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GlycoMimetics Lands $38 Million New Venture Capital

Thursday, October 22, 2009 5:36:00 AM PDT | VentureDeal Staff

Gaithersburg, Maryland  --  Pharmaceutical company GlycoMimetics has secured $38 million in its series A round of institutional venture capital financing.

GlycoMimetics says that it is "developing a new class of glycobiology-based therapies for a broad range of indications."

Investors in the round included Genzyme Ventures, New Enterprise Associates, Novartis Venture Fund, Anthem Capital and Alliance Technology Ventures.

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