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Monte Rosa Therapeutics, Inc. - $GLUE STOCK NEWS

Welcome to our dedicated page for Monte Rosa Therapeutics news (Ticker: $GLUE), a resource for investors and traders seeking the latest updates and insights on Monte Rosa Therapeutics stock.

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Monte Rosa Therapeutics (Nasdaq: GLUE), a clinical-stage biotech company, announced the pricing of a $100 million underwritten public offering. The offering includes 10,638,476 shares of common stock at $4.70 per share and pre-funded warrants for 10,638,524 shares at $4.6999 per warrant. The offering's gross proceeds are expected to be approximately $100 million. The transaction, led by Dimension and a life-sciences focused institutional investor, is set to close on or about May 20, 2024, pending customary conditions. TD Cowen and Wedbush PacGrow are the joint book-running managers. This offering uses a shelf registration statement filed with the SEC in July 2022.

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Monte Rosa Therapeutics (Nasdaq: GLUE), a clinical-stage biotech firm, announced an underwritten public offering of its common stock and pre-funded warrants. This move aims to sell common stock shares and pre-funded warrants to certain investors. The offering is governed by market conditions and may not be completed. TD Cowen and Wedbush PacGrow are managing the offering. These securities are offered under a pre-filed registration statement with the SEC. Details of the offering will be available on the SEC website. This announcement does not constitute a sale offer in any jurisdiction where such activities are illegal.

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Monte Rosa Therapeutics, a clinical-stage biotech company, reported Q1 2024 financial results and progress on MGD-based medicines programs. MRT-2359 for solid tumors, MRT-6160 for autoimmune diseases, MRT-8102 for inflammatory diseases, and CCNE1 discovery program are advancing. Strong cash position to fund operations till H1 2026. Positive business outlook with advancements in clinical trials and new discovery programs.

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Monte Rosa Therapeutics announced the departure of Owen Wallace, Ph.D., as Chief Scientific Officer, effective May 17, 2024. Dr. Wallace will transition to a Chief Executive Officer role at a UK-based biotechnology company but will stay on as a scientific advisor to Monte Rosa, serving on their Scientific Advisory Board. The company's drug discovery organization will be led by a highly accomplished team, ensuring continuity and progress in their MGD programs.

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Monte Rosa Therapeutics, Inc. (Nasdaq: GLUE) reports progress in developing molecular glue degrader medicines for MYC-driven solid tumors and autoimmune diseases. The company's MRT-2359, MRT-6160, and MRT-8102 programs are advancing with expected milestones. A strategic collaboration with Roche and strong cash position bolster future prospects.
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Monte Rosa Therapeutics, Inc. announces the nomination of MRT-8102 as the first NEK7-directed development candidate targeting inflammatory diseases driven by IL-1β and the NLRP3 inflammasome. IND submission expected in Q1 2025.
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Monte Rosa Therapeutics (Nasdaq: GLUE) announced their participation in two investor conferences, with the CEO and CMO presenting at Guggenheim 6th Annual Biotechnology Conference and TD Cowen 44th Annual Health Care Conference respectively. The webcasts will be available on the company's website.
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Monte Rosa Therapeutics (Nasdaq: GLUE) anticipates significant progress in 2024 with the ongoing Phase 1/2 clinical trial of MRT-2359 in MYC-driven solid tumors, including anticipated RP2D announcement in Q2 2024. The company has also received US FDA Fast Track Designation for MRT-2359 for previously treated, metastatic small cell lung cancer with L- or N-MYC expression. Additionally, MRT-6160, a VAV1-directed MGD, is expected to initiate a Phase 1 study in mid-2024, and the company has a strong cash position expected to fund operations into H1 2026.
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Monte Rosa Therapeutics, Inc. (Nasdaq: GLUE) announced that CEO Markus Warmuth, M.D. will present at the 42nd Annual J.P. Morgan Healthcare Conference on January 10, 2024. The presentation will focus on the company's development of novel molecular glue degrader-based medicines.
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Monte Rosa Therapeutics (MRTX) will participate in a fireside discussion at the 35th Annual Piper Sandler Healthcare Conference in New York City on November 28, 2023. The company is a clinical-stage biotechnology firm developing novel molecular glue degrader (MGD)-based medicines.
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Monte Rosa Therapeutics, Inc.

Nasdaq:GLUE

GLUE Rankings

GLUE Stock Data

263.67M
23.65M
0.86%
98.48%
3.36%
Biological Product (except Diagnostic) Manufacturing
Manufacturing
Link
United States of America
BOSTON

About GLUE

small molecule protein degraders are set to reshape the way by which diseases will be treated. our rational approach in targeting disease-causing proteins for degradation will deliver pioneering therapies for cancer and beyond. headquartered in boston with additional laboratory facilities in basel, monte rosa therapeutics is a private company launched in 2020. initially seeded by versant ventures and incubated at ridgeline discovery in basel, and the institute of cancer research in london, monte rosa has raised $32.5 million from versant and new enterprise associates. academic co-founders are prof. raj chopra and prof. ian collins of the institute for cancer research, uk.