Company: ERAS
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042682
Chunk: 82

Company: Erasca, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1
Chunk 82
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 clinical trial process. Regulatory approval does not expire.

Licensing requirement

Separate from the approval requirement, it is also mandatory to possess a distribution license of an appropriate class for the manufacturer to commercially distribute the product in Japan. Non-Japanese companies who possess only the product approval may designate an appropriate license holder in Japan to commercially distribute the product, rather than distributing it on its own. The license is valid for 5 years.

Facilities

Our corporate headquarters is located in San Diego, California, where we lease 77,828 square feet of office and laboratory space pursuant to a lease that expires in April 2032 and may be terminated early under certain circumstances. In January 2024, we entered into an agreement to sublease approximately 10,000 square feet of such office space. The agreement has a term of three years, and includes an option for the subtenant to renew for an additional year and an early termination clause. In July 2024, we entered into a second agreement to sublease approximately 18,000 square feet of such office space. The agreement has a term of 61 months beginning in October 2024, and includes an option for the subtenant to renew for an additional year and an early termination clause. In September 2024, we entered into a third agreement to sublease approximately 5,000 square feet of such office and laboratory space. The agreement has a term of one year, and includes an option for the subtenant to renew for an additional year. 

We also lease 29,542 square feet of office and laboratory space in South San Francisco, California, pursuant to a lease that expires in October 2032, with an option to extend the term by five years, subject to certain conditions. 

We believe our existing facilities are adequate to meet our current business requirements for the near term, and that additional space will be available on commercially reasonable terms, if required.

Employees

As of February 28, 2025, we had 103 full-time employees (FTEs), 33 of whom have doctorate degrees. Of our FTEs, 68 are engaged in research and development activities, and 35 are engaged in general and administrative activities. The majority of our employees are located in San Diego County, California. None of our employees are represented by labor unions or covered by collective bargaining units. We consider our relationship with our employees to be good.

Our human resources objectives include, as applicable, identifying, recruiting, retaining, incentivizing, and integrating our existing