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Erasca Priced, Nasdaq: ERAS

Phase 2 biotech developing therapies for RAS/MAPK pathway-driven cancers.

Industry: Health Care

Latest Trade: $1.89 0.00 (0.0%)

First Day Return: +8.9%

Return from IPO: -88.2%

Industry: Health Care

We are a clinical-stage precision oncology company singularly focused on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers. Molecular alterations in RAS, the most frequently mutated oncogene, and the MAPK pathway, one of the most frequently altered signaling pathways in cancer, account for approximately 5.5 million new cases of cancer worldwide per year. Our company was co-founded by leading pioneers in precision oncology and RAS targeting to create novel therapies and combination regimens designed to comprehensively shut down the RAS/MAPK pathway for the treatment of cancer. We have assembled what we believe to be the deepest, wholly-owned or controlled RAS/MAPK pathway-focused pipeline in the industry, comprising 11 modality-agnostic programs aligned with our three therapeutic strategies of: (1) targeting key upstream and downstream signaling nodes in the RAS/MAPK pathway; (2) targeting RAS directly; and (3) targeting escape routes that emerge in response to treatment. The target breadth and molecular diversity represented in our pipeline enable us to pursue a systematic, data-driven clinical development effort to identify single agent and combination approaches with the goal of prolonging survival in a wide range of patient populations with high unmet needs.
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IPO Data
IPO File Date 06/25/2021
Offer Price $16.00
Price Range $14.00 - $16.00
Offer Shares (mm) 18.8
Deal Size ($mm) $300
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/15/2021
Offer Price $16.00
Price Range $14.00 - $16.00
Offer Shares (mm) 18.8
Deal Size ($mm) $300
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
J.P. Morgan
Morgan Stanley
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Company Data
Headquarters San Diego, CA, United States
Founded 2018
Employees 102
Website www.erasca.com

Erasca (ERAS) Performance