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Wednesday, February 15, 2023

GlycoMimetics to Continue Phase 3 Study of E-selectin Antagonist in Relapsed/Refractory AML

 

  • Independent Data Monitoring Committee recommended pivotal Phase 3 study continue to the originally planned final overall survival events trigger and expressed no concerns about safety
  • Interim utility analysis was conducted using a very high statistical threshold to preserve the integrity of the originally planned final analysis
  • Review of blinded pooled data shows patients continue to live longer than historical benchmarks; final survival event trigger now expected within first half of 2024
  • Company raised $32.9 million net proceeds via ATM facility, extending cash runway into Q4 2024

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