earnings
confidence high
sentiment neutral
materiality 0.65
ORIC Pharma Q2 cash $308.5M; ORIC-114 expansion and ORIC-944 combo dosing underway
Oric Pharmaceuticals, Inc.
2024-Q2 EPS reported
-$0.83
- Cash and investments $308.5M as of June 30, 2024; expected to fund operations into late 2026.
- R&D expenses $28.9M in Q2 2024 vs $18.8M Q2 2023, up $10.2M on pipeline advancement.
- G&A expenses $7.1M in Q2 2024 vs $6.2M Q2 2023, up $0.9M on higher personnel costs.
- ORIC-114 Phase 1b dose escalation complete; expansion cohorts in EGFR/HER2 mutant NSCLC dosed; data expected H1 2025.
- ORIC-944 combo dosing initiated with NUBEQA and ERLEADA; clinical trial agreements with Bayer and J&J.