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New Company, Big Goal: Serial Entrepreneur Jonathan Lim Launches Erasca To 'Erase Cancer'

 
• By Mandy Jackson

Lim, CEO of Ignyta when it was sold to Roche earlier this year, has moved on to the start-up Erasca with $42m in Series A venture cash to develop "precision oncology" drugs.

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Jonathan Lim's latest start-up Erasca was established this year to develop "precision oncology" drugs designed to erase cancer, but while the firm was able to entice venture capital investors with enough details to support a $42m Series A round, the former Ignyta Inc. CEO is declining to precisely describe the new company's small molecules until they move into clinical trials.

Lim told Scrip that Erasca came together earlier this year based on intriguing targeted cancer drug programs emerging from academic labs as he was transitioning Ignyta's assets to Roche after the big pharma agreed to buy the San Diego biotechnology firm for $1.7bn at the end of 2017

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