$100 million more for Monte Rosa's work on molecular glue degraders

17 May 2024

Boston, USA-based start-up Monte Rosa Therapeutics (Nasdaq: GLUE) intends to raise around $100 million through a public share offering.

The clinical-stage drug developer specializes in novel molecular glue degrader (MGD)-based medicines, for people living with serious diseases.

Founded in 2018, Monte Rosa has raised a total of around $250 million across multiple funding rounds so far, including a series B round which garnered $96 million.

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