tiprankstipranks
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.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App