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Erasca Brings In $36M More For Series B For Cancer Treatments

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, creating oncology drugs intended to provide precision oncology options, closed on an additional $36 million to bring its Series B financing round to a total of $236 million, the company said Monday.

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New investors to the round included and , the company said in a . The San Diego-based company began raising its Series B back in April with a $200 million round. That round was led by and, and included participation from new investors, and.

Including the new funding, Erasca has raised a total of $300 million since the company鈥檚 inception in 2018.

Erasca, which draws its name from 鈥渆rase cancer,鈥 will use the funding to 鈥渢o support the clinical development of multiple promising oncology programs, continue driving corporate development efforts and further advance the company鈥檚 in-house drug discovery pipeline,鈥 the company said. It isn鈥檛 clear which types of cancer the company is developing treatments for.

This is Partner Fund Management鈥檚 , according to 附近上门 data. It also invested in companies addressing various aspects of the health care industry, including , and . Meanwhile, OrbiMed has made 29 investments, according to 附近上门 data. That includes eight investments in August, the most recent , another startup fighting difficult-to-treat cancers, which raised a $98 million Series C last week.

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