earnings
confidence high
sentiment neutral
materiality 0.55
ORIC Pharma Q1 2022: $256.2M cash runways into 2H2024; three Phase 1b data readouts in 1H2023
Oric Pharmaceuticals, Inc.
2023-Q1 EPS reported
-$0.59
- Cash and investments $256.2M as of March 31, 2022; expected to fund operations into 2H2024.
- R&D expenses $16.8M (up $5.1M YoY) driven by advancing ORIC-533, -114, -944; ORIC-101 discontinued.
- G&A expenses $6.4M (up $1.6M YoY) due to higher personnel costs.
- Three Phase 1b trials (ORIC-533 in multiple myeloma; ORIC-114 in EGFR/HER2; ORIC-944 in prostate) targeting initial data in 1H2023.
- PLK4 inhibitor program in lead optimization for TRIM37-amplified breast cancers.