Syndax Pharmaceuticals

Syndax Pharmaceuticals

SNDX
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SNDX · Stock Price

USD 20.54+9.84 (+91.96%)
Market Cap: $1.8B

Historical price data

Market Cap: $1.8BPipeline: 37 drugs (1 Phase 3)Patents: 6Founded: 2005Employees: 100-250HQ: Waltham, United States

Overview

Syndax Pharmaceuticals is a clinical-stage biotech focused on developing novel inhibitors for cancers with high unmet need, primarily through its menin and BET inhibitor platforms. Its lead asset, revumenib, is a potential best-in-class menin inhibitor in late-stage development for KMT2A-rearranged and NPM1-mutant acute leukemias. The company's strategy leverages deep mechanistic insight to target key drivers of oncogenesis and fibrosis, aiming to deliver transformative therapies. With a disciplined approach to clinical development and a strong cash position, Syndax is advancing a targeted pipeline toward key regulatory milestones.

OncologyFibrotic Diseases

Technology Platform

Two core platforms: Menin-KMT2A interaction inhibitors for genetically defined leukemias, and BET/CSF-1R inhibitors targeting transcriptional regulation and profibrotic macrophages in oncology and fibrosis.

Pipeline

37
37 drugs in pipeline1 in Phase 3
DrugIndicationStageWatch
Revumenib + Placebo + Intensive Chemotherapy RegimenAcute Myeloid LeukemiasPhase 3
entinostat + anastrozoleEstrogen Receptor-negative Breast CancerPhase 2
AxatilimabIdiopathic Pulmonary FibrosisPhase 2
EntinostatHodgkin's LymphomaPhase 2
SNDX-6352 + PlaceboCoronavirusPhase 2

Funding History

3
Total raised:$275M
PIPE$175M
IPO$60M
Series A$40M

FDA Approved Drugs

1
REVUFORJNDANov 15, 2024

Opportunities

Revumenib addresses a large, genetically defined subset of AML with no approved targeted therapy, representing a multi-billion dollar market opportunity.
Axatilimab's novel mechanism in cGVHD and IPF could capture significant share in markets with high unmet need and limited competition for its specific pathway.

Risk Factors

High concentration risk in revumenib's pivotal trial success; intense competition in both the menin inhibitor and cGVHD therapeutic landscapes; and execution risks associated with transitioning from a clinical-stage to a commercial-stage company.

Competitive Landscape

Syndax is a leader in the nascent menin inhibitor space, competing primarily with Kura Oncology, with a first-mover advantage in late-stage development. In cGVHD, axatilimab faces competition from established JAK/BTK inhibitors but is differentiated by its unique CSF-1R macrophage-targeting mechanism.

Company Timeline

2005Founded

Founded in Waltham, United States

2005Series A

Series A: $40.0M

2016IPO

IPO — $60.0M

2021PIPE

PIPE: $175.0M

2024FDA Approval

FDA Approval: REVUFORJ