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2022-12-22

ORIC Pharmaceuticals Surges 44% on Pfizer Collaboration, Investment

ORIC Pharmaceuticals (NASDAQ:ORIC) soared 44% in premarket trading Thursday after announcing both a

ORIC Pharmaceuticals Surges 44% on Pfizer Collaboration, Investment

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The companies said the candidate could be moved into phase 2 in a combination study with Pfizer&#39;s (PFE) elranatamab, a B-cell maturation antigen (BCMA) CD3-targeted bispecific antibody under investigation for multiple myeloma.</p><p>ORIC (ORIC) said the $25M investment from Pfizer (PFE) means its cash runway is extended into H1 2025.</p><p>Seeking Alpha&#39;s Quant Rating views ORIC (ORIC) as a hold.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ORIC":"Oric Pharmaceuticals Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100927875","content_text":"ORIC Pharmaceuticals (NASDAQ:ORIC) soared 44% in premarket trading Thursday after announcing both a collaboration on a multiple myeloma candidate with Pfizer (NYSE:PFE) as well as an equity investment from the drug giant.ORIC-533, a CD73 inhibitor, is currently in phase 1. 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