2020-05-01 07:13:54 GLYC GlycoMimetics
05/01/20 05/0107:13 05/01/2007:13 | GlycoMimetics reports Q1 EPS (18c), consensus (30c)Reports Q1 revenue $9,000 vs. no revenue last year. As of March 31, GlycoMimetics had cash and cash equivalents of $ 154.8M as compared to $158.2M as of December 31, 2019. "During the quarter, patient enrollment continued on track in GlycoMimetics' Phase 3 registration program evaluating uproleselan in relapsed/refractory acute myeloid leukemia (AML) as well as in our collaboration with the National Cancer Institute (NCI) on a multi-center clinical trial evaluating the drug candidate in newly diagnosed patients fit for chemotherapy. Enrollment slowed in April as a result of the COVID-19 pandemic, and we continue to actively monitor the situation. At this time it is too early for us to comment on the potential impact of the pandemic on completion of enrollment in either trial, or the potential impact on cash burn. In addition, we are working closely with Apollomics in the Greater China region to initiate the Apollomics-funded third registration trial for uproleselan," commented Rachel King, CEO. |
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