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Syndax Pharmaceuticals reports developments as a commercial-stage biopharmaceutical company advancing cancer therapies. Company updates center on Revuforj (revumenib), an FDA-approved menin inhibitor, and Niktimvo (axatilimab-csfr), an FDA-approved monoclonal antibody that blocks the colony stimulating factor 1 receptor.
Recurring news includes quarterly financial results, product revenue for Revuforj and Niktimvo, collaboration revenue from Niktimvo commercialization with Incyte, clinical data presentations in acute leukemia, chronic graft-versus-host disease and related indications, FDA-related product updates, investor conference activity and inducement equity grants under Nasdaq listing rules.
Syndax Pharmaceuticals (Nasdaq: SNDX) reported that on August 1, 2026, it granted stock option inducement awards covering up to 59,250 shares of common stock to five new employees under its 2023 Inducement Plan. The options vest over four years, with 25% vesting after one year and the remainder vesting monthly over the following 36 months, contingent on continued service.
Syndax (Nasdaq: SNDX) reported second quarter 2026 total revenue of $72.8 million, up 92% year over year, driven by Revuforj net revenue of $54.7 million (+91% YoY) and Niktimvo collaboration revenue of $18.1 million based on $60.3 million Niktimvo net sales.
Second quarter R&D expenses rose to $68.0 million, while SG&A declined to $41.5 million. For the first half of 2026, Syndax recorded a net loss attributable to common stockholders of $49.4 million, or $0.55 per share, versus $71.8 million, or $0.83 per share, a year earlier. Cash, cash equivalents and investments totaled $575.1 million as of June 30, 2026.
The company expanded its pipeline with SNDX-4321, a mutant‑selective allosteric EGFR inhibitor for NSCLC, and SNDX-62122, a next‑generation menin inhibitor for myelofibrosis, and outlined multiple ongoing and planned Phase 1–3 trials for Revuforj and Niktimvo. Syndax continues to expect 2026 operating expenses (R&D plus SG&A) of about $400 million, excluding around $50 million of non‑cash stock compensation, and believes its cash and anticipated revenues will enable it to reach profitability.
Syndax Pharmaceuticals (Nasdaq: SNDX) will report its second quarter 2026 financial results and provide a business update on Tuesday, August 4, 2026. Management will host a conference call and live audio webcast at 4:30 p.m. ET, accessible via the Events & Presentations page in the Investors section of its website or by domestic and international dial-in numbers.
A live webcast link (https://sndx-2q26.open-exchange.net/) and Conference ID Syndax2Q26 are provided. According to Syndax, a replay will be available on its website approximately 24 hours after the call and remain accessible for 90 days.
Syndax Pharmaceuticals (Nasdaq: SNDX) is hosting an R&D Event on July 14, 2026, to showcase its late-stage programs and unveil new pipeline assets, including SNDX-4321 and SNDX-62122.
SNDX-4321 is a novel, mutant-selective, allosteric EGFR inhibitor licensed worldwide for development and commercialization in EGFR-mutated NSCLC, with an IND submission targeted by year-end 2026 and a Phase 1 trial planned for 2027. SNDX-62122, the first candidate from the company’s internally developed, wholly owned next-generation menin inhibitor library, is being advanced for myelofibrosis, with an IND and Phase 1 trial expected in 2027, informed by a revumenib MF proof-of-principle study starting in 4Q26. The event will also review ongoing late-stage programs for Revuforj (revumenib) and Niktimvo (axatilimab-csfr), including a Phase 2 axatilimab trial in IPF expected to deliver topline data in 4Q26.
Syndax Pharmaceuticals (Nasdaq:SNDX) granted inducement stock options to eight new employees on July 1, 2026 under its 2023 Inducement Plan. The awards cover up to 250,700 shares of common stock and vest over four years, subject to continued employment-based service conditions.
Syndax (Nasdaq:SNDX) reported new Revuforj® (revumenib) data at EHA 2026 across multiple acute leukemia subtypes and settings.
Highlights include 82% ORR in the ROAR real-world study, 97% CRc in a frontline Phase 1 AML trial, 95% estimated 1‑year OS post-transplant in AUGMENT‑101, 28% ORR in NUP98r disease, and 88% ORR in the Phase 2 SAVE combination trial.
Syndax (Nasdaq:SNDX) reported Phase 1/2 SAVE trial data for all-oral Revuforj (revumenib) + decitabine/cedazuridine + venetoclax in relapsed/refractory NPM1m, KMT2Ar, and NUP98r AML.
Among 42 heavily pretreated patients, ORR was 88%, CRc 71%, CR/CRh 60%, MRD negativity in CRc 80%, 45% proceeded to transplant, and safety was described as generally manageable.
Syndax Pharmaceuticals (Nasdaq:SNDX) granted stock option inducement awards under Nasdaq Listing Rule 5635(c)(4) to four new employees on June 1, 2026. The options cover up to 66,700 shares of common stock under the 2023 Inducement Plan and vest over four years.
Syndax (NASDAQ:SNDX) entered into privately negotiated subscription agreements to issue $250.0 million of 2.25% Convertible Senior Notes due 2031. Closing is expected on June 10, 2026. Net proceeds of about $243 million are earmarked for general corporate purposes, including R&D and commercialization.
The Notes are senior unsecured, bear 2.25% semiannual interest, and are initially convertible at 40.3894 shares per $1,000 principal (conversion price about $24.76, a 35% premium to the June 3, 2026 share price). Syndax can redeem from June 20, 2029, subject to a stock price condition.
Syndax (Nasdaq:SNDX) reported new Revuforj® (revumenib) data from ASCO 2026, including post-transplant and pharmacokinetic results.
In 24 adults and children with high-risk acute leukemia resuming revumenib after HSCT, the 2-year overall survival rate was 90% vs a historical 51%, with low relapse rates and manageable thrombocytopenia. PK data from 335 patients showed flexible dosing with gastric acid reducers, CYP3A4 inhibitors, and varying food conditions.