GlycoMimetics Reports Program Updates and Third Quarter 2017 Results

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Glycomimetics (GLYC) PT Lowered to $15 at Jefferies; Reiterates Buy

November 9, 2017 8:55 AM EST

Jefferies lowered its price target on Glycomimetics (NASDAQ: GLYC) to $15.00 (from $16.00) while maintaining a Buy rating following the company's 3Q earnings report and pipeline update. GLYC reported GAAP EPS of ($0.24) vs consensus of ($0.28), reflecting lower R&D costs than previously... More