GlycoMimetics To Merge with Crescent Biopharma, Secures $200M Funding To Advance Oncology Pipeline

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GlycoMimetics, Inc.

GLYC

0.16

Delist

Following closing, the combined company will advance Crescent's portfolio of precision-engineered biologics to improve outcomes for patients with solid tumors
Crescent's lead program CR-001, a tetravalent PD-1 x VEGF bispecific antibody incorporating the cooperative binding mechanism underpinning recent immuno-oncology breakthrough, expected to have preliminary proof of concept data in 2H26
Crescent pipeline also includes two novel antibody-drug conjugates with topoisomerase inhibitor payloads, CR-002 and CR-003
Concurrent financing of approximately $200 million anticipated to fund operations through 2027
Companies to hold a conference call on Tuesday October 29, at 8:00am EDT

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