OncologyKnife fightData as of 2026-09-04
Colorectal Cancer is one of the more crowded fields on the map: 7 companies in the clinic, ranking it 18th of 299 indications by competitor count. The median competitor is worth $723M, below the $1.20B median of the universe.
That gap is the crowding discount. When a field is deep the market pays less per company, because the same eventual revenue has to be split across more shots on goal.
3 of the 7 are in Phase 3 or filed, and 7 dated catalysts fall in the next 12 months, so this ranking is likely to move.
$5.9B of allocated capital sits in Colorectal Cancer, ranking it 30th of 299 indications by the money committed to it.
| Ticker | Company | Lead asset | Phase | Trials | Market cap | Pure play | Indications | Next catalyst |
|---|---|---|---|---|---|---|---|---|
| EXEL | Exelixis | XL092 | Phase 3 | 3 | $14.7B | No | 11 | 3 Dec 2026 |
| SMMT | Summit Therapeutics | ivonescimab | Phase 3 | 4 | $13.7B | No | 5 | 14 Nov 2026 |
| AGEN | Agenus | Botensilimab | Phase 3 | 6 | $371M | No | 7 | 31 Dec 2026 |
| VSTM | Verastem | VS-7375 | Phase 2 | 1 | $723M | No | 8 | 31 Dec 2026 |
| IMNM | Immunome | 1617 | Phase 1 | 1 | $3.1B | No | 2 | 31 Dec 2026 |
| LYEL | Lyell Immunopharma | LYL273 | Phase 1 | 1 | $351M | No | 3 | 31 Dec 2026 |
| DTIL | Precision BioSciences | CEA-targeted CAR-T cells | Phase 1 | 2 | $203M | No | 16 | 31 Dec 2026 |
Sorted by phase, then by market capitalisation. Ticker links open the company profile. EXEL holds 44% of the $33.0B competing in this indication.
Crowded and cheaply priced. Six or more competitors and a median company below the universe median.
Oncology holds $187B of the map's capital, 27.8% of the total, spread across 119 indications and 103 companies. 34 of those indications have more than one company competing.
See every Oncology indication on the map7 US-listed companies in the $100M to $20B market cap band run clinical programmes in Colorectal Cancer. The largest and most advanced are Exelixis (EXEL, XL092, Phase 3); Summit Therapeutics (SMMT, ivonescimab, Phase 3); Agenus (AGEN, Botensilimab, Phase 3); Verastem (VSTM, VS-7375, Phase 2); Immunome (IMNM, 1617, Phase 1). The full list of 7 is in the table on this page.
Of the 7 clinical-stage programmes in Colorectal Cancer, 3 are in Phase 3 or filed, 1 is in mid-stage development and 3 are in early-stage development.
The median company developing a drug for Colorectal Cancer is worth $723M, against a median of $1.20B across the whole universe. $5.9B of allocated capital sits in the indication, ranking it 30th of 299.
The next dated catalyst in Colorectal Cancer is SMMT on 14 Nov 2026. 7 dated events across the field fall in the next 12 months.
Allocated capital divides each company’s market capitalisation evenly across the indications it is running clinical programmes in, so every dollar of the universe is counted exactly once. Total market capitalisation competing counts a company in each of its indications and therefore sums to more than the universe.
Third-party market size estimates are not used anywhere on this page. Approved incumbents are excluded from competitor counts, and companies above $20B are outside the universe by construction.
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