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SEC Comment Letter for Oric Pharmaceuticals, Inc. (ORIC) (CIK 0001796280) (ORIC) — Mar 9, 2020

Oric Pharmaceuticals, Inc. (ORIC) (CIK 0001796280)
Date: March 9, 2020 · CIK: 0001796280 · Accession: 0000000000-20-002081

AI Filing Summary & Sentiment

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Document Type
Confidence
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Summary

Reasoning

Date
March 6, 2020
Author
Jacob Chacko, M.D.
Form
UPLOAD
Company
Oric Pharmaceuticals, Inc. (ORIC) (CIK 0001796280)

Letter

March 6, 2020 Jacob Chacko, M.D. President and Chief Executive Officer Oric Pharmaceuticals, Inc. 240 E. Grand Ave, 2nd Floor South San Francisco, CA 94080 Re:Oric Pharmaceuticals, Inc. Registration Statement on Form S-1 Filed February 28, 2020 CIK No. 0001796280 Dear Dr. Chacko: We have reviewed your registration statement and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to our comment, we may have additional comments. Form S-1 filed February 28, 2020 Capitalization, page 83 1.Please tell us how you determined the inclusion of the 118,301 shares resulting from the early option exercise in the number of shares issued and outstanding was considered appropriate to arrive to the pro forma, and pro forma as adjusted presentation. You also disclose on page 8 that you expect these shares will be outstanding after the offering. However, it appears from your disclosure elsewhere that these are shares from the future exercise of options that are not yet vested and therefore not available to be outstanding. Please revise to clarify this apparent inconsistency. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.

FirstName LastNameJacob Chacko, M.D. Comapany NameOric Pharmaceuticals, Inc. March 6, 2020 Page 2 FirstName LastName Jacob Chacko, M.D. Oric Pharmaceuticals, Inc. March 6, 2020 Page 2 Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. You may contact Ibolya Ignat at 202-551-3636 or Kevin Vaughn at 202-551-3494 if you have questions regarding comments on the financial statements and related matters. Please contact Jeffrey Gabor at 202-551-2544 or Celeste Murphy at 202-551-3257 with any other questions. Sincerely, Division of Corporation Finance Office of Life Sciences cc: Melissa Rick, Esq.

Show Raw Text
March 6, 2020
Jacob Chacko, M.D.
President and Chief Executive Officer
Oric Pharmaceuticals, Inc.
240 E. Grand Ave, 2nd Floor
South San Francisco, CA 94080
Re:Oric Pharmaceuticals, Inc.
Registration Statement on Form S-1
Filed February 28, 2020
CIK No. 0001796280
Dear Dr. Chacko:
            We have reviewed your registration statement and have the following comment.  In our
comment, we may ask you to provide us with information so we may better understand your
disclosure.
            Please respond to this letter by amending your registration statement and providing the
requested information.  If you do not believe our comment applies to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
            After reviewing any amendment to your registration statement and the information you
provide in response to our comment, we may have additional comments.
Form S-1 filed February 28, 2020
Capitalization, page 83
1.Please tell us how you determined the inclusion of the 118,301 shares resulting from the
early option exercise in the number of shares issued and outstanding was considered
appropriate to arrive to the pro forma, and pro forma as adjusted presentation.  You also
disclose on page 8 that you expect these shares will be outstanding after the offering.
However, it appears from your disclosure elsewhere that these are shares from the future
exercise of options that are not yet vested and therefore not available to be
outstanding.  Please revise to clarify this apparent inconsistency.
            We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.

 FirstName LastNameJacob Chacko, M.D.
 Comapany NameOric Pharmaceuticals, Inc.
 March 6, 2020 Page 2
 FirstName LastName
Jacob Chacko, M.D.
Oric Pharmaceuticals, Inc.
March 6, 2020
Page 2
            Refer to Rules 460 and 461 regarding requests for acceleration.  Please allow adequate
time for us to review any amendment prior to the requested effective date of the registration
statement.
            You may contact Ibolya Ignat at 202-551-3636 or Kevin Vaughn at 202-551-3494 if you
have questions regarding comments on the financial statements and related matters.  Please
contact Jeffrey Gabor at 202-551-2544 or Celeste Murphy at 202-551-3257 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Life Sciences
cc:       Melissa Rick, Esq.