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Monte Rosa(GLUE.US) Enters Into License Agreement For Molecular Glue Degrader With Novartis(NVS.US)
Generated by AI AgentMarket Intel
Monday, Oct 28, 2024 9:30 am ET1min read
Monte Rosa Therapeutics (GLUE.US) has entered into an exclusive license agreement with Novartis (NVS.US) to advance its VAV1-directed molecular glue degraders (MGD), including MRT-6160, for autoimmune diseases. Monte Rosa's shares jumped nearly 50% before the US market opened on Monday on news of the deal.
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