ERAS Erasca, Inc.

NEUTRAL Impact: 4/10 PRESS-RELEASE
Horizon months Filed May 11, 2026 Processed 29d 19h ago Wire GlobeNewswire
Press release: fda
Latest settled — T+5d
ERAS ▼ -1.63% at T+5d
NEUTRAL call ✗ call lost -1.63% · α vs SPY -1.54% · entry $10.44 → $10.27
Next anchor: T+20d due 18h ago
Last close $12.87 (close Jun 8) · +23.28% from $10.44 entry
Entry anchored
May 8, 03:59 PM ET
via Databento tick
T+1d
-0.57%
call -0.57% · α -0.44%
$10.38
settled 29d ago
T+5d
-1.63%
call -1.63% · α -1.54%
$10.27
settled 23d ago
T+20d
call — · α —
due 18h ago
T+60d
call — · α —
in 8w

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Executive Summary

Erasca announced a clinical trial collaboration with Merck to evaluate its pan-RAS molecular glue ERAS-0015 in combination with KEYTRUDA for RAS-mutant solid tumors. Merck will supply pembrolizumab at no cost, and Erasca will sponsor the AURORAS-1 study. This is a non-financial collaboration that provides validation for Erasca's pipeline but does not change the company's fundamental outlook.

Actionable Insight

This collaboration provides clinical validation and cost savings but does not alter Erasca's near-term cash burn or regulatory path. Monitor AURORAS-1 enrollment and early efficacy data for read-through on ERAS-0015's potential. The stock may see a modest positive reaction on partnership credibility, but no fundamental change.

Key Facts

  • Erasca entered a clinical trial collaboration and supply agreement with Merck for ERAS-0015 + KEYTRUDA in RAS-mutant solid tumors.
  • Merck is supplying pembrolizumab at no cost; Erasca sponsors the AURORAS-1 study.
  • ERAS-0015 is an oral pan-RAS molecular glue with early Phase 1 data showing favorable safety and partial responses at doses as low as 8 mg QD.
  • Approximately 2.7 million patients are diagnosed annually with RAS-mutant tumors worldwide.
  • No financial terms of the agreement were disclosed.

Financial Impact

No financial terms disclosed; Merck's supply of pembrolizumab at no cost reduces Erasca's trial expenses modestly.

r_and_d_expenses

Risk Factors

  • ERAS-0015 is still in early Phase 1; clinical failure remains a significant risk.
  • Revolution Medicines has alleged patent infringement regarding ERAS-0015, which could lead to litigation delays.
  • Combination trial may not show additive benefit over monotherapy or existing standards.

Market Snapshot

Exchange
Nasdaq
Sector
Pharmaceutical Preparations
Analyst Consensus
82% bullish (17 analysts)

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

DocumentAccession Number
PRESS-RELEASE Data (Synthetic)press-3291730
8 reports for ERAS
Performance horizon
67% Hit rate 2 of 3 directional calls best @ T+20▲ +16.16%Apr 27, 2026
Filters
Rows
Reports for ERAS — sortable, filterable
Type Now
May 11, 2026
29d ago
Press Release
NEUTRAL ★ 4/10
$10.44 $10.27▼ −1.63%▼ −1.54%$12.87 (+23.28%)
Apr 28, 2026
6w ago
DEFA14A
NEUTRAL ★ 2/10
$9.11 $9.99▲ +9.66%▲ +6.55%$12.87 (+41.27%)
Apr 27, 2026
6w ago
8-K
BULLISH ★ 7/10
$9.90 $10.14▲ +2.42%▲ +0.73%$12.87 (+30.00%)
Apr 27, 2026
6w ago
Press Release
BULLISH ★ 8/10
$9.90 $10.14▲ +2.42%▲ +0.73%$12.87 (+30.00%)
Apr 27, 2026
6w ago
8-K
MIXED ★ 7/10
$19.15 $10.14▼ −47.05%▼ −47.45%$12.87 (−32.79%)
Apr 21, 2026
7w ago
8-K
BULLISH ★ 7/10
$22.41 $9.90▼ −55.82%▼ −56.91%$12.87 (−42.57%)
Mar 12, 2026
12w ago
Press Release
MIXED ★ 6/10
$13.62 $14.60▲ +7.20%▲ +9.31%$12.87 (−5.51%)
Mar 5, 2026
13w ago
Press Release
MIXED ★ 5/10
$15.54 $14.65▼ −5.73%▼ −3.49%$12.87 (−17.18%)
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