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0.00316455696202539 0.00474683544303801 0 -0.00632911392405064 -0.00316455696202525 0.17998417721519 0.268987341772152 0.248417721518987
Stock impact report

Why Is Monte Rosa Therapeutics Stock Surging On Monday? [Yahoo! Finance]

Monte Rosa Therapeutics, Inc. (GLUE) 
Company Research Source: Yahoo! Finance
commercialization license agreement with Novartis AG (NYSE: NVS ) to advance VAV1 MGDs, including MRT-6160 MRT-6160 is currently in an ongoing Phase 1, single ascending dose (SAD)/multiple ascending dose (MAD) healthy volunteer study for immune-mediated conditions. Also Read: Monte Rosa Therapeutics' AI And Machine Learning Platform Is Adding Significant Value Creation in Cancer Research: Analyst Under the terms of the agreement, Novartis will obtain exclusive worldwide rights to develop, manufacture, and commercialize MRT-6160 and other VAV1 MGDs and will be responsible for all clinical development and commercialization, starting with Phase 2 studies. Novartis has agreed to pay Monte Rosa $150 million upfront. Monte Rosa is eligible to receive up to $2.1 billion in development, regulatory, and sales milestones, beginning upon initiation of Phase 2 studies, and tiered royalties on ex-U.S. net sales. Monte Rosa will co-fund any Phase 3 clinical development and share any profi Show less Read more
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