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Document and Entity Information - USD ($) $ in Millions | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2019 | Feb. 26, 2020 | Jun. 28, 2019 | |
Document and Entity Information | |||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2019 | ||
Entity Registrant Name | GLYCOMIMETICS INC | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 399.5 | ||
Entity Common Stock, Shares Outstanding | 43,582,979 | ||
Document Fiscal Year Focus | 2019 | ||
Document Fiscal Period Focus | FY | ||
Entity Central Index Key | 0001253689 | ||
Current Fiscal Year End Date | --12-31 | ||
Amendment Flag | false |
Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/1253689/000155837020001723/glyc-20191231x10k.htm
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Glycomimetics Inc.
Glycomimetics Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:
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We received an upfront cash payment of $9.0 million and, subject to the terms of the agreement, will be eligible to receive potential milestone payments totaling approximately $180.0 million, as well as tiered royalties ranging from the high single digits to 15%, as a percentage of net sales.
In assessing cash used in operating activities, we consider several principal factors: (i) net loss for the period; (ii) adjustments for non-cash charges including stock-based compensation expense and depreciation and amortization of property and equipment; and (iii) the extent to which receivables, accounts payable and other liabilities, or other working capital components increase or decrease.
Non-refundable advance clinical payments for goods or services that will be used or rendered for future research and development activities are recorded as a prepaid asset and recognized as expense as the related goods are delivered or the related services are performed.
At contract inception, once the contract is determined to be within the scope of Topic 606, we assess the goods or services promised within each contract and identify, as a performance obligation, and assess whether each promised good or service is distinct.
Clinical development expenses increased by $6.4 million, primarily as a result of increased clinical costs related to our ongoing global Phase 3 clinical trial of uproleselan in individuals with relapsed/refractory AML and the Phase 2/3 clinical trial being conducted by the NCI, which opened for enrollment in early 2019.
In March 2016, we entered...Read more
Research and development costs consist...Read more
The following table sets forth...Read more
Legal expenses increased due to...Read more
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Interest income increased by $266,000...Read more
To date, we have financed...Read more
As of December 31, 2019,...Read more
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Expected Dividend Yield?We have assumed...Read more
Personnel-related and stock-based compensation expenses...Read more
The foregoing table does not...Read more
Personnel-related and stock-based compensation expenses...Read more
Effective January 1, 2018, we...Read more
Following the effective date of...Read more
On February 5, 2020, Pfizer...Read more
Royalties: For arrangements that include...Read more
These third-party agreements are generally...Read more
In September 2017, we entered...Read more
In May 2017, the European...Read more
The transaction price is then...Read more
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We expect our research and...Read more
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Our primary uses of capital...Read more
Our initial research and development...Read more
In December 2018, at the...Read more
Under Topic 606, an entity...Read more
Our historical clinical accrual estimates...Read more
While our significant accounting policies...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Glycomimetics Inc provided additional information to their SEC Filing as exhibits
Ticker: GLYC
CIK: 1253689
Form Type: 10-K Annual Report
Accession Number: 0001558370-20-001723
Submitted to the SEC: Fri Feb 28 2020 8:31:37 AM EST
Accepted by the SEC: Fri Feb 28 2020
Period: Tuesday, December 31, 2019
Industry: Pharmaceutical Preparations