Here's Why Syros Pharmaceuticals Got Crushed Today
Shares of Syros Pharmaceuticals (NASDAQ: SYRS) dropped by as much as 49.1% Monday after the company provided a clinical update on its lead drug candidate. Investors probably couldn't tell by the press release, which had a rosy takeaway on the news, but just one of 48 evaluable patients taking SY-1425 as a potential stand-alone treatment for acute myeloid leukemia (AML) and myelodysplastic syndrome (MDS) had a complete response.
The phase 2 trial for the two bone marrow diseases remains ongoing, but the company will instead focus on the potential for SY-1425 to be used in a combination therapy with both azacitidine, a standard chemotherapy drug, and Darzalex from Johnson & Johnson. As of 12:42 p.m EST, the stock had settled to a 29.8% loss.
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Source: Fool.com
Syros Pharmaceuticals Inc. Stock
With 6 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
Based on the current price of 5.2 € the target price of 13 € shows a potential of 150.0% for Syros Pharmaceuticals Inc. which would more than double the current price.
