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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating expenses:        
Research and development $ 28,184 $ 19,951 $ 83,101 $ 49,794
In-process research and development   1,680 2,000 10,848
General and administrative 8,778 6,916 24,271 15,696
Contribution of common stock to Erasca Foundation   17,497   17,497
Total operating expenses 36,962 46,044 109,372 93,835
Loss from operations (36,962) (46,044) (109,372) (93,835)
Other income (expense)        
Interest income 1,522 49 2,024 110
Other expense (49) (74) (207) (190)
Change in fair value of preferred stock purchase right liability       1,615
Total other income (expense), net 1,473 (25) 1,817 1,535
Net loss $ (35,489) $ (46,069) $ (107,555) $ (92,300)
Net loss per share, basic $ (0.29) $ (0.46) $ (0.90) $ (1.90)
Net loss per share, diluted $ (0.29) $ (0.46) $ (0.90) $ (1.90)
Weighted-average shares of common stock used in computing net loss per share, basic 120,798,322 99,127,286 120,166,023 48,584,029
Weighted-average shares of common stock used in computing net loss per share, diluted 120,798,322 99,127,286 120,166,023 48,584,029
Other comprehensive income (loss):        
Unrealized (loss) gain on marketable securities, net $ (156) $ 1 $ (1,217) $ (2)
Comprehensive loss $ (35,645) $ (46,068) $ (108,772) $ (92,302)