Goldman Sachs analyst Corinne Johnson initiated coverage of Syndax (SNDX) with a Buy rating and $18 price target implying 100% upside potential. The firm’s positive view is based on the near-term and peak revenue opportunity for Revuforj, Syndax’s wholly-owned lead drug currently approved for the treatment of relapsed/refractory acute myeloid leukemia patients. It estimates peak sales at $1.1B before considering potential use in the frontline setting.
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