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Erasca In-licenses Two China RAS Candidates in Two Deals Worth $349 Million

publication date: May 17, 2024

San Diego’s Erasca acquired rights for two China-developed pre-clinical RAS candidates in two separate agreements, while it is sidelining two of its own candidates and temporarily discontinuing development on a third candidate. Erasca will also raise $160 million from investors. The company acquired ex-China rights to a pan-RAS molecular glue (ERAS-0015) from Joyo Pharmatech of Guangzhou in a $189 million deal and global rights to a pan-KRAS inhibitor (ERAS-4001) from Sichuan Medshine Discovery in a $170 million agreement. More details....

Stock Symbol: (NSDQ: ERAS)

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