Erasca (NASDAQ: ERAS) deepens RAS pipeline, takes $150M R&D charge in Q1
Erasca announced a Q1 2026 net loss of $183.4 million, primarily due to a $150 million in-process R&D expense to secure worldwide rights for ERAS-0015. Despite this, the company ended the quarter with $408.5 million in cash, projecting funding into the second half of 2028, and advanced its RAS-targeting pipeline with new collaborations and patent issuances. Key milestones include upcoming data readouts for ERAS-0015 and ERAS-4001 clinical trials.