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GlycoMimetics closes upsized common stock offering

GlycoMimetics Inc. closed its underwritten public offering of 8,050,000 common shares, priced $11.50 apiece, for gross proceeds of about $92.6 million.

Shares sold include the full exercise of the underwriters' option to buy up to an additional 1,050,000 shares.

The company initially offered 7 million common shares.

Jefferies LLC and Cowen acted as joint book-running managers for the offering. SunTrust Robinson Humphrey Inc. acted as lead manager for the offering.