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Syndax Pharmaceuticals Inc

syndax.com

Syndax Pharmaceuticals (NASDAQ: SNDX) is a clinical-stage biopharmaceutical company that develops and commercializes targeted therapies for hematologic malignancies and other serious diseases. Revenue comes from product sales of two FDA-approved medicines, REVUFORJ (revumenib) and NIKTIMVO (axatilimab-csfr), plus milestone and royalty payments under license agreements. REVUFORJ, an oral first-in-class menin inhibitor approved by the FDA in November 2024, targets relapsed or refractory acute leukemia with KMT2A translocations or NPM1 mutations. NIKTIMVO, a monoclonal antibody targeting CSF-1R, was launched commercially in the U.S. in late January 2025 for chronic graft-versus-host disease, co-commercialized with collaboration partner Incyte. Syndax holds global rights to revumenib and licenses axatilimab rights in partnership with Incyte. Multiple ongoing clinical trials, including the Phase 3 EVOLVE-2 trial initiated in the first quarter of 2025, are evaluating revumenib in frontline acute leukemia settings.

Products & Services

REVUFORJ (revumenib): oral, first-in-class menin inhibitor, FDA-approved November 2024 for R/R acute leukemia with KMT2A translocation or NPM1 mutation. NIKTIMVO (axatilimab-csfr): CSF-1R-targeting monoclonal antibody, launched commercially in the U.S. in late January 2025 for chronic graft-versus-host disease, co-commercialized with Incyte.

Revenue Model

Product sales from REVUFORJ and NIKTIMVO in the U.S., plus potential milestone and royalty payments under license agreements, including the collaboration and license agreement with Incyte for axatilimab.

Customers & Markets

Adult and pediatric patients with relapsed or refractory acute leukemia (KMT2A translocation, NPM1 mutation) and chronic graft-versus-host disease patients. Prescribers include oncologists and hematologists at treatment centers in the U.S.

Geographic Exposure

Primary commercial operations in the U.S. as of the 10-K filed 2026-02-26. Global rights held for revumenib; axatilimab commercialized in the U.S. in partnership with Incyte.

Financial Snapshot

Revenue
TTM
$217.4M
Gross Margin
TTM
96.01%
Net Income
TTM
-$243.2M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
546.77%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
41.62M
Cash
2026 Q1
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
-$140.2M

Stock Price

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Market Cap: $2.0921 Billion

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