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SYRS

Syros Pharmaceuticals

$9.95

-0.1 (-1.00%)

08:17
01/08/18
01/08
08:17
01/08/18
08:17

Syros says on track to report data on SY-1425 combinations, SY-1365

In a presentation at the 36th Annual J.P. Morgan Healthcare Conference on Thursday, January 11, 2018, at 10:30 a.m. PST, the company will detail its three strategic priorities for the year: Aggressively advancing its two clinical-stage programs with planned data readouts on two combinations with SY-1425, a first-in-class selective retinoic acid receptor alpha agonist, from the ongoing Phase 2 trial in genomically defined acute myeloid leukemia and myelodysplastic syndrome patients, and with the first clinical data for SY-1365, a first-in-class selective cyclin-dependent kinase 7 inhibitor, from the Phase 1 trial in advanced solid tumors. Leveraging its leading gene control platform to fuel its discovery and preclinical pipeline in oncology, including immuno-oncology, and the recent expansion into monogenic diseases, keeping the Company on track to achieve its goal of delivering one Investigational New Drug application every other year on average. Building on its strong fundamentals to continue its evolution toward a fully integrated biopharmaceutical company with therapies that transform patients' lives. Based on its current operating plans, Syros expects that its existing cash, cash equivalents and marketable securities, together with the upfront cash and equity investment from its collaboration with Incyte, will enable the Company to fund its anticipated operating expenses and capital expenditure requirements into 2019. Syros had approximately $81.9 million in cash, cash equivalents and marketable securities as of September 30, 2017.

  • 08

    Jan

SYRS Syros Pharmaceuticals
$9.95

-0.1 (-1.00%)

09/28/17
JMPS
09/28/17
UPGRADE
Target $33
JMPS
Outperform
Syros Pharmaceuticals upgraded to Outperform at JMP Securities
JMP Securities analyst Michael King upgraded Syros Pharmaceuticals to Outperform from Market Perform, noting shares have declined 50% since early August and he believes the recent selloff has been overdone. The company expects to report initial clinical data from its ongoing Phase 2 trial of SY-1425 in patients with acute myeloid leukemia and myelodysplastic syndrome in Q4, noted King, who set a $33 price target on Syros shares.
10/23/17
ROTH
10/23/17
INITIATION
Target $15
ROTH
Neutral
Syros Pharmaceuticals initiated with a Neutral at Roth Capital
Roth Capital analyst Jotin Marango started Syros Pharmaceuticals with a Neutral rating and $15 price target saying it is maturing into a solid company, but value-driving proof-of-concept may take a little longer.
10/31/17
PIPR
10/31/17
INITIATION
Target $30
PIPR
Overweight
Syros Pharmaceuticals assumed with an Overweight at Piper Jaffray
Piper Jaffray analyst Edward Tenthoff assumed coverage of Syros Pharmaceuticals with an Overweight rating and raised his price target for the shares to $30 from $20. The analyst sees the company creating value by expanding its clinical pipeline and signing new partnerships.
11/01/17
PIPR
11/01/17
NO CHANGE
PIPR
Overweight
Syros trading lower on lack of data, says Piper Jaffray
Piper Jaffray analyst Edward Tenthoff attributes the pullback today in shares of Syros Pharmaceuticals to the lack of clinical data in the online abstract, but the analyst notes this is just a placeholder. Syros will report Phase II data on SY-1425 monotherapy in biomarker-selected relapsed/refractory Acute Myeloid Leukemia and higher-risk Myelodysplastic Syndromes patients, as well as lower-risk, transfusion-dependent MDS patients in a poster at the American Society of Hematology meeting on December 10, Tenthoff tells investors in a research note. He reiterates an Overweight rating on the shares with a $30 price target.

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