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Erasca shares plunge 48% after legal challenge over key drug's intellectual property.

Market News
28 May 2026
PRNewsWire
View Source
Bearish
pluang ai news

Erasca, Inc. saw its stock drop 48% after competitor Revolution Medicines challenged the intellectual property rights of Erasca's lead drug candidate, ERAS-0015. The dispute centers on claims that Erasca's drug infringes on RevMed's patents and misuses trade secrets, leading to demands to halt sales and misleading comparisons. This legal challenge wiped out over $2.8 billion in market value and prompted a shareholder rights investigation into whether Erasca misled investors about its patent protections. Investors facing losses are urged to seek legal advice as the situation develops.

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