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Oric Pharmaceuticals, Inc. - $ORIC STOCK NEWS

Welcome to our dedicated page for Oric Pharmaceuticals news (Ticker: $ORIC), a resource for investors and traders seeking the latest updates and insights on Oric Pharmaceuticals stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Oric Pharmaceuticals's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

ORIC Pharmaceuticals, Inc. (Nasdaq: ORIC) reported strong financial results and operational updates for Q1 2024. The company initiated three expansion cohorts for ORIC-114 and presented positive data for ORIC-944 in prostate cancer. Cash and investments stand at $331.5 million, ensuring funding until late 2026.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.56%
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Rhea-AI Summary

ORIC Pharmaceuticals, Inc. announced the granting of 14,500 non-qualified stock options and 2,300 restricted stock units to new non-executive employees under the 2022 Inducement Equity Incentive Plan. The grants were approved as inducements to employment and are subject to vesting conditions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.5%
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none
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Rhea-AI Summary
ORIC Pharmaceuticals announces the dosing of the first patients across three expansion cohorts in the Phase 1b trial of ORIC-114 for mutated NSCLC, with promising Phase 1b data reported and plans to release updated data in the first half of 2025.
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Rhea-AI Sentiment
End-of-Day
-0.94%
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Rhea-AI Summary
ORIC Pharmaceuticals presents promising preclinical data on ORIC-944 and ORIC-613 at the 2024 AACR Annual Meeting, highlighting their potential as best-in-class inhibitors for prostate cancer and TRIM37-high tumors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.01%
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Rhea-AI Summary
ORIC Pharmaceuticals, Inc. granted 84,800 non-qualified stock options and 14,400 restricted stock units to new non-executive employees. The grants were part of the 2022 Inducement Equity Incentive Plan, with specific vesting schedules. The inducement grants were approved by the Compensation Committee of the Board of Directors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.01%
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none
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Rhea-AI Summary
ORIC Pharmaceuticals, Inc. (ORIC) will be participating in investor conferences in April, including the 23rd Annual Needham Virtual Healthcare Conference and Stifel Virtual Targeted Oncology Forum. The company will present a company overview and participate in a fireside chat to discuss its focus on developing treatments for therapeutic resistance mechanisms.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.97%
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conferences
Rhea-AI Summary
ORIC Pharmaceuticals, Inc. reported positive Phase 1b data supporting best-in-class profiles for ORIC-944 and ORIC-114, with plans for further advancement and combination studies. The company strengthened its cash position with $210 million from private placements, ensuring funding into late 2026.
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Rhea-AI Sentiment
End-of-Day
-4.47%
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ORIC Pharmaceuticals, Inc. will present a company overview at the Leerink Partners Global Biopharma Conference on March 13, 2024. The focus is on developing treatments for therapeutic resistance in oncology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.75%
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conferences
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Rhea-AI Summary
ORIC Pharmaceuticals, Inc. announces multiple abstracts accepted for presentation at the 2024 AACR Annual Meeting. ORIC-944, a potent PRC2 inhibitor, shows promise in prostate cancer treatment. ORIC-613, a PLK4 inhibitor, demonstrates synthetic lethality in TRIM37-high cancer models.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.49%
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none
Rhea-AI Summary
ORIC Pharmaceuticals, Inc. granted 3,600 non-qualified stock options and 600 restricted stock units to a new non-executive employee. The grants were made under the 2022 Inducement Equity Incentive Plan, with specific vesting schedules. The inducement grants were approved by the Compensation Committee and were a material inducement to employment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.05%
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none
Oric Pharmaceuticals, Inc.

Nasdaq:ORIC

ORIC Rankings

ORIC Stock Data

647.93M
37.08M
9.53%
88.37%
12.08%
Pharmaceutical Preparation Manufacturing
Manufacturing
Link
United States of America
SOUTH SAN FRANCISCO

About ORIC

oric pharmaceuticals, inc., a clinical-stage biopharmaceutical company, discovers and develops therapies for treatment of cancers. its lead product candidate is oric-101, a small molecule antagonist of the glucocorticoid receptor, which has been linked to resistance to multiple classes of cancer therapeutics across various solid tumors. the company's second product candidate is oric-533, an orally bioavailable small molecule inhibitor of cd73 being developed for resistance to chemotherapy- and immunotherapy-based treatment regimens. it is also developing multiple precision medicines targeting other cancer resistance mechanisms. the company was founded in 2014 and is headquartered in south san francisco, california.