Commercial LaunchThe recent commercial launches of two assets, each with over $1 billion peak sales potential, create a path to profitability and form the basis of a compelling valuation-based thesis.
Market PositionRevuforj is competitively best-positioned to capture a majority of the $5 billion peak U.S. sales potential for the menin inhibitor class, with a first-mover advantage in leukemia treatment.
Revenue Growth2Q25 revenue of ~$38M beat our estimates by >70% (and VA consensus by ~45%), driven by Revuforj’s 43% growth QoQ and Niktimvo which is already profitable to SNDX.