisis, a debilitating and painful condition that occurs periodically throughout the life of a person with sickle cell disease. It also develops GMI-1271, a specific E-selectin antagonist to treat acute myeloid leukemia and other hematologic cancers; and GMI-1051 and other drug candidates for pseudomonas virulence factors. The company has a co...

401 Professional Drive

Suite 250

Gaithersburg, MD 20879

United States

Founded in 2003

27 Employees

Phone:

240-243-1201

Fax:

240-243-1018

Key Executives for GlycoMimetics, Inc.

Founder
Age: 55
Total Annual Compensation: $365.7K
Chief Financial Officer
Age: 40
Total Annual Compensation: $216.7K
Chief Medical Officer and Vice President of Clinical Development
Age: 46
Total Annual Compensation: $337.8K
Chief Scientific Officer
Age: 61
Total Annual Compensation: $293.6K
Compensation as of Fiscal Year 2013.

GlycoMimetics, Inc. Key Developments

BioMed Realty Signs New Lease with GlycoMimetics at its Newly Redeveloped Center for Life Science | Shady Grove Campus in Rockville, Maryland

BioMed Realty Trust, Inc. announced the signing of a new lease with GlycoMimetics, Inc. for one building comprising approximately 33,800 square feet at the Center for Life Science | Shady Grove in Rockville, Maryland. GlycoMimetics will be moving to the Center for Life Science | Shady Grove, a four building campus with approximately 214,700 square feet or laboratory and office space. The campus is located along the I-270 Corridor in Montgomery County, also known as 'DNA Alley,' which supports several large-scale federal government health agencies, including the Food and Drug Administration, the National Institutes of Health, the Department of Homeland Security and the National Cancer Institute. The area is also home to several world-renowned universities and research institutes, including Johns Hopkins University, the University of Maryland and the Howard Hughes Medical Institute. 77 million dollors.

GlycoMimetics, Inc. Reports Unaudited Condensed Financial Results for the Second Quarter and Six Months Ended June 30, 2014

GlycoMimetics, Inc. reported unaudited condensed financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $15.03 million compared to $55,000 a year ago. Income from operations was $8.06 million compared to loss from operations of $3.50 million a year ago. Income and comprehensive income before income taxes was $8.07 million compared to loss and comprehensive loss before income taxes of $3.50 million a year ago. Net income and comprehensive income was $7.99 million or $0.39 per diluted share compared to net loss and comprehensive loss of $3.50 million or $3.70 per diluted share a year ago. For the six months, the company reported revenue of $15.03 million compared to $3.86 million a year ago. Income from operations was $2.96 million compared to loss from operations of $3.04 million a year ago. Income and comprehensive income before income taxes was $2.97 million compared to loss and comprehensive loss before income taxes of $3.04 million a year ago. Net income and comprehensive income was $2.89 million or $0.15 per diluted share compared to net loss and comprehensive loss of $3.04 million or $3.24 per diluted share a year ago.

GlycoMimetics, Inc. Presents at Canaccord Genuity 34th Annual Growth Conference, Aug-14-2014 01:30 PM

GlycoMimetics, Inc. Presents at Canaccord Genuity 34th Annual Growth Conference, Aug-14-2014 01:30 PM. Venue: InterContinental Hotel, 510 Atlantic Avenue, Boston, MA 02210, United States. Speakers: Rachel K. King, Founder, Chief Executive Officer and Director.

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