Erasca

Erasca

ERASPhase 3
San Diego, United StatesFounded 2018erasca.com

Erasca, founded in 2018, is a public, clinical-stage biotech on a mission to 'erase cancer' by targeting the RAS/MAPK pathway, the most commonly mutated signaling cascade in cancer, affecting ~5.5 million new patients annually. The company has built a broad pipeline of small molecules, large molecules, and protein degraders targeting the pathway at multiple nodes. Led by a seasoned team with a track record in precision oncology, Erasca is strategically advancing combination regimens to overcome resistance and improve outcomes for patients with high-unmet-need cancers.

Market Cap
$4.5B
Founded
2018
Focus
AI / Machine Learning

ERAS · Stock Price

USD 14.60+4.81 (+49.13%)

Historical price data

AI Company Overview

Erasca, founded in 2018, is a public, clinical-stage biotech on a mission to 'erase cancer' by targeting the RAS/MAPK pathway, the most commonly mutated signaling cascade in cancer, affecting ~5.5 million new patients annually. The company has built a broad pipeline of small molecules, large molecules, and protein degraders targeting the pathway at multiple nodes. Led by a seasoned team with a track record in precision oncology, Erasca is strategically advancing combination regimens to overcome resistance and improve outcomes for patients with high-unmet-need cancers.

Technology Platform

A modality-agnostic platform focused on comprehensively shutting down the RAS/MAPK pathway through three strategies: clamping upstream/downstream nodes (MAPKlamp), direct RAS targeting, and blocking escape routes, utilizing small molecules, large molecules, and protein degraders.

Pipeline Snapshot

10

10 drugs in pipeline, 1 in Phase 3

DrugIndicationStageWatch
Naporafenib + Dacarbazine + Temozolomide + TrametinibAdvanced or Metastatic NRAS-mutant MelanomaPhase 3
ERAS-007 + ERAS-601Advanced or Metastatic Solid TumorsPhase 1/2
ERAS-007 + Encorafenib + Cetuximab + PalbociclibMetastatic Colorectal CancerPhase 1/2
ERAS-007 + ERAS-601 + GilteritinibAcute Myeloid LeukemiaPhase 1/2
ERAS-801Glioblastoma MultiformePhase 1

Funding History

3

Total raised: $464M

IPO$200MUndisclosedJun 25, 2021
Series B$200MCormorant Asset ManagementMay 15, 2020
Series A$64MARCH Venture PartnersOct 15, 2018

Opportunities

The primary growth opportunity lies in successfully developing and commercializing therapies for the vast population of patients with RAS/MAPK-altered cancers, a multi-billion dollar market.
Success with its pan-RAS or combination strategies could position Erasca as a leader in treating some of the most prevalent and difficult-to-tumor types, such as pancreatic, colorectal, and lung cancers.

Risk Factors

Key risks include the high failure rate inherent in drug development, particularly for novel mechanisms in complex biology; intense competition from larger, well-resourced pharmaceutical companies; and the significant capital required to fund its broad pipeline, which may lead to future dilution or the need for partnering that could limit economic upside.

Competitive Landscape

Erasca faces competition from major pharma (Amgen, Novartis, Pfizer) and biotechs (Revolution Medicines, Mirati) targeting individual nodes of the RAS/MAPK pathway. Its main differentiation is its integrated, multi-asset strategy (MAPKlamp) designed to overcome resistance by targeting the pathway comprehensively from within a single portfolio.

Publications
8
Patents
2
Pipeline
10

Company Info

TypeTherapeutics
Founded2018
LocationSan Diego, United States
StagePhase 3
RevenuePre-revenue

Trading

TickerERAS
ExchangeNASDAQ

Contact

Therapeutic Areas

OncologyPrecision Oncology
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