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Erasca sued for securities fraud over misleading drug claims, stock drops 45%.

Market News
10 Jun 2026
GlobeNewsWire
View Source
Bearish
pluang ai news

Erasca, Inc. faces a class action lawsuit alleging securities fraud for making false claims about its cancer drug ERAS-0015. The company touted the drug as "best-in-class" with superior preclinical results, but failed to disclose patent disputes and misleading comparisons. After revelations of patent infringement accusations and a patient death in clinical trials, Erasca's stock fell over 45%. Investors who bought shares between January 2025 and April 2026 may seek damages, with a lead plaintiff deadline of August 10, 2026.

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