earnings
confidence high
sentiment neutral
materiality 0.55
ORIC reports Q3 2023 net loss; cash $256.2M; ORIC-114 CNS responses
Oric Pharmaceuticals, Inc.
2023-Q3 EPS reported
-$1.46
- Cash, cash equivalents and investments $256.2M as of Sept 30, 2023; expected to fund operations into late 2025.
- R&D expenses $22.4M in Q3 2023, up from $14.7M in Q3 2022 due to pipeline advancement.
- ORIC-114 Phase 1b data at ESMO showed CNS complete response in EGFR exon 20 NSCLC patient; favorable safety.
- Initial ORIC-533 data in multiple myeloma to be presented at ASH December 2023.
- ORIC-944 initial Phase 1b data in prostate cancer expected Q1 2024.