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Rinzimetostat Phase 3 dose and cash runway update from ORIC (NASDAQ: ORIC)
ORIC Pharmaceuticals announced it is advancing rinzimetostat (ORIC-944) to Phase 3 at a 400 mg once-daily dose in combination with darolutamide for metastatic castration-resistant prostate cancer, based on favorable efficacy and a differentiated safety profile from Phase 1b optimization data. The company reported strong PSA responses and a good tolerability profile at this dose, with fewer adverse events and dose modifications compared to higher doses or competitor regimens. ORIC also updated its financial position, showing approximately $412 million in cash and investments, providing a cash runway into the second half of 2028, sufficient to execute planned registrational trials for rinzimetostat and another late-stage candidate, enozertinib.