Positive signs for Monte Rosa in early data
Monte Rosa Therapeutics (Nasdaq: GLUE), a US biotech developing novel molecular glue degrader (MGD)-based medicines, closed Thursday’s trading more than 5% higher.
The company earlier announced an update on MRT-6160, which is part of an agreement with Swiss pharma giant Novartis (NOVN: VX) announced last year worth $150 million upfront and up to $2.1 billion in total.
These results of the MRT-6160 Phase I SAD/MAD study demonstrate deep VAV1 degradation of greater than 90%, significant T and B cell functional inhibition, as well as significant inhibition of cytokine release from T and B cells following ex-vivo stimulation, and a favorable safety profile.
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