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Syndax Pharmaceuticals Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

Key Takeaway: Syndax Pharmaceuticals announced the granting of inducement awards for stock options to nine new employees under its 2023 Inducement Plan. The awards, totaling 213,300 shares, will vest over four years, showcasing the company's strategy to attract and retain talent. Syndax continues to focus on innovative cancer therapies, including its FDA-approved products.

Market Sentiment Analysis

POSITIVE FACTORS

  • Syndax granted stock options to nine new employees, indicating growth.
  • The inducement awards reflect the company's commitment to attracting talent.
  • The company is advancing innovative cancer therapies, enhancing its pipeline.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+140%
120-day peak, hindsight
Typical move
5%
average across 15 past catalysts
Cash runway
~53 mo
Low dilution risk
Lead asset
Entinostat
Phase 2 · ER+ Breast Cancer

Full Press Release Details

NEW YORK, Oct. 02, 2026 (GLOBE NEWSWIRE) -- Syndax Pharmaceuticals (Nasdaq: SNDX), a commercial-stage biopharmaceutical company advancing innovative cancer therapies, today announced that on October 1, 2026, the Company granted inducement awards to purchase up to 213,300 shares of common stock to nine 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 advancing innovative 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 granted inducement awards to purchase 213,300 shares of common stock to nine new employees.

How will the stock options vest?

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

What is the purpose of the inducement awards?

The inducement awards aim to attract and retain talent within Syndax Pharmaceuticals.

What innovative therapies does Syndax offer?

Syndax is advancing cancer therapies, including FDA-approved Revuforj® and Niktimvo™.

Last updated: Oct 2, 2026