Monte Rosa enters collaboration with Roche

17 October 2023

In what the company said was a big day for Monte Rosa Therapeutics (Nasdaq: GLUE), a clinical-stage biotech company developing novel molecular glue degrader (MGD)-based medicines, the company announced two major milestones.

However, investors were not impressed, sending its shares down 20% at $4.00

First up, Monte Rosa signed strategic collaboration with Swiss pharma giant Roche (ROG: SIX) to discover novel MGDs targeting cancer and neurological diseases.

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