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Syndax Pharmaceuticals Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4) Syndax Pharmaceuticals (Nasdaq: SNDX), a commercial-stage biopharmaceutical company developing an innovative pipeline of cancer therapies, today...

Key Takeaway: Syndax Pharmaceuticals announced inducement grants for six new employees, allowing them to purchase up to 124,000 shares of common stock. These stock options will vest over four years, promoting employee retention. The company continues to develop its innovative cancer therapy pipeline, which includes FDA-approved treatments.
Price reaction · baseline $14.34 (2025-02-03 close) · hit after-hours · clean, no other SNDX news in the window
day 0 close · peak
+0.5%

Market Sentiment Analysis

POSITIVE FACTORS

  • Inducement grants to six new employees indicate company growth.
  • Stock options vesting plan promotes employee retention.
  • Syndax's innovative pipeline includes FDA-approved therapies.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+133%
120-day peak, hindsight
Typical move
5.3%
average across 8 past catalysts
Cash runway
~54 mo
Low dilution risk
Lead asset
entinostat
Phase 1 · Epithelial Ovarian Cancer

Full Press Release Details

WALTHAM, Mass. , Feb. 4, 2025 /PRNewswire/ -- Syndax Pharmaceuticals (Nasdaq: SNDX ), a commercial-stage biopharmaceutical company developing an innovative pipeline of cancer therapies, today announced that on February 1, 2025 the Company granted inducement awards to purchase up to 124,000 shares of common stock to six new employees under the Company's 2023 Inducement Plan. The stock options will vest over four years, with 25% of the underlying shares vesting on the one-year anniversary of the vesting commencement date and 1/48th of the underlying shares vesting monthly thereafter over 36 months, subject to the employee's continued service relationship with Syndax through the applicable vesting dates.
About Syndax Syndax Pharmaceuticals is a commercial-stage biopharmaceutical company developing an innovative pipeline of cancer therapies. Highlights of the Company's pipeline include Revuforj ® (revumenib), an FDA-approved menin inhibitor, and Niktimvo™ (axatilimab-csfr), an FDA-approved monoclonal antibody that blocks the colony stimulating factor 1 (CSF-1) receptor. Fueled by our commitment to reimagining cancer care, Syndax is working to unlock the full potential of its pipeline and is conducting several clinical trials across the continuum of treatment. For more information, please visit www.syndax.com or follow the Company on X and LinkedIn .
Syndax Contact

Frequently Asked Questions

What are the inducement grants by Syndax Pharmaceuticals?

Syndax Pharmaceuticals granted inducement awards to purchase up to 124,000 shares of common stock to six new employees.

How will the stock options vest?

The stock options will vest over four years, with 25% vesting after one year and the remainder vesting monthly.

What is the purpose of these inducement grants?

The inducement grants aim to promote employee retention and reward new hires.

What notable therapies are in Syndax's pipeline?

Syndax's pipeline includes FDA-approved therapies like Revuforj® and Niktimvo™.

Last updated: Feb 4, 2025