Syros Pharma Reports Fourth Quarter And Full Year 2016 Financial Results And Highlights Key Accomplishments And Upcoming Milestones
3/20/2017 6:52:57 AM
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Syros Pharmaceuticals (NASDAQ:SYRS), a biopharmaceutical company pioneering the discovery and development of medicines to control the expression of disease-driving genes, today reported financial results for the fourth quarter and year ended December 31, 2016, and provided an update on recent accomplishments and upcoming events.
“2016 was a year of enormous accomplishments for Syros, marked by our successful transition to a publicly traded and clinical-stage organization,” said Nancy Simonian, M.D., Chief Executive Officer of Syros. “These accomplishments position us for a breakthrough 2017 with a planned clinical readout for SY-1425, our first-in-class RARa agonist, from the Phase 2 proof-of-concept trial in genomically defined AML and MDS patients, and the expected initiation of a Phase 1 clinical trial for our second program, SY-1365, a first-in-class selective CDK7 inhibitor, in patients with advanced transcriptionally driven solid tumors. We also continue to advance our preclinical pipeline in oncology and immuno-oncology keeping us on track to achieve our goal of an IND filing every other year on average. I am thrilled by our continued progress toward our vision of creating medicines that benefit patients with diseases that have eluded other genomics-based approaches.”
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