BRIEF-Glycomimetics Enters Into Acquisition Agreement With Crescent Biopharma

Reuters10-29

Oct 29 (Reuters) - GlycoMimetics Inc :

* GLYCOMIMETICS ENTERS INTO ACQUISITION AGREEMENT WITH CRESCENT BIOPHARMA

* GLYCOMIMETICS INC - CONCURRENT FINANCING OF $200 MILLION ANTICIPATED

* GLYCOMIMETICS INC - STOCKHOLDERS TO OWN APPROXIMATELY 3.1% OF COMBINED COMPANY

* GLYCOMIMETICS INC - CRESCENT STOCKHOLDERS TO OWN APPROXIMATELY 96.9% OF COMBINED COMPANY

Source text: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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