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SYRS

Syros Pharmaceuticals

$14.67

0.52 (3.67%)

08:09
10/11/16
10/11
08:09
10/11/16
08:09

Syros Pharmaceuticals says FDA approves IDE for bloost test

Syros Pharmaceuticals announced that the U.S. Food and Drug Administration has approved an investigational device exemption for a laboratory-based blood test to detect proprietary biomarkers discovered using the Company's gene control platform to select patients for enrollment in the ongoing Phase 2 clinical trial of Syros' lead drug candidate, SY-1425, a selective retinoic acid receptor alpha agonist. The approval of the IDE allows Syros to expand its Phase 2 clinical trial to include newly diagnosed acute myeloid leukemia patients 60 years of age or older who are not suitable candidates for standard chemotherapy and low-risk transfusion-dependent myelodysplastic syndrome patients who test positive for the biomarkers. The trial is currently enrolling genomically defined patients with relapsed or refractory AML or high-risk MDS identified using the biomarker test.

  • 19

    Oct

SYRS Syros Pharmaceuticals
$14.67

0.52 (3.67%)

07/25/16
JMPS
07/25/16
INITIATION
Target $22
JMPS
Outperform
Syros Pharmaceuticals initiated with an Outperform at JMP Securities
JMP Securities analyst Michael King started Syros Pharmaceuticals with an Outperform rating and $22 price target.
07/25/16
COWN
07/25/16
INITIATION
COWN
Outperform
Syros Pharmaceuticals initiated with an Outperform at Cowen
Cowen analyst Philip Nadeau started Syros Pharmaceuticals with an Outperform rating.
07/25/16
WEDB
07/25/16
INITIATION
Target $18
WEDB
Outperform
Syros Pharmaceuticals initiated with an Outperform at Wedbush
Wedbush analyst David M. Nierengarten initiated Syros Pharmaceuticals with an Outperform and $18 price target. The analyst sees significant potential in Syros' drug discovery platform centered on targeting superenhancers, a new class of regulatory element that controls the expression of disease-driving genes responsible for cancer and other serious disorders.
07/25/16
07/25/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Allergan (AGN) initiated with an Outperform at Credit Suisse. 2. VMware (VMW) initiated with an Overweight at Morgan Stanley. 3. Syros Pharmaceuticals (SYRS) initiated with an Overweight at Piper Jaffray, an Outperform at JMP Securities, an Outperform at Cowen, and an Outperform at Wedbush. 4. Level 3 (LVLT) initiated with a Sector Weight at Pacific Crest. 5. KeyCorp (KEY) reinstated with an Overweight at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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