Syndax narrows FY24 CapEx view to $245M-$250M from $240M-$260M
The Fly

Syndax narrows FY24 CapEx view to $245M-$250M from $240M-$260M

Narrows FY24 total operating expenses view to $365M-$370M from $355M-$375M, which includes milestone payments that the Company expects to become due as well as an estimated $41M in non-cash stock compensation expense. Syndax (SNDX) expects that its cash, cash equivalents and marketable securities, together with the $350M from the sale of a portion of the Niktimvo royalty and anticipated product revenue and interest income, enables the company to reach profitability.

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