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Syntara Limited Advances Drug Pipeline with Promising Amsulostat Developments

Story Highlights
  • Syntara Limited progresses with amsulostat for myelofibrosis and myelodysplastic syndrome.
  • The company secures FDA Fast Track and maintains strong cash, boosting investor interest.
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Syntara Limited Advances Drug Pipeline with Promising Amsulostat Developments

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The latest announcement is out from Pharmaxis Ltd ( (AU:SNT) ).

Syntara Limited reported a successful quarter with significant progress in its drug development pipeline, particularly for amsulostat. The company presented positive interim Phase 2 data for amsulostat in myelofibrosis at the European Hematology Association Conference and initiated a Phase 1c/2 study for myelodysplastic syndrome. The FDA granted Fast Track designation for amsulostat, and the WHO assigned it an International Non-Proprietary Name. Syntara also began dosing patients in a trial for a keloid scar treatment. The company maintains a strong cash position, and its strategic focus on non-dilutive funding and expanding indications for amsulostat is expected to generate significant interest from investors and partners.

The most recent analyst rating on (AU:SNT) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Pharmaxis Ltd stock, see the AU:SNT Stock Forecast page.

More about Pharmaxis Ltd

Syntara Limited is a clinical-stage drug development company focusing on advancing treatments for hematological cancers and other diseases. The company is actively involved in developing amsulostat, a promising drug for myelofibrosis and myelodysplastic syndrome, and is also exploring treatments for keloid scars.

Average Trading Volume: 9,903,436

Technical Sentiment Signal: Sell

Current Market Cap: A$92.68M

Find detailed analytics on SNT stock on TipRanks’ Stock Analysis page.

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