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Syndax Pharmaceuticals Inc (SNDX) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Syndax Pharmaceuticals Inc

CIK: 1803227 Ticker: SNDX

 

Exhibit 99.1

 

Syndax Pharmaceuticals Reports Third Quarter 2018 Financial Results and

Provides Clinical and Business Update

 

– Next assessment of primary endpoint of overall survival in E2112 trial expected in the second quarter of 2019 –

 

– Topline data across ENCORE I/O combinations and IND for Menin-MLLr inhibitor expected during the 1H19 –

 

– Company to host conference call today at 4:30 p.m. ET –

 

WALTHAM, Mass., November 5, 2018 (PRNEWSWIRE) -- Syndax Pharmaceuticals, Inc. ("Syndax," the "Company" or "we") (Nasdaq: SNDX), a clinical stage biopharmaceutical company developing an innovative pipeline of cancer therapies, today reported its financial results for the third quarter ended September 30, 2018. In addition, the Company provided a clinical and business update. As of September 30, 2018, Syndax had $89.6 million in cash, cash equivalents and short-term investments.

 

“The last several months have been marked by exciting progress across multiple programs, culminating with our recent announcement of plans to commence what will become our second registration study: a focused, biomarker-driven registration trial to evaluate entinostat in combination with pembrolizumab in patients with non-small cell lung cancer whose disease has progressed after PD-1 therapy,” said Briggs W. Morrison, M.D., Chief Executive Officer of Syndax. “We remain highly encouraged by the potential for a positive overall survival readout for E2112, our Phase 3 registration trial of entinostat plus exemestane in HR+, HER2- breast cancer, which would allow us to file for full regulatory approval in this indication. We look forward to reporting on multiple exciting value inflection points across our ENCORE I/O combination trials in the coming months.”

Pipeline Updates

Entinostat

 

At the International Association for the Study of Lung Cancer (IASLC) 19th World Conference on Lung Cancer (WCLC) in September, the Company presented data from the full cohort of PD-(L)1 refractory non-small cell lung cancer (NSCLC) patients enrolled in the ENCORE 601 trial of entinostat in combination with KEYTRUDA® (pembrolizumab). The data continued to support the prior observation of enhanced clinical benefit in a subpopulation of patients with elevated baseline levels of peripheral classical blood monocytes. In October, the Company announced plans to commence a focused, biomarker-driven, randomized registration trial comparing the entinostat-pembrolizumab combination to standard of care chemotherapy in patients whose disease has progressed after both platinum-based chemotherapy and PD-1 antagonist therapy. The trial will seek to validate peripheral classical monocytes as a marker of response to the combination and to determine whether the combination can improve progression free survival (PFS) over standard of care chemotherapy in the high monocyte population. The Company anticipates beginning the trial in the first half of 2019.

 

In October, Syndax announced that enrollment has concluded in E2112, the Phase 3 registration trial of entinostat plus exemestane in advanced hormone receptor positive, human epidermal growth factor receptor 2 negative (HR+, HER2-) breast cancer, with a total of 608 patients enrolled. ECOG-ACRIN Cancer Research Group and the National Cancer Institute informed the Company that the trial did not meet the statistical hurdle for the first primary endpoint of improving PFS, which would have provided the earliest regulatory filing opportunity. Following the most recent interim overall survival (OS) analysis conducted by the trial’s Data Safety Monitoring Committee, ECOG-ACRIN also informed Syndax that the trial is continuing as planned, with the next interim analysis for the OS primary endpoint scheduled for the second quarter of 2019. Additional interim analyses will be conducted every six months until either an OS benefit is observed, or the final target number of events occur. E2112 was designed, and obtained Breakthrough Therapy Designation for this indication, based on positive Phase 2b OS results. Any positive OS assessment would enable the Company to file for full regulatory approval.



The following information was filed by Syndax Pharmaceuticals Inc (SNDX) on Monday, November 5, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Syndax Pharmaceuticals Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Comprehensive Loss (Unaudited)
Accrued Expenses And Other Current Liabilities
Accrued Expenses And Other Current Liabilities (Tables)
Accrued Expenses And Other Current Liabilities - Schedule Of Accrued Expenses And Other Current Liabilities (Detail)
Basis Of Presentation
Basis Of Presentation (Policies)
Employee Stock Purchase Plan
Employee Stock Purchase Plan - Additional Information (Detail)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Detail)
Fair Value Measurements - Schedule Of Fair Values Of Financial Assets And Liabilities Measured At Fair Value (Detail)
Fair Value Measurements - Summary Of Available-For-Sale Securities (Detail)
Income Taxes
Income Taxes - Additional Information (Detail)
Nature Of Business
Nature Of Business - Additional Information (Detail)
Net Loss Per Share Attributable To Common Stockholders
Net Loss Per Share Attributable To Common Stockholders (Tables)
Net Loss Per Share Attributable To Common Stockholders - Computation Of Basic And Diluted Net Loss Per Share Attributable To Common Stockholders (Detail)
Net Loss Per Share Attributable To Common Stockholders - Potential Dilutive Securities Excluded From Computation Of Diluted Net Loss Per Common Share (Detail)
Prepaid Expenses And Other Current Assets
Prepaid Expenses And Other Current Assets (Tables)
Prepaid Expenses And Other Current Assets - Schedule Of Prepaid Expenses And Other Current Assets (Detail)
Related-Party Transactions
Revenue From Contract With Customer - Additional Information (Detail)
Revenue From Contracts With Customers
Revenue From Contracts With Customers (Tables)
Revenue From Contracts With Customers - Schedule Of Impact Of New Revenue Guidance On Financial Statement Line Items (Detail)
Revenue From Contracts With Customers - Schedule Of Impact On Consolidated Balance Sheet Of Adopting Asc 606 (Detail)
Significant Agreements
Significant Agreements - Additional Information (Detail)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Additional Information (Detail)
Stock-Based Compensation - Compensation Expense By Type Of Award (Detail)
Stock-Based Compensation - Share Based Compensation Expense Related To Issuance Of Stock Option Awards To Employees And Non Employees (Detail)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Additional Information (Detail)
Stockholders' Equity - Summary Of Changes In Stockholders' Equity (Detail)
Stockholders' Equity - Summary Of Changes In Stockholders' Equity (Parenthetical) (Detail)
Subsequent Events
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Reconciliation Of Cash, Cash Equivalents And Restricted Cash Balances (Detail)

Material Contracts, Statements, Certifications & more

Syndax Pharmaceuticals Inc provided additional information to their SEC Filing as exhibits

Ticker: SNDX
CIK: 1395937
Form Type: 10-Q Quarterly Report
Accession Number: 0001564590-18-026892
Submitted to the SEC: Mon Nov 05 2018 12:01:45 PM EST
Accepted by the SEC: Mon Nov 05 2018
Period: Sunday, September 30, 2018
Industry: Pharmaceutical Preparations

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