Follow-on Offerning

Healthcare
Follow-on Offerning

Summary

Baird served as co-manager on this offering

About

Syndax Pharmaceuticals, Inc. (“Syndax”) (NASDAQ-GS: SNDX) recently completed an underwritten public offering of 6,388,889 shares of its common stock at a price to the public of $18.00 per share, which includes the exercise in full by the underwriters of their option to purchase an additional 833,333 shares of common stock. The gross proceeds to Syndax from the offering are expected to be approximately $115.0 million.

Syndax is a clinical stage biopharmaceutical company developing an innovative pipeline of cancer therapies. Syndax's lead product candidate, entinostat, a once-weekly, oral, small molecule, class I HDAC inhibitor, is being tested in a Phase 3 combination trial with exemestane for treatment of advanced HR+, HER2- breast cancer and has been evaluated in combination with several approved PD-1/PD-(L)1 antagonists. Syndax’s pipeline also includes SNDX-6352, a monoclonal antibody that blocks the colony stimulating factor 1 (CSF-1) receptor, and SNDX-5613, a highly selective inhibitor of the Menein–MLL binding interaction. Syndax Pharmaceuticals, Inc. is headquartered in Waltham, Massachusetts.
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Healthcare
Follow-on Offerning
Date
May 2020
Company
Syndax Pharmaceuticals, Inc.
Transaction
M&A
Sectors
Healthcare
Target Location
North America

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