Mar. 31 at 1:09 AM
$SNDX share price since 12/10/25. It's been a great run for SNDX since last summer when SNDX was trading for less than
$10/share
At the same time, SNDX's share price is still down 10% from the summer of 2024 when Niktimvo was first approved, while the
$XBI has been up ~20%.
Back to the last 4 months, while roughly half of SNDX's 92 peer comm'l-stage bios are off 25% or more from recent highs since early December, SNDX had fared very well. However, SNDX traded meaningfully lower today. This is more or less inconsistent with its recent trading pattern since early December 2025. We certainly hope it is not a trend.
SNDX continues to be the #1 holding of our investment club. However, the brutal truth is SNDX FY2029 (aka Year 4) analyst estimates have been coming down since early December 2025. Recall Centerview Partners noted
$SWTX peer Year 4 M&A revenue multiples averaged 3.8X (but were as low at 2.3X and as high as 5.0X).
This is not investment advice.
$IBB $INCY
