Syros Pharmaceuticals (SYRS) Tops Q1 EPS by 4c, Revenues Beat

Syros Pharmaceuticals (NASDAQ: SYRS) reported Q1 EPS of ($0.39), $0.04 better than the analyst estimate of ($0.43). Revenue for the quarter came in at $2.38 million versus the consensus estimate of $1.62 million.

“While COVID-19 has created tremendous uncertainty across the globe, it has also reminded us of the critical importance of medical innovation,” said Nancy Simonian, M.D., Chief Executive Officer of Syros. “Over the last few months, we have focused on ensuring the safety and well-being of our employees and our community, while continuing to advance our ongoing clinical trials and critical earlier-stage research. There is no playbook for what we are going through, and I am extremely proud of the dedication, creativity and flexibility our team has shown during this time. Thanks to their efforts, we recently completed enrollment in our Phase 2 trial cohort evaluating SY-1425 in combination with azacitidine in RARA-positive relapsed or refractory AML patients. We remain on track to report data from this cohort and mature data on SY-1425 from our cohort in newly diagnosed AML patients, as well as initial dose-escalation data from the Phase 1 trial of SY-5609, all in the fourth quarter. While these are difficult times, we have a strong foundation and a strong team, and I am confident we will adapt to the challenges ahead as we pursue our mission of delivering medicines that provide a profound benefit for patients.”

For earnings history and earnings-related data on Syros Pharmaceuticals (SYRS) click here.

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