Syndax

Develops cancer therapies and conducts clinical trials

Waltham, Massachusetts, United States

About Syndax

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 capital raises to support its research and development efforts. The goal of Syndax is to advance cancer treatment by developing new therapies that address the needs of patients with difficult-to-treat cancers.

Waltham, MassachusettsHeadquarters
2005Year Founded
$144.3MTotal Funding
IPOCompany Stage
Biotechnology, HealthcareIndustries
201-500Employees

Benefits

Remote Work Options
Professional Development Budget

Risks

Potential legal challenges from fiduciary duty breaches could impact financial stability.
Reliance on clinical trial success poses risks if outcomes are unfavorable.
Competitive oncology market may affect Syndax's market share and pricing power.

Differentiation

Syndax focuses on innovative cancer therapies for difficult-to-treat cancers.
The company develops unique drugs like Revuforj, a menin inhibitor for acute leukemia.
Syndax targets underserved patient populations with novel treatment approaches.

Upsides

FDA approval of Revuforj boosts Syndax's credibility in leukemia treatment.
Positive trial results for Revuforj enhance its market potential in combination therapies.
Strategic investments indicate confidence in Syndax's growth and innovation potential.

Funding

Total raised$144.26 M
Latest valuation$209.00 M
StageIPO
POST IPO EQUITY
11/30/2023
$200
SECONDARY
11/30/2021
$75
IPO
2/29/2016
$53
$209.00 M
DEBT
8/31/2014
$5
SEED
1/31/2014
$2
$8.50 M
$40
$200.00 M