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GlycoMimetics, Inc.

GlycoMimetics, Inc. Commences Phase 1 Clinical Trial of Lead Drug Candidate

Published in Healthcare Finance, Tax and Law Weekly, September 17th, 2008

GlycoMimetics, Inc., a privately held company developing a new class of glycobiology-based therapies for a broad range of indications, announced it has initiated a Phase 1 clinical trial for GMI-1070, its lead drug candidate for the treatment of vaso-occlusive crisis of sickle cell disease.

"We are pleased to advance our lead drug candidate into clinical trials," said Rachel King, Chief Executive Officer of GlycoMimetics. "GMI-1070 possesses excellent drug-like properties and has demonstrated potency in pre-clinical studies of vaso-occlusive crisis as well as in other disease indications."

The Phase 1 trial will evaluate the safety and...

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