earnings
confidence high
sentiment neutral
materiality 0.50
ORIC reports Q2 2022 cash $237.8M; three Phase 1 readouts expected 1H 2023
Oric Pharmaceuticals, Inc.
2022-Q2 EPS reported
-$1.10
- Cash and investments $237.8M as of June 30, 2022; funds operations into 2H 2024.
- R&D expenses $13.8M for Q2 2022, down from $15.5M in Q2 2021, mainly on lower ORIC-101 costs.
- G&A expenses $6.9M for Q2 2022, up from $5.5M in Q2 2021, due to higher personnel costs.
- Three ongoing Phase 1 programs (ORIC-533, ORIC-114, ORIC-944) with initial data expected 1H 2023.
- Preclinical data on PLK4 inhibitor program presented at AACR in April 2022.