 GlycoMimetics, Inc. the Company NASDAQ:GLYC today announced that the compensation committee of the Companys Board of Directors approved the grant on July 6, 2020 of a non-qualified stock option award to purchase an aggregate of 12,200 shares of its common stock to a new employee. The options were granted as an inducement equity award outside of the Companys 2013 Equity Incentive Plan in accordance with NASDAQ Listing Rule 5635c4, and were made as an inducement material to the acceptance of employment with the Company by the new employee. The options are subject to the terms and conditions of a stock option agreement covering the grant and the GlycoMimetics, Inc. Inducement Plan, which was adopted January 22, 2020 and provides for the granting of stock options to new employees. 