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Syndax shares drop over 11% after axatilimab fails Phase 2 trial in lung disease IPF

Market News
13 Oct 2026
PRNewsWire
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Bearish
Syndax shares drop over 11% after axatilimab fails Phase 2 trial in lung disease IPF

Syndax Pharmaceuticals' stock fell more than 11% after its drug axatilimab failed to meet the primary endpoint in a Phase 2 trial for idiopathic pulmonary fibrosis (IPF). The trial showed no benefit in lung function decline, leading Syndax to halt further IPF development. Investors who suffered losses in the selloff may be eligible for compensation, as a securities law investigation is underway.

Syndax Pharmaceuticals' recent stock decline is noted alongside Pluang's health sector data for context. For readers following health stocks, here is Pluang's market snapshot as of Oct 14, 2026 06:21 WIB: out of 128 priced health-sector US stocks, 29 rose and 99 fell. Notable movers include JNJ at USD 249.35 with a 1-day change of -5.45% and a typical hold time of 129 days, HRTX at USD 0.39 down 5.32% with a 36-day hold, and TXG at USD 71.80 down 4.51% with a 92-day hold time and 100% buy order activity.

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