Extract Substring In Statement

I tried to extract the information in a field

Samples of the data:

"Current Date updated ( 12/31/2015 -> 12/31/2016 )"
"Status updated ( Open -> Should be Closed )"
From example 1 ==> need outputs of " 12/13/2015" and "12/31/2016";
example 2 --> need outputs of "Open" and "Should be Closed"

These are what all records look like:

1. It contains the word, "updated".
2. There is a space after the last character of updated. Then, there is a space before open parenthesis. Then, there is a space before getting the required word. Example: "updated ( xxxxx" (xxxxx is a required extract word.)
3. The entire word(s) should be captured before the "->" sign (after the open parenthesis)
4. The last part is to captured everything after the "->" but before the close parenthesis ")"