Syndax Pharmaceuticals Announces Closing of Global Collaboration and License Agreement for Axatilimab

Syndax Pharmaceuticals, Inc. announced that the Hart-Scott-Rodino (HSR) antitrust waiting period had expired and that the parties closed the exclusive worldwide collaboration and license agreement between Syndax and Incyte to develop and commercialize axatilimab, Syndax’s anti-CSF-1R monoclonal antibody.

In connection with closing, Incyte paid Syndax the $117 million upfront initial license fee, and Syndax closed on Incyte’s $35 million equity investment in the company.

Additional information about the collaboration can be found in the press release announcements dated September 27, 2021, as well as in Syndax’s Form 8-K filed with the Securities and Exchange Commission (SEC) on September 27, 2021.