other material
confidence medium
sentiment neutral
materiality 0.40
GlycoMimetics signs commercial manufacturing deal with Thermo Fisher's Patheon for uproleselan
CRESCENT BIOPHARMA, INC.
- Agreement covers commercial supply of injectable uproleselan if FDA approves the drug.
- Initial term through Dec 31, 2026, auto-renews for 3-year periods unless terminated.
- Company provides API; Patheon supplies other raw materials, packaging, and QC testing.
- Company gave Patheon a forecast of required annual volumes through 2027.
- Either party may terminate after initial term with 18 months' notice; termination fees apply.