The new developer will focus on the crowded KRAS space and PI3Kα/AKT inhibition, which has been hit by toxicity issues. A new kid on the oncology block emerged last week, with the spin out of BridgeBio’s oncology unit. Formerly known as TheRas, and now named BridgeBio Oncology, the private group has $200m of new money in the bank and a pipeline of three early-stage projects.