Syndax Pharmaceuticals Announces New Inducement Stock Grants

Syndax Pharmaceuticals’ Recent Stock Option Grant Notification

Syndax Pharmaceuticals (NASDAQ: SNDX), a commercial-stage biopharmaceutical company focused on pioneering cancer therapies, has made a significant announcement regarding its employee stock options. The company has granted an inducement award to one new employee, providing the opportunity to purchase up to 60,000 shares of common stock. This action falls under the firm’s 2023 Inducement Plan, marking an important step in enhancing the motivation and loyalty of their workforce.

Details of the Stock Option Grant

The stock options awarded will vest over a period of four years. Specifically, 25% of the shares making up the award will become accessible on the one-year anniversary of the vesting commencement date. After this initial vesting milestone, 1/48th of the shares will vest monthly over the following three years, contingent upon the employee maintaining their service relationship with Syndax. This structured approach to vesting underscores Syndax's commitment to fostering long-term relationships with its employees while driving forward its innovative projects in oncology.

About Syndax Pharmaceuticals

Syndax is dedicated to advancing cancer treatment through its extensive pipeline of therapies, which includes noteworthy candidates such as revumenib and Niktimvo™ (axatilimab-csfr). Revumenib is recognized as a selective menin inhibitor, while Niktimvo is a monoclonal antibody targeting the CSF-1 receptor. Both therapies represent a significant investment in developing effective treatments that could redefine standards in oncology.

Clinical Trials and Innovations

Currently, Syndax is actively conducting a range of clinical trials focused on unlocking the full therapeutic potential of its pipeline. The ongoing research and clinical development efforts are aimed at addressing some of the most challenging aspects of cancer therapy, driving toward innovative solutions that can enhance patient outcomes. The company remains committed to its mission of improving the treatment landscape for cancer patients.

Staying Connected with Syndax

Syndax Pharmaceuticals encourages interested parties to learn more about their projects and initiatives by visiting their website. Additionally, they actively engage with the community on social media platforms, providing updates and insights into their ongoing research and development activities.

Contact Information

For further inquiries regarding Syndax Pharmaceuticals and their initiatives, representatives can be contacted directly. The dedicated team at Syndax is available to provide insights and answer any questions pertaining to their innovative cancer therapies.

Frequently Asked Questions

What type of company is Syndax Pharmaceuticals?

Syndax Pharmaceuticals is a commercial-stage biopharmaceutical enterprise focused on developing innovative cancer therapies.

What was the recent stock option grant made by Syndax?

The company granted an inducement award to one new employee to purchase up to 60,000 shares of common stock.

What is the vesting period for the stock options?

The stock options will vest over four years, with specific milestones defining accessibility.

What are the key products in Syndax’s pipeline?

Syndax’s pipeline features revumenib, a selective menin inhibitor, and Niktimvo™, a monoclonal antibody targeting the CSF-1 receptor.

How can I learn more about Syndax Pharmaceuticals?

Visiting their official website or following them on social media platforms will provide insights into their projects and latest news.

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