Syndax

Syndax

Develops cancer therapies and conducts clinical trials

About

Syndax Pharmaceuticals develops and commercializes therapies specifically for cancer patients, focusing on challenging cases like hormone receptor-positive (HR+) and human epidermal growth factor receptor 2-negative (HER2-) breast cancer. The company conducts research and clinical trials to test the safety and effectiveness of its drugs, aiming to bring them to market after receiving regulatory approval. Syndax's main product, Entinostat, is currently in clinical trials combined with Exemestane for treating HR+, HER2- breast cancer. Unlike many competitors, Syndax targets underserved patient populations and relies on strategic partnerships and public offerings to fund its research and development. The goal is to advance cancer treatment by developing new therapies that address the needs of patients with difficult-to-treat cancers.

Company Stage

IPO

Employees

201-500

Industries

Biotechnology, Healthcare

Total Funding

$144.3M

Headquarters

N/A

Founded

2005


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Simplify's Take

What believers are saying

  • Positive clinical trial results for revumenib in combination therapies suggest strong potential for regulatory approval and market success.
  • The appointment of experienced professionals like Aleksandra Rizo to the board of directors enhances the company's strategic direction and clinical development capabilities.
  • Syndax's inducement grants and stock options for new employees indicate a commitment to attracting and retaining top talent, fostering a culture of innovation.

What critics are saying

  • The highly competitive oncology market requires continuous innovation and successful clinical trials to maintain a competitive edge.
  • Dependence on the success of key products like Entinostat and revumenib means that any setbacks in clinical trials or regulatory approvals could significantly impact the company's growth.

What makes Syndax unique

  • Syndax focuses on developing therapies for difficult-to-treat cancers, particularly HR+, HER2- breast cancer, setting it apart from competitors with broader oncology portfolios.
  • The company's flagship product, Entinostat, and its innovative pipeline, including revumenib and axatilimab, highlight its commitment to targeting specific cancer pathways and patient populations.
  • Syndax's strategic capital raises and public offerings provide robust financial support for its R&D efforts, unlike competitors who may struggle with funding.

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Growth & Insights
Headcount

6 month growth

30%

1 year growth

51%

2 year growth

154%

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