SEC Comment Letter for Oric Pharmaceuticals, Inc. (ORIC) (CIK 0001796280) (ORIC) — Apr 22, 2020
Oric Pharmaceuticals, Inc. (ORIC) (CIK 0001796280)
Date: April 22, 2020 · CIK: 0001796280 · Accession: 0000000000-20-003448
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File numbers found in text: 333-236792
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April 22, 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.
Amendment No. 1 to Registration Statement on Form S-1
Filed April 20, 2020
File No. 333-236792
Dear Dr. Chacko:
We have reviewed your amended registration statement and have the following
comments. In some of our comments, 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 comments apply 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 these comments, we may have additional comments.
Amendment No. 1 to Registration Statement on Form S-1 filed April 20, 2020
Risk Factors
Our amended and restated bylaws that will become effective upon the closing of this offering
provide..., page 79
1.We note that your forum selection provision identifies a state court located within the
State of Delaware (or, if the Court of Chancery does not have jurisdiction, another State
court in Delaware or the federal district court for the District of Delaware) as the exclusive
forum for certain litigation, including any “derivative action.” Please disclose whether
this provision applies to actions arising under the Exchange Act. If this provision does not
apply to actions arising under the Exchange Act, please also ensure that the exclusive
forum provision in the governing documents states this clearly, or tell us how you will
inform investors in future filings that the provision does not apply to any actions arising
FirstName LastNameJacob Chacko, M.D.
Comapany NameOric Pharmaceuticals, Inc.
April 22, 2020 Page 2
FirstName LastName
Jacob Chacko, M.D.
Oric Pharmaceuticals, Inc.
April 22, 2020
Page 2
under the Exchange Act. We also note that your forum selection provision includes an
exclusive federal forum provision for Securities Act claims. Please state that there is
uncertainty as to whether a court would enforce such provision. In that regard, we note
that Section 22 of the Securities Act creates concurrent jurisdiction for federal and state
courts over all suits brought to enforce any duty or liability created by the Securities Act
or the rules and regulations thereunder.
Report of Independent Registered Public Accounting Firm, page F-2
2.Please have your auditors remove the restrictive language from their report and consent
and sign them in the filing for which you request effectiveness.
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.