Analyst Price Target is $10.00
▲ +484.80% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for GlycoMimetics in the last 3 months. The average price target is $10.00, with a high forecast of $12.00 and a low forecast of $8.00. The average price target represents a 484.80% upside from the last price of $1.71.
Current Consensus is
Buy
The current consensus among 2 investment analysts is to buy stock in GlycoMimetics. This Buy consensus rating has held steady for over two years.
GlycoMimetics, Inc., a clinical-stage biotechnology company, focuses on the discovery and development of glycobiology-based therapies for cancers, including acute myeloid leukemia (AML) and inflammatory diseases with unmet needs in the United States. It is developing uproleselan, an E-selectin antagonist, which is used in combination with chemotherapy to treat AML, as well as in phase 3 trial to treat relapsed/refractory AML. The company also develops various other programs, including GMI-1687, an antagonist of E-selectin to treat vaso-occlusive crisis; and galectin-3 antagonists, a carbohydrate-binding protein. In addition, it is developing GMI-1359, which targets e-selectin and a chemokine receptor for the treatment of cancers that affect the bone and bone marrow, including solid tumors. The company has a cooperative research and development agreement with the National Cancer Institute; and a collaboration and license agreement with Apollomics (Hong Kong) Limited for the development and commercialization of uproleselan and GMI-1687. GlycoMimetics, Inc. was incorporated in 2003 and is headquartered in Rockville, Maryland.
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