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Monte Rosa Therapeutics, Inc. - GLUE STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Monte Rosa Therapeutics 's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Monte Rosa Therapeutics 's position in the market.

Rhea-AI Summary
Monte Rosa Therapeutics announces interim data from Phase 1 study of MRT-2359 in MYC-driven solid tumors
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Monte Rosa Therapeutics announces strategic collaboration and licensing agreement with Roche
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Rhea-AI Summary
Monte Rosa Therapeutics (Nasdaq: GLUE) provided business highlights and financial results for Q2 2023. They announced the development candidate MRT-6160 for the treatment of autoimmune diseases and received Orphan Drug Designation for MRT-2359 for small cell lung cancer. They also announced the resignation of their CFO. R&D expenses for Q2 2023 were $29.1 million, and G&A expenses were $8.1 million. Net loss for Q2 2023 was $35.2 million. Cash position as of June 30, 2023, was $207.6 million, expected to sustain operations until 2025.
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Monte Rosa Therapeutics, Inc.

Nasdaq:GLUE

GLUE Rankings

GLUE Stock Data

297.92M
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.