earnings
confidence high
sentiment neutral
materiality 0.60
ORIC reports Q1 cash $208.9M; three Phase 1b data readouts expected H2 2023
Oric Pharmaceuticals, Inc.
2023-Q1 EPS reported
-$0.53
- Cash and investments $208.9M as of March 31, 2023; funds operations into H1 2025.
- R&D expenses $19.5M (up $2.7M YoY) driven by clinical and discovery program advancement.
- G&A expenses $6.2M, down $0.3M YoY.
- Initial Phase 1b data expected H2 2023 for ORIC-533 (myeloma), ORIC-114 (EGFR/HER2), and ORIC-944 (prostate).
- Preclinical data for ORIC-944 biomarker strategy and PLK4 program presented at AACR 2023.