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GlycoMimetics collects $15M from Pfizer collaboration – Washington Business Journal

By May 21, 2014No Comments
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Also this week in Pfizer-related Maryland biotech news: Gaithersburg-based GlycoMimetics Inc. collected a $15 million payment from the pharma giant stemming from its license agreement for the sickle cell anemia drug rivipansel.

GlycoMimetics in 2011 inked the Pfizer partnership, worth up to $340 million, to develop rivipansel (then just called GMI-1070) as a treatment for a complication of sickle cell disease called vaso-occlusive crisis.

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