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Syndax Pharmaceuticals, Inc. - SNDX STOCK NEWS

Welcome to our dedicated page for Syndax Pharmaceuticals news (Ticker: SNDX), a resource for investors and traders seeking the latest updates and insights on Syndax Pharmaceuticals stock.

Syndax Pharmaceuticals, Inc. (symbol: SNDX) is a clinical-stage biopharmaceutical company headquartered in Waltham, Massachusetts. Dedicated to the development of combination therapies, the company primarily focuses on innovative treatments for various cancer indications.

Syndax's pipeline is rich with promising drugs aimed at improving the lives of cancer patients. The company's leading candidates include entinostat, an agent that targets both cancer cells and immune regulatory cells, and revumenib, a selective inhibitor of the menin-KMT2A binding interaction. This agent is particularly geared towards addressing acute leukemias such as KMT2A-rearranged (KMT2Ar) and NPM1-mutant acute myeloid leukemia (AML). Another notable product in development is axatilimab, a monoclonal antibody designed to enhance the immune response against tumors through CSF-1R inhibition.

Syndax operates primarily within the United States and has achieved several milestones. Recently, the company completed enrollment in the pivotal AUGMENT-101 trial for revumenib targeting relapsed/refractory mutant nucleophosmin (mNPM1) AML. The trial aims to evaluate revumenib's safety, tolerability, and efficacy, with topline data expected by the end of 2024. Positive results from this trial could support new drug applications in early 2025.

Revumenib has achieved several regulatory designations, including Orphan Drug, Fast Track, and Breakthrough Therapy by the FDA, reflecting its potential to address unmet clinical needs in leukemias. Syndax has also reported encouraging outcomes from its studies, including high response rates and favorable safety profiles in both adult and pediatric populations suffering from acute leukemia.

Financially, Syndax maintains a robust position to advance its clinical programs. The company regularly updates stakeholders through earnings calls and investor presentations, with a recent update scheduled for May 2024. Syndax's progress is further bolstered by strategic partnerships and collaborations that support its mission to innovate and deliver significant value to patients and shareholders alike.

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Syndax Pharmaceuticals (SNDX) will report its Q4 and year-end 2023 financial results and provide a business update on February 27, 2024. A conference call and webcast will be held to discuss the financial results and business developments.
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Syndax Pharmaceuticals (SNDX) announced the granting of inducement awards to purchase up to 127,300 shares of common stock to eight new employees under the Company's 2023 Inducement Plan. The stock options will vest over four years, with 25% of the underlying shares vesting on the one-year anniversary of the vesting commencement date and 1/48th of the underlying shares vesting monthly thereafter over 36 months, subject to the employee's continued service relationship with Syndax through the applicable vesting dates.
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Syndax Pharmaceuticals (SNDX) will participate in two upcoming investor conferences, the Guggenheim 6th Annual Biotechnology Conference and the Citi 2024 Virtual Oncology Leadership Summit. The management team will engage in fireside chats on February 8th and February 21st, 2024, respectively. The live webcast of the events can be accessed from the Investor section of the Company's website at www.syndax.com.
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Syndax Pharmaceuticals (Nasdaq: SNDX) announces the grant of inducement awards to a new employee under the 2023 Inducement Plan, allowing the purchase of up to 8,600 shares of common stock. The stock options will vest over four years, subject to the employee's continued service relationship with Syndax.
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Syndax Pharmaceuticals (Nasdaq: SNDX) will present at the 42nd Annual J.P. Morgan Healthcare Conference on January 8, 2024. The CEO, Michael A. Metzger, will discuss the company's innovative pipeline of cancer therapies. The event will be live webcasted and a replay will be available on the company's website.
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Syndax Pharmaceuticals (Nasdaq: SNDX) highlights recent updates and anticipated 2024 milestones, including the submission of BLA for axatilimab in chronic graft-versus-host disease, NDA for revumenib in R/R KMT2Ar acute leukemia, and completion of a $230 million follow-on offering in December extending the runway through 2026.
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Syndax Pharmaceuticals, Inc. (Nasdaq: SNDX) closed a public offering of 12,432,431 shares of common stock, generating approximately $230.0 million in gross proceeds. The company now has 84,809,736 shares issued and outstanding as of December 19, 2023.
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Syndax Pharmaceuticals, Inc. (SNDX) has announced the pricing of an underwritten public offering of 10,810,810 shares of its common stock at $18.50 per share. The aggregate gross proceeds from this offering are expected to be approximately $200.0 million. The offering is expected to close on December 19, 2023. Goldman Sachs & Co. LLC, J.P. Morgan, TD Cowen, and Stifel are acting as joint book-running managers for the offering.
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Syndax Pharmaceuticals, Inc. (Nasdaq: SNDX) plans to offer $150 million of common stock in an underwritten public offering, with an option for underwriters to purchase an additional 15%. The shares will be sold by Syndax and offered pursuant to an automatically effective 'shelf' registration statement previously filed with the SEC. Goldman Sachs & Co. LLC, J.P. Morgan, TD Cowen, and Stifel are acting as joint book-running managers for the offering.
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Syndax Pharmaceuticals (SNDX) presented positive data from the pivotal AUGMENT-101 trial of revumenib at the 65th American Society of Hematology Annual Meeting. The trial met its primary endpoint, with a 63% overall response rate and a median overall survival of 8.0 months. The safety profile was favorable, and responses were observed across all major subgroups.
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FAQ

What is the current stock price of Syndax Pharmaceuticals (SNDX)?

The current stock price of Syndax Pharmaceuticals (SNDX) is $16.11 as of November 18, 2024.

What is the market cap of Syndax Pharmaceuticals (SNDX)?

The market cap of Syndax Pharmaceuticals (SNDX) is approximately 1.4B.

What does Syndax Pharmaceuticals, Inc. specialize in?

Syndax Pharmaceuticals specializes in developing combination therapies for various cancer indications, focusing on innovative treatments for acute leukemias and other cancers.

What are Syndax's key product candidates?

Key product candidates include entinostat, revumenib, and axatilimab, targeting cancer cells, immune regulatory cells, and enhancing immune responses against tumors.

Where is Syndax Pharmaceuticals located?

Syndax Pharmaceuticals is headquartered at 35 Gatehouse Dr., Building D, Floor 3, Waltham, MA 02451, USA.

What recent milestones has Syndax Pharmaceuticals achieved?

Syndax recently completed enrollment in the pivotal AUGMENT-101 trial for revumenib targeting relapsed/refractory mutant nucleophosmin (mNPM1) AML and expects topline data by the end of 2024.

What is the significance of revumenib?

Revumenib is a selective inhibitor of the menin-KMT2A binding interaction, showing promise in treating acute leukemias such as KMT2A-rearranged and NPM1-mutant AML.

Has revumenib received any special designations?

Yes, revumenib has received Orphan Drug, Fast Track, and Breakthrough Therapy designations from the FDA, highlighting its potential to address significant unmet medical needs.

How does Syndax Pharmaceuticals maintain its financial health?

Syndax maintains a robust financial position by regularly updating stakeholders, engaging in strategic partnerships, and advancing its clinical programs efficiently.

What upcoming events is Syndax participating in?

Syndax's CEO will participate in a fireside chat at the Stifel 2024 Virtual Targeted Oncology Forum on April 17, 2024, at 11:00 a.m. ET.

Where can I find more information about Syndax's clinical trials?

Detailed information about Syndax's clinical trials is available on the company's website and in their investor presentations and press releases.

How can I contact Syndax Pharmaceuticals?

You can contact Syndax Pharmaceuticals through Sharon Klahre at sklahre@syndax.com or by calling 781.684.9827.

Syndax Pharmaceuticals, Inc.

Nasdaq:SNDX

SNDX Rankings

SNDX Stock Data

1.42B
85.36M
0.81%
107.01%
12.35%
Biotechnology
Pharmaceutical Preparations
Link
United States of America
WALTHAM