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Sep 30, 2024

ORIC Pharmaceuticals Q3 2024 Earnings Report

ORIC Pharmaceuticals reported financial results for the third quarter of 2024 and provided operational updates.

Key Takeaways

ORIC Pharmaceuticals reported cash and investments of $282.4 million, expected to fund the operating plan into late 2026. The company continues to advance ORIC-114 and ORIC-944 programs towards registrational studies. Clinical collaborations were announced to support the ORIC-944 trial in combination with AR inhibitors for prostate cancer.

Presented preclinical data supporting ORIC-114's potential as a best-in-class treatment for EGFR exon 20 insertions and other atypical mutations.

Announced clinical collaborations to support the trial evaluating ORIC-944 in combination with AR inhibitors for prostate cancer.

Cash and investments of $282.4 million are expected to fund the operating plan into late 2026.

Initiated dosing of ORIC-944 in combination with NUBEQA® (darolutamide) and in combination with ERLEADA® (apalutamide) in the ongoing Phase 1b trial for prostate cancer in first half of 2024.

Total Revenue
$0
0
EPS
-$0.49
Previous year: -$0.44
+11.4%
Gross Profit
-$270K
Previous year: -$257K
+5.1%
Cash and Equivalents
$272M
Previous year: $256M
+6.3%
Free Cash Flow
-$29.2M
Previous year: -$19.7M
+48.1%
Total Assets
$302M
Previous year: $274M
+10.1%

ORIC Pharmaceuticals

ORIC Pharmaceuticals