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Stock impact report

Patient Death Drags Erasca (ERAS) Shares by 48% [Yahoo! Finance]

Erasca, Inc. (ERAS) 
Company Research Source: Yahoo! Finance
Erasca Inc. plunged by 48.30 percent on Tuesday to close at $9.90 apiece, as investors sold off positions following the death of a patient enrolled in the first phase of clinical trial testing the efficacy of its pancreatic and lung cancer treatment candidate, ERAS-0015. In a call with analysts, Erasca Inc. (NASDAQ:ERAS) confirmed the death of a 66-year-old man who developed Grade 3 pneumonitis on 24 mg. He was said to have elected to withdraw supportive care, which later resulted in his death. Management deemed the case a “rare event.” ImmunityBio (IBRX) Climbs 7.3% as Firm Nears Development of 'World Bank of NK Cells' For illustration purposes only. Photo by Anthony Skhraba on Pexels Despite the case, Erasca Inc. (NASDAQ:ERAS) maintained ERAS-0015 as potentially the best-in-class amid positive preliminary data from the first phase across all other enrolled patients. According to the company, ERAS-0015 demonstrated favorable response rates, with more than half of enrolled Show less Read more
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