Erasca

Erasca

Clinical-stage oncology company targeting RAS/MAPK pathway

Overview

Erasca is a clinical-stage precision oncology company focused on stopping the RAS/MAPK signaling pathway, a major driver in many cancers. Its products aim to block this pathway across multiple modalities to treat a wide range of tumors that rely on RAS/MAPK signaling. The company distinguishes itself by pursuing a comprehensive shutdown of the pathway through diverse therapeutic approaches, targeting cancer patients worldwide and seeking to bring multiple therapeutic programs to approval and commercialization. Its ultimate goal is to eradicate cancer and improve outcomes for millions of patients affected by RAS/MAPK-driven tumors.

Funded Recently

About Erasca

Simplify's Rating
Why Erasca is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Biotechnology

Healthcare

Company Size

51-200

Company Stage

IPO

Headquarters

San Diego, California

Founded

2018

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Simplify's Take

What believers are saying

  • ERAS-0015 showed a 62% unconfirmed response rate in KRAS G12X-mutant NSCLC and 40% in PDAC[2].
  • The company raised $550 million in gross proceeds from a public offering closing July 15, 2026, funding pipeline development[1].
  • Cormorant Asset Management acquired a $68.55M stake, signaling institutional confidence after a 715% stock surge[1].

What critics are saying

  • Revolution Medicines sued Erasca for patent infringement and trade secret misappropriation over ERAS-0015, halting clinical development[1][2].
  • A patient died one month after ERAS-0015 treatment, likely triggering an FDA Clinical Hold and trial pause[1][2].
  • Securities fraud class actions allege Erasca misled investors on ERAS-0015's safety and IP claims, risking fines and dilution[1].

What makes Erasca unique

  • Erasca targets the RAS/MAPK pathway with its pan-RAS molecular glue ERAS-0015, a novel oral modality for solid tumors[1][2].
  • The company secured a U.S. patent (No. 12,458,647) for ERAS-0015, protecting its composition until September 2043[3].
  • Erasca collaborates with Merck and Tango Therapeutics to advance ERAS-0015 combinations, expanding its development network[2].

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Funding

Total Funding

$1.6B

Above

Industry Average

Funded Over

9 Rounds

Notable Investors:
Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Life Insurance

Pet Insurance

Paid Vacation

Paid Holidays

Paid Sick Leave

401(k) Retirement Plan

Company Equity

Employee Stock Purchase Plan

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-4%
Erasca
Jul 23rd, 2026
Erasca Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares – Erasca

SAN DIEGO, July 20, 2021 (GLOBE NEWSWIRE) -- Erasca, Inc. (Nasdaq: ERAS), a clinical-stage precision oncology company singularly focused on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers, today announced the closing of its initial public

Pharma Focus Asia
May 12th, 2026
Erasca Enters into Collaboration with Merck to Evaluate ERAS-0015 with KEYTRUDA in RAS-Mutant Solid Tumours.

Erasca Enters into Collaboration with Merck to Evaluate ERAS-0015 with KEYTRUDA in RAS-Mutant Solid Tumours. Tuesday, May 12, 2026 Erasca has entered into a clinical trial collaboration and supply agreement with Merck to evaluate ERAS-0015 in combination with KEYTRUDA for patients with RAS-mutant solid tumours. The agreement will support the AURORAS-1 clinical proof-of-concept study, which is assessing the investigational pan-RAS molecular glue ERAS-0015 together with pembrolizumab, Merck's anti-PD-1 therapy. Erasca is sponsoring the study, while Merck will provide pembrolizumab at no cost. The companies are exploring the potential of the combination therapy to improve treatment outcomes in cancers driven by RAS mutations. RAS mutations are known to activate the RAS/MAPK pathway and contribute to an immunosuppressive tumour environment. Preclinical findings suggest that ERAS-0015 may help enhance the effects of PD-1 blockade by reducing immunosuppression and supporting stronger and longer-lasting tumour responses. Globally, around 2.7 million patients are diagnosed each year with RAS-mutant tumours. Limited treatment options targeting multiple RAS mutations and the development of resistance mechanisms remain major challenges in treating these cancers. ERAS-0015 is an investigational oral therapy designed to inhibit RAS signalling across a broad range of mutations. The therapy is currently being evaluated in the Phase 1 AURORAS-1 trial in patients with RAS-mutant solid tumours. Early dose-escalation results from the study showed favourable safety and tolerability, linear pharmacokinetics, and confirmed as well as unconfirmed partial responses in patients across different tumour types and RAS mutations. Responses were observed at doses as low as 8 mg once daily. The therapy is also designed to address resistance associated with mutant-selective inhibitors through inhibition of RAS wildtype variants. In addition, ERAS-0015 demonstrated favourable absorption, distribution, metabolism, excretion, and pharmacokinetic properties in preclinical animal studies.

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