Erasca IncClass action lawsuit filed over alleged false statements regarding ERAS-0015, with stock dropping 48% after patent infringement letter from Revolution Medicines.
Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed against Erasca, Inc. in the United States District Court for the Southern District of California. The lawsuit covers purchasers of Erasca common stock between January 14, 2025 and April 26, 2026, with a lead plaintiff deadline of August 10, 2026. The complaint alleges that defendants made false and misleading statements regarding ERAS-0015, including that its preclinical data relied on improper comparisons to Revolution Medicines and risked patent and trade secret violations. On April 28, 2026, Erasca disclosed a letter from Revolution Medicines alleging patent infringement and trade secret misappropriation, causing the stock to drop $9.25 per share, or approximately 48%, from $19.15 to $9.90. Investors who suffered losses can contact the firm at investigations@bespc.com or (212) 355-4648.
Erasca IncClass action lawsuit filed over alleged false statements regarding ERAS-0015, with stock dropping 48% after patent infringement letter from Revolution Medicines.
Revolution Medicines IncRevolution Medicines is the competitor alleging patent infringement and trade secret misappropriation against Erasca, which benefits its competitive position.