{"id":383433,"date":"2020-11-17T16:18:25","date_gmt":"2020-11-17T21:18:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=383433"},"modified":"2020-11-17T16:18:25","modified_gmt":"2020-11-17T21:18:25","slug":"oric-pharmaceuticals-announces-closing-of-public-offering-and-full-exercise-of-underwriters-option-to-purchase-additional-shares","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/oric-pharmaceuticals-announces-closing-of-public-offering-and-full-exercise-of-underwriters-option-to-purchase-additional-shares\/","title":{"rendered":"ORIC Pharmaceuticals Announces Closing of Public Offering and Full Exercise of Underwriters\u2019 Option to Purchase Additional Shares"},"content":{"rendered":"
\n

SOUTH SAN FRANCISCO, Calif. and SAN DIEGO, Nov. 17, 2020 (GLOBE NEWSWIRE) — ORIC Pharmaceuticals, Inc.\u00a0(Nasdaq: ORIC), a clinical stage oncology company focused on developing treatments that address mechanisms of therapeutic resistance, today announced the closing of its previously announced underwritten public offering of 5,796,000 shares of its common stock, which includes the exercise in full of the underwriters\u2019 option to purchase 756,000 additional shares of its common stock, at a price to the public of $23.00 per share. The gross proceeds to ORIC from the offering were approximately $133.3 million, before deducting underwriting discounts and commissions and estimated offering expenses.<\/p>\n

J.P. Morgan Securities LLC, Citigroup,\u00a0Jefferies LLC and Guggenheim Securities acted as joint book-running managers for the offering. Oppenheimer & Co. Inc. acted as lead manager for the offering.<\/p>\n

The offering is made only by means of a prospectus, copies of which may be obtained from:\u00a0J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions,\u00a01155 Long Island Avenue,\u00a0Edgewood, NY\u00a011717, by telephone at (866) 803-9204 or by email at\u00a0prospectus-eq_fi@jpmchase.com<\/a>;\u00a0Citigroup Global Markets Inc., c\/o Broadridge Financial Solutions,\u00a01155 Long Island Avenue,\u00a0Edgewood, NY\u00a011717 or by telephone at (800) 831-9146;\u00a0Jefferies LLC, Attention:\u00a0Equity Syndicate Prospectus Department,\u00a0520 Madison Avenue, 2nd Floor,\u00a0New York, NY\u00a010022, by telephone at (877) 821-7388 or by email at\u00a0Prospectus_Department@Jefferies.com<\/a>; or\u00a0Guggenheim Securities, LLC, Attention:\u00a0Equity Syndicate Department, 330 Madison, 8th Floor,\u00a0New York, NY\u00a010017, by telephone at (212) 518-9658 or by email at\u00a0GSEquityProspectusDelivery@guggenheimpartners.com<\/a>.<\/p>\n

Registration statements relating to the securities have been filed with the Securities and Exchange Commission and have become effective. A copy of the registration statement can be accessed through the SEC\u2019s website at www.sec.gov<\/a>.<\/u> This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that state or jurisdiction.<\/p>\n

\n About\u00a0ORIC Pharmaceuticals, Inc.<\/strong>\n <\/p>\n

ORIC Pharmaceuticals is a clinical stage biopharmaceutical company dedicated to improving patients\u2019 lives by O<\/u><\/em>vercoming <\/em>R<\/u><\/em>esistance <\/em>I<\/u><\/em>n<\/em>C<\/u><\/em>ancer<\/em>. ORIC\u2019s lead product candidate, ORIC-101, is a potent and selective small molecule antagonist of the glucocorticoid receptor, which has been linked to resistance to multiple classes of cancer therapeutics across a variety of solid tumors. ORIC-101 is currently in two separate Phase 1b trials of ORIC-101 in combination with (1) Xtandi (enzalutamide) in metastatic prostate cancer and (2) Abraxane (nab-paclitaxel) in advanced or metastatic solid tumors. ORIC\u2019s other product candidates include (1) ORIC-533, an orally bioavailable small molecule inhibitor of CD73, a key node in the adenosine pathway believed to play a central role in resistance to chemotherapy- and immunotherapy-based treatment regimens, (2) ORIC-944, an allosteric inhibitor of the polycomb repressive complex 2 (PRC2) via the EED subunit, being developed for prostate cancer, and (3) ORIC-114, a brain penetrant inhibitor designed to selectively target EGFR and HER2 with high potency against exon 20 insertion mutations, being developed across multiple genetically defined cancers. Beyond these four product candidates, ORIC is also developing multiple precision medicines targeting other hallmark cancer resistance mechanisms. ORIC has offices in South San Francisco and San Diego, California.<\/p>\n

\n For more information, please contact:<\/strong>\n <\/p>\n

Dominic Piscitelli, Chief Financial Officer
dominic.piscitelli@oricpharma.com<\/a>
info@oricpharma.com<\/a><\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

SOUTH SAN FRANCISCO, Calif. and SAN DIEGO, Nov. 17, 2020 (GLOBE NEWSWIRE) — ORIC Pharmaceuticals, Inc.\u00a0(Nasdaq: ORIC), a clinical stage oncology company focused on developing treatments that address mechanisms of therapeutic resistance, today announced the closing of its previously announced underwritten public offering of 5,796,000 shares of its common stock, which includes the exercise in full of the underwriters\u2019 option to purchase 756,000 additional shares of its common stock, at a price to the public of $23.00 per share. The gross proceeds to ORIC from the offering were approximately $133.3 million, before deducting underwriting discounts and commissions and estimated offering expenses. J.P. Morgan Securities LLC, Citigroup,\u00a0Jefferies LLC and Guggenheim Securities acted as joint book-running managers for the offering. Oppenheimer & … <\/p>\n

Continue reading “ORIC Pharmaceuticals Announces Closing of Public Offering and Full Exercise of Underwriters\u2019 Option to Purchase Additional Shares”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-383433","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nORIC Pharmaceuticals Announces Closing of Public Offering and Full Exercise of Underwriters\u2019 Option to Purchase Additional Shares - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/oric-pharmaceuticals-announces-closing-of-public-offering-and-full-exercise-of-underwriters-option-to-purchase-additional-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ORIC Pharmaceuticals Announces Closing of Public Offering and Full Exercise of Underwriters\u2019 Option to Purchase Additional Shares - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SOUTH SAN FRANCISCO, Calif. and SAN DIEGO, Nov. 17, 2020 (GLOBE NEWSWIRE) — ORIC Pharmaceuticals, Inc.\u00a0(Nasdaq: ORIC), a clinical stage oncology company focused on developing treatments that address mechanisms of therapeutic resistance, today announced the closing of its previously announced underwritten public offering of 5,796,000 shares of its common stock, which includes the exercise in full of the underwriters\u2019 option to purchase 756,000 additional shares of its common stock, at a price to the public of $23.00 per share. 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