Monte Rosa Therapeutics Announces Collaboration With Roche To Discover Novel Molecular Glue Degraders Targeting Cancer And Neurological Diseases;Monte Rosa To Receive $50M Upfront Payment And Potential Future Payments Of Over $2B
Portfolio Pulse from Benzinga Newsdesk
Monte Rosa Therapeutics has announced a collaboration with Roche to discover novel molecular glue degraders targeting cancer and neurological diseases. Monte Rosa will receive an upfront payment of $50M and potential future payments of over $2B.
October 17, 2023 | 11:01 am
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Roche is partnering with Monte Rosa Therapeutics for the discovery of novel molecular glue degraders. This could potentially enhance Roche's portfolio in cancer and neurological diseases treatment.
The partnership with Monte Rosa Therapeutics could potentially enhance Roche's portfolio in cancer and neurological diseases treatment. This could lead to increased revenues in the future, which is likely to have a positive impact on Roche's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80