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ORIC® Pharmaceuticals Provides Operational Highlights for 2025 and Anticipated Upcoming Milestones

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Announced rinzimetostat (ORIC-944) Phase 1b data that continue to demonstrate potential best-in-clas...

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AI Summary

ORIC Pharmaceuticals announced promising data for rinzimetostat and enozertinib, enhancing their best-in-class potential. With a significant cash infusion, the company expects to sustain operations through 2028 and initiate multiple registrational trials, suggesting strong future growth prospects.

Sentiment Rationale

Positive clinical data and extended cash runway can increase market confidence, similar to past successful biotech rallies following favorable trial results.

Trading Thesis

Buy ORIC on anticipated strong clinical data and cash runway extending to 2028.

Market-Moving

  • Positive Phase 1b data could lead to increased investor confidence in ORIC.
  • Upcoming clinical readouts and milestones may catalyze stock price movements.
  • Successful initiation of Phase 3 trials would solidify ORIC's market position.
  • The cash runway extension increases operational stability, reducing funding concerns.

Key Facts

  • Rinzimetostat shows promising Phase 1b data in mCRPC.
  • Enozertinib demonstrates competitive efficacy in NSCLC patients.
  • ORIC raised $244 million, extending cash runway to 2H 2028.
  • Multiple clinical data readouts expected in 2026.
  • CEO confident in potential best-in-class profiles of drug candidates.

Companies Mentioned

  • Johnson & Johnson (JNJ): Collaboration to evaluate enozertinib may boost competitive edge.

Corporate Developments

This news falls under 'Corporate Developments' as it highlights operational progress, strategic partnerships, and financial stability key for investor assessment of ORIC's future.

ORIC Pharmaceuticals Announces Operational Highlights for 2025

On January 12, 2026, ORIC Pharmaceuticals, Inc. (NASDAQ: ORIC), a clinical-stage oncology company, unveiled significant operational updates and anticipated milestones for 2025. The company emphasized promising data from its oncology pipeline, particularly regarding rinzimetostat (ORIC-944) and enozertinib, targeting difficult-to-treat cancer types. With a substantial funding boost of $244 million, ORIC has extended its financial runway into the second half of 2028, ensuring continued development of its key asset programs.

Key Achievements for 2025

Rinzimetostat Developments

Rinzimetostat, a selective allosteric inhibitor of the polycomb repressive complex 2 (PRC2), has shown promising Phase 1b data in treating metastatic castration-resistant prostate cancer (mCRPC). Highlights include:

  • Selection of provisional recommended Phase 2 doses (RP2Ds) for combination with AR inhibitors, darolutamide and apalutamide.
  • A reported 55% of patients achieved a PSA50 response, with confirmed PSA responses in 40% of cases.
  • A remarkable 76% of patients experienced over a 50% reduction in ctDNA levels.

Dr. Jacob M. Chacko, President and CEO, stated, “These results affirm our belief in rinzimetostat as a potential best-in-class therapy for mCRPC.”

Enozertinib Performance

Enozertinib, designed to penetrate the brain and target specific EGFR mutations, demonstrated strong efficacy in a recent Phase 1b trial at the ESMO Asia Congress 2025. Key findings include:

  • An overall response rate (ORR) of 67% in EGFR exon 20 and 80% in EGFR PACC patients.
  • Impressive CNS activity with 100% intracranial ORR in both mutation categories.
  • Safety profile shows minimal off-target toxicity, leading to low treatment discontinuation rates.

Corporate Highlights

In 2025, ORIC Pharmaceuticals strengthened its leadership by appointing Kevin Brodbeck, PhD, as chief technical officer. The company successfully raised $244 million from prominent healthcare investment funds, enhancing its cash reserves to $413 million, which will support operations into 2028.

Anticipated Milestones for 2026

ORIC is projecting significant milestones in the coming year, including:

  • Rinzimetostat: Data from combination dose optimization to be reported in 1Q 2026, with the first global Phase 3 trial initiation planned for 1H 2026.
  • Enozertinib: Monotherapy and combination data with SC amivantamab expected in 2H 2026.

These developments present potential value inflection points ahead of upcoming registrational trials.

Financial Guidance and Upcoming Presentation

As of September 30, 2025, ORIC reported cash, cash equivalents, and investments totaling $413 million. This financial position is anticipated to support its operations well into the second half of 2028, alongside key trial readouts.

Dr. Chacko will provide further insights during the 44th Annual J.P. Morgan Healthcare Conference on January 13, 2025, at 9:45 a.m. PT, with a live webcast available via the investor section of ORIC's website.

About ORIC Pharmaceuticals

ORIC Pharmaceuticals is a biopharmaceutical firm committed to advancing innovative therapies for cancer patients. The company is focused on overcoming resistance in cancer treatments, with clinical candidates, rinzimetostat (ORIC-944) and enozertinib, making significant strides in their development pipelines.

Forward-Looking Statements

This report includes forward-looking statements as defined in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. These statements reflect ORIC's current beliefs and assumptions regarding future events and performance, which may change as further clinical data emerges.

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