Erasca

Erasca

ERAS
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ERAS · Stock Price

USD 10.40+9.01 (+648.20%)
Market Cap: $3.3B

Historical price data

Market Cap: $3.3BPipeline: 10 drugs (1 Phase 3)Patents: 2Founded: 2018HQ: San Diego, United States

Overview

Erasca is a clinical-stage biotech singularly focused on developing therapies to 'erase' cancers driven by the RAS/MAPK pathway, which affects ~5.5 million new patients annually. The company's core strategy is built on its MAPKlamp™ platform, designed to overcome resistance by simultaneously targeting multiple nodes within the pathway. With a deep pipeline of small molecules, degraders, and bispecific antibodies, and led by a founder with a proven track record in precision oncology, Erasca aims to achieve durable pathway suppression and deliver transformative combination regimens.

OncologyPrecision Oncology

Technology Platform

MAPKlamp™, a modality-agnostic platform designed to comprehensively shut down the RAS/MAPK pathway by simultaneously targeting upstream nodes (e.g., SHP2), downstream nodes (e.g., ERK), direct RAS, and adaptive escape routes.

Pipeline

10
10 drugs in pipeline1 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-601 + Cetuximab + PembrolizumabAdvanced or Metastatic Solid TumorsPhase 1

Funding History

3
Total raised:$464M
IPO$200M
Series B$200M
Series A$64M

Opportunities

The core opportunity lies in addressing the vast, underserved population of ~5.5 million annual patients with RAS/MAPK-driven cancers.
Success with the MAPKlamp™ combination strategy could establish a new standard of care in multiple solid tumors and unlock significant value in earlier lines of therapy and adjuvant settings.

Risk Factors

High clinical failure risk inherent in oncology drug development, particularly for novel combination hypotheses.
Intense competition from larger, well-funded players in the RAS/MAPK space.
Dependence on positive early data from lead assets to validate the platform and sustain valuation.

Competitive Landscape

Competition is intense, with major pharma (Amgen, BMS) holding first-generation KRAS G12C inhibitors and several biotechs (Revolution Medicines, BridgeBio) pursuing similar multi-node and next-generation strategies. Erasca differentiates through its integrated MAPKlamp™ platform strategy, modality diversity, and founder's proven track record in precision oncology.

Company Timeline

2018Founded

Founded in San Diego, United States

2018Series A

Series A: $64.0M

2020Series B

Series B: $200.0M

2021IPO

IPO — $200.0M