Erasca Inc (ERAS) — Who's Buying and Selling (13F, Q2 2026)

On August 24, 2026, clinical-stage biotech Erasca announced that the FDA granted Fast Track Designation to its drug candidate ERAS-0015 for the treatment of metastatic pancreatic adenocarcinoma. Fast Track is meant to speed up development and review of therapies for serious conditions with unmet medical needs, potentially unlocking benefits like accelerated approval, priority review, and rolling review. The company says the designation supports its plan to launch a phase 3 trial in pancreatic cancer, along with two potentially registration-enabling trials in lung cancer.

Erasca, Inc. announced its financial results for the three months ended June 30, 2026, on August 11, 2026, with the full press release attached as Exhibit 99.1 to this 8-K. The filing is being furnished, not filed, so the information carries less formal SEC liability than a regular filing.

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Erasca, Inc. entered into an underwriting agreement to sell 31,428,572 shares of common stock at $17.50 per share. The company expects net proceeds of approximately $516 million, or $593.5 million if underwriters exercise their option to purchase additional shares. The offering is expected to close on July 15, 2026.

Erasca, Inc. announced updated Phase 1 data for its experimental drug ERAS-0015, a pan-RAS molecular glue. In a seven-patient subgroup with a specific type of pancreatic cancer at the recommended dose, 57% had a confirmed or unconfirmed response within eight weeks. The company also reported no dose-limiting toxicities in a combination study with panitumumab for colorectal cancer. Erasca plans to start registration-enabling trials in non-small cell lung cancer and pivotal Phase 3 trials in pancreatic cancer in 2027.

Erasca, Inc. held its annual meeting on June 26, 2026. Shareholders voted to elect three Class II directors—Alexander W. Casdin, Julie Hambleton, M.D., and Michael D. Varney, Ph.D.—each receiving over 219 million votes in favor. They also ratified KPMG LLP as the independent accounting firm for fiscal 2026 with about 264.6 million votes in favor, 1.4 million withheld, and 70,000 against.