Previous Close | 0.3202 |
Open | 0.3203 |
Bid | 0.3206 x 1300 |
Ask | 0.3261 x 1000 |
Day's Range | 0.3203 - 0.3613 |
52 Week Range | 0.2300 - 1.9800 |
Volume | |
Avg. Volume | 343,773 |
Market Cap | 8.41M |
Beta (5Y Monthly) | 2.90 |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Boston biotech Oncorus Inc. is losing one-fifth of its employees as it pauses work on all but one drug. Oncorus (Nasdaq: ONCR) announced the cuts on Wednesday, saying it will lay off 20% of its staff. ONCR-021 is still preclinical, but Oncorus believes it could have applications in non-small cell lung cancer, hepatocellular carcinoma, clear cell renal cell carcinoma and melanoma.
Oncorus Inc (NASDAQ: ONCR) is reprioritizing its pipeline and is discontinuing the Phase 1 trial of ONCR-177 to focus resources on ONCR-021. In addition, the company is discontinuing the development of ONCR-177, reducing its workforce and burn rate, and reiterating guidance for its cash runway into early 2024. Oncorus will present the results of the Phase 1 study of ONCR-177 in patients with advanced disease in conjunction with a scientific congress in 2023. Related: Chardan Sees Over 200% Upsid
Oncorus, Inc. (ONCR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).