Syndax Pharmaceuticals Inc Stock Price, News & Analysis

Syndax Pharmaceuticals (NASDAQ: SNDX) announced that CEO Michael A. Metzger will participate in a panel discussion focused on novel mechanisms in oncology at the Citi 2024 Global Healthcare Conference. The panel is scheduled for Thursday, December 5, 2024, at 11:00 a.m. ET. A live webcast will be available on the company's website investor section, with a replay option available for a time.

Syndax Pharmaceuticals (SNDX) has received FDA approval for Revuforj® (revumenib), the first menin inhibitor for treating relapsed or refractory acute leukemia with KMT2A translocation in patients aged one year and older. The approval is based on the AUGMENT-101 trial results, where 21% of patients achieved complete remission plus CR with partial hematological recovery. The median duration of response was 6.4 months, and 23% of patients underwent stem cell transplantation following treatment. The drug will be available in the US through specialty distributors in November 2024, with 25mg tablets expected in early 2025.

Syndax Pharmaceuticals (SNDX) announced positive topline results from the AUGMENT-101 trial of revumenib in relapsed/refractory mNPM1 AML patients. The trial met its primary endpoint with a 23% complete remission rate (p-value = 0.0014) and achieved a 47% overall response rate in a heavily pre-treated population. The safety profile was favorable, with only 5% of patients discontinuing due to treatment-related adverse events. The company plans to submit a supplemental New Drug Application (sNDA) in the first half of 2025, following anticipated FDA approval for KMT2Ar acute leukemia in Q4 2024.

Syndax Pharmaceuticals (SNDX) reported Q3 2024 financial results with a net loss of $84.1 million ($0.98 per share). The company secured FDA approval for Niktimvo for chronic GVHD treatment and expects its launch by early Q1 2025. A $350 million royalty funding agreement with Royalty Pharma was announced. The company's revumenib NDA for R/R KMT2Ar acute leukemia has a PDUFA date of December 26, 2024. Cash position stands at $399.6 million, with R&D expenses increasing to $71.0 million and SG&A expenses rising to $31.1 million. Full-year 2024 operating expenses are projected at $365-370 million.

Syndax Pharmaceuticals (SNDX) has announced an upcoming investor event scheduled for December 9, 2024, at 7:00 a.m. PT/10:00 a.m. ET during the 66th American Society of Hematology Annual Meeting in San Diego. The event will be held both in-person and via webcast.

The company's management team will collaborate with key opinion leaders to present updates on their revumenib and Niktimvo™ (axatilimab-csfr) programs. Interested parties can access the live webcast through the Investor section of Syndax's website, where a recording will also be available temporarily.

Syndax Pharmaceuticals (SNDX) announced new data from secondary analysis of the AGAVE-201 trial for Niktimvo™ (axatilimab-csfr) in chronic graft-versus-host disease to be presented at the ASH Annual Meeting. The pivotal trial met its primary endpoint with a 75% overall response rate at the approved dose of 0.3 mg/kg. More than half of responders showed clinical response by day 56, with an estimated 60% maintaining response at 12 months. Organ-specific responses ranged from 1.2 to 3.7 months, with GI tract, liver, and joints responding faster than lung, mouth, eye, and skin manifestations.

Syndax Pharmaceuticals (SNDX) presented positive data for revumenib, their oral menin inhibitor, at the ASH Annual Meeting. Key highlights include:

- 64% Overall Response Rate (62/97) in patients with R/R KMT2Ar acute leukemia in Phase 2 AUGMENT-101 pivotal cohort

- 88% Overall Response Rate (23/26) in SAVE trial testing revumenib combination therapy in R/R AML

The FDA has granted Priority Review for revumenib's New Drug Application with a PDUFA date of December 26, 2024. The company also completed enrollment for the final AUGMENT-101 pivotal trial cohort in R/R mNPM1 AML patients, with topline data expected in Q4 2024.

Syndax Pharmaceuticals (SNDX) has secured a $350 million synthetic royalty funding agreement with Royalty Pharma based on U.S. net sales of Niktimvo™. Under the agreement, Syndax will provide a 13.8% royalty on U.S. net sales until reaching a 2.35x multiple. The funding is expected to support the upcoming product launches and development of Niktimvo and revumenib, with proforma cash approaching $800 million as of June 30. The deal aims to fund Syndax through profitability while maintaining participation in Niktimvo's profits and future growth potential. Niktimvo is positioned as a first-in-class treatment for chronic graft-versus-host disease (GVHD).

Syndax Pharmaceuticals (Nasdaq: SNDX) announced the granting of inducement awards to four new employees on November 1, 2024. The awards consist of stock options to purchase up to 78,700 shares of common stock under the Company's 2023 Inducement Plan. The options will vest over four years, with 25% vesting after one year and the remaining vesting monthly over the following 36 months, contingent on continued employment with Syndax.