U.S. IPO Weekly Recap: ORIC Pops 61% And SPACs Make A Comeback [Seeking Alpha]
Oric Pharmaceuticals, Inc. (ORIC)
Company Research
Source: Seeking Alpha
SummaryThe IPO market saw a jump in activity as one biotech and three SPACs went public this past week.The durability of the biotech industry was demonstrated once again, with ORIC Pharmaceuticals popping 61% on its first day.After a month-long blank check hiatus, three SPACs completed public offerings this past week.The IPO market saw a jump in activity as one biotech and three SPACs went public this past week. The durability of the biotech industry was demonstrated once again, with ORIC Pharmaceuticals (Oncology biotech ORIC Pharmaceuticals priced its twice-upsized IPO at the high end to raise $120 million at a $493 million fully diluted market cap (+16% vs. original midpoint). Led by experienced executives from Ignyta, ORIC is developing an oral GR antagonist in two Phase 1b trials as combination therapies for prostate cancer and advanced or metastatic solid tumors. The company believes its $201 million in post-IPO cash will last into late 2022, but it will require additional fundi
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ORIC
News
- ORIC Pharmaceuticals, Inc. (NASDAQ: ORIC) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $20.00 price target on the stock.MarketBeat
- ORIC® Pharmaceuticals Reports Third Quarter 2024 Financial Results and Operational UpdatesGlobeNewswire
- ORIC® Pharmaceuticals to Participate in Upcoming Investor ConferencesGlobeNewswire
- ORIC Pharmaceuticals, Inc. (NASDAQ: ORIC) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $21.00 price target on the stock.MarketBeat
- ORIC® Pharmaceuticals Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)GlobeNewswire
ORIC
Earnings
- 11/12/24 - Miss
ORIC
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- ORIC's page on the SEC website