earnings
confidence high
sentiment positive
materiality 0.65
ORIC Pharmaceuticals reports Q3 2021 cash of $296.5M, ORIC-101 early clinical data, and upcoming pipeline milestones
Oric Pharmaceuticals, Inc.
2022-Q3 EPS reported
-$1.49
- Cash, cash equivalents and investments of $296.5 million, expected to fund operations into 2024.
- Initial Phase 1b data for ORIC-101 combo with enzalutamide showed safe profile and antitumor activity in 6 of 8 key patients.
- R&D expenses $12.9M (Q3 2021) vs $8.8M (Q3 2020); G&A expenses $5.6M vs $3.8M.
- Anticipated Q4 2021 milestones: initiate Phase 1 trial for ORIC-533 in multiple myeloma and file IND for ORIC-944.