)

Syros Pharmaceuticals (SYRS) investor relations material
Syros Pharmaceuticals Q3 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Advancing tamibarotene as a potential new standard for frontline treatment of higher risk MDS patients with RARA overexpression, representing about 50% of this population.
Pivotal SELECT-MDS-1 Phase 3 trial in higher-risk MDS nearing a key data readout in mid-November 2024.
Company discontinued SELECT-AML-1 enrollment and prioritized tamibarotene after a 2023 restructuring and cost reduction.
No product sales revenue; operations funded by equity, debt, and collaborations.
Significant commercial opportunity with U.S. higher risk MDS therapeutics market projected at $1.6B by 2029 and tamibarotene's addressable market over $800M.
Financial highlights
Cash and equivalents were $58.3M as of September 30, 2024, expected to fund operations into Q3 2025.
Net loss for Q3 2024 was $6.4M, down from $40.1M in Q3 2023; net loss for the nine months ended September 30, 2024 was $33.4M, down from $100.2M in the prior year.
R&D expenses for Q3 2024 were $20.5M, down from $28.3M in Q3 2023; G&A expenses for Q3 2024 were $5.7M, down from $7.8M.
No revenue recognized in Q3 or first nine months of 2024, compared to $3.8M and $9.6M in 2023 from a terminated collaboration.
Gain from change in fair value of warrant liabilities was $20.3M in Q3 2024, reflecting a decrease in stock price.
Outlook and guidance
SELECT-MDS-1 pivotal data readout in mid-November will focus on complete response rate and safety; overall survival data to follow.
NDA filing for tamibarotene planned post-data, with regulatory processes on track and no unusual requirements anticipated.
Commercial launch preparations underway, including market education, infrastructure, and manufacturing readiness.
Management is pursuing additional capital through equity, debt, or business development, but success is not guaranteed.
Substantial additional funding required to continue operations beyond Q3 2025.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage