Glycotex Inc. Receives $0.5 Million From Second Tranche of Private Share Placement  
1/16/2008 8:52:58 AM

WASHINGTON, DC--(Marketwire - January 16, 2008) - Glycotex, Inc. announced that it had received approximately $0.5 million from the second tranche of a private share placement. These funds are in addition to the $1.6 million received in the first tranche of the private share placement in February 2007.