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

Key Takeaway: Syndax Pharmaceuticals has announced the granting of inducement awards to purchase 66,700 shares of common stock to four new employees as part of its 2023 Inducement Plan. These stock options will vest over a four-year period, incentivizing employee retention and alignment with company goals. The company is known for its innovative cancer therapies, including FDA-approved products, and continues to work on advancing its pipeline through clinical trials.
Price reaction · baseline $18.34 (2026-06-03 close) · hit after-hours · clean, no other SNDX news in the window
day 0 close
-1.7%
day 1
-5.5%
day 3
-3.5%

Market Sentiment Analysis

POSITIVE FACTORS

  • Syndax is actively expanding its workforce with inducement awards.
  • The company is advancing innovative cancer therapies, like Revuforj® and Niktimvo™.
  • Participation in employment incentives may attract talent to enhance its pipeline.

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

NEW YORK, June 04, 2026 (GLOBE NEWSWIRE) -- Syndax Pharmaceuticals (Nasdaq: SNDX), a commercial-stage biopharmaceutical company advancing innovative cancer therapies, today announced that on June 1, 2026, the Company granted inducement awards to purchase up to 66,700 shares of common stock to four 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.
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 Pharmaceuticals, Inc.

Frequently Asked Questions

What recent awards did Syndax Pharmaceuticals grant?

Syndax Pharmaceuticals granted inducement awards to purchase 66,700 shares to four new employees.

How will the stock options at Syndax vest?

The stock options will vest over four years, with a quarter vesting after one year.

What therapies is Syndax Pharmaceuticals advancing?

Syndax is advancing innovative cancer therapies, including Revuforj® and Niktimvo™.

What is Revuforj® used for?

Revuforj® (revumenib) is an FDA-approved menin inhibitor for cancer treatment.

Where can I find more information about Syndax?

More information is available at www.syndax.com and on their social media.

Last updated: Jun 4, 2026