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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, 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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Syndax Pharmaceuticals (Nasdaq: SNDX) announced positive data from multiple trials of revumenib in combination with standard of care agents in patients with nucleophosmin mutant (mNPM1) and KMT2A-rearranged (KMT2r) relapsed/refractory (R/R) acute leukemias. The combination potential of revumenib with current standard of care agents was highlighted, with significant clinical activity in both frontline and R/R acute myeloid leukemia (AML) settings, as well as in heavily pretreated R/R pediatric AML patients. The trials collectively demonstrate revumenib's potential to safely combine with current standard of care agents across the acute leukemia treatment landscape, positioning it as a cornerstone of treatment for acute leukemia populations.
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Incyte (Nasdaq:INCY) and Syndax Pharmaceuticals (Nasdaq:SNDX) announced the successful results from the Phase 2 AGAVE-201 trial of axatilimab for chronic GVHD. The trial met its primary endpoint, with 74% of patients at the 0.3 mg/kg dose achieving a complete or partial response within the first six months of treatment. The data were featured in the Plenary Scientific Session at the 65th American Society of Hematology Annual Meeting 2023. Incyte and Syndax expect to file a Biologics License Application (BLA) for axatilimab by year-end 2023.
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Syndax Pharmaceuticals (Nasdaq: SNDX) will host an in-person investor event and live webcast on December 11, 2023, during the 65th American Society of Hematology Annual Meeting. The event will feature new data for the axatilimab and revumenib programs, and key opinion leaders from renowned institutions.
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Syndax Pharmaceuticals (Nasdaq: SNDX) grants inducement awards to new employees, offering up to 158,000 shares of common stock under the 2023 Inducement Plan.
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Syndax Pharmaceuticals (SNDX) announced that data from the pivotal trial of revumenib, their oral menin inhibitor, will be featured in a late-breaking presentation at the American Society of Hematology Annual Meeting. The results continue to underscore revumenib's potential as a first- and best-in-class treatment option for patients with KMT2Ar and mNPM1 acute leukemias. The presentation will take place on December 12, 2023, and will feature topline efficacy and safety results from the pivotal AUGMENT-101 Phase 2 Study.
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Syndax Pharmaceuticals (Nasdaq: SNDX) CEO Michael A. Metzger will participate in a fireside chat at the Stifel Healthcare Conference on November 14, 2023, at 4:45 p.m. ET. The event will be live webcasted and accessible from the company's website.
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FAQ

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

The current stock price of Syndax Pharmaceuticals (SNDX) is $13.08 as of December 20, 2024.

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

The market cap of Syndax Pharmaceuticals (SNDX) is approximately 1.1B.

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

1.10B
81.86M
0.81%
107.42%
12.42%
Biotechnology
Pharmaceutical Preparations
Link
United States of America
WALTHAM