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ORIC Pharmaceuticals, Inc. develops clinical-stage oncology therapies designed to counter mechanisms of therapeutic resistance in cancer. News about ORIC commonly covers rinzimetostat (ORIC-944), a selective allosteric PRC2/EED inhibitor studied in prostate cancer and metastatic castration-resistant prostate cancer, and enozertinib (ORIC-114), a brain-penetrant selective inhibitor targeting EGFR exon 20 insertion mutations and EGFR atypical mutations.
Recurring updates include clinical and preclinical data presentations, development-dose decisions, oncology conference presentations, quarterly financial results, cash runway disclosures, at-the-market equity financing, and Nasdaq Rule 5635(c)(4) inducement equity grants.
ORIC Pharmaceuticals announced inducement grants under Nasdaq Listing Rule 5635(c)(4) on June 3, 2024. The company granted 30,000 non-qualified stock options and 4,800 restricted stock units to three new non-executive employees who joined in May 2024. These grants were made under the 2022 Inducement Equity Incentive Plan and subject to continued employment through applicable vesting dates. The stock options have an exercise price equivalent to ORIC's common stock closing price on the grant date. 25% of the options vest after one year, with the remainder vesting monthly over the subsequent three years. The restricted stock units vest in equal parts over three years. Approved by ORIC's Compensation Committee, these grants were intended as material inducements for employment as per Nasdaq rules.
ORIC Pharmaceuticals, a clinical stage oncology company listed on Nasdaq under the ticker ORIC, has announced participation in two key investor conferences in June 2024. The company's management will appear at the Jefferies Global Healthcare Conference on June 5 at 10:30 a.m. ET and the Goldman Sachs 45th Annual Global Healthcare Conference on June 10 at 10:40 a.m. ET. Webcasts of these discussions will be available on the company's website, with replays accessible for 90 days following the events.
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.
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.
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