Conference call and webcast to be held at 8 a.m. ET on December 16, 2025BOSTON, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Monte Rosa Therapeutics, Inc. (Nasdaq: GLUE), a clinical-stage biotechnology company developing novel molecular glue degrader (MGD)-based medicines, today announced that management will host a live conference call and webcast on Tuesday, December 16, 2025, at 8:00 a.m. ET. The webcast presentation will highlight interim clinical results from the ongoing Phase 1/2 study of the GSPT1-directed MGD ...

Core Insights - Monte Rosa Therapeutics has signed a second collaboration agreement with Novartis to develop novel degraders for immune-mediated diseases, receiving an upfront payment of $120 million and potential total deal value of up to $5.7 billion [3][4][12] - The company is advancing multiple clinical programs, including MRT-8102, MRT-6160, and MRT-2359, with significant milestones expected in the near future [2][11][19] - Monte Rosa's strong cash position, projected to fund operations through 2028, supports ongoing clinical trials and the development of its early-stage portfolio [16][17] Collaboration with Novartis - The agreement with Novartis aims to develop degraders for immune-mediated diseases, with Monte Rosa receiving an upfront payment of $120 million and eligibility for additional payments totaling up to $5.7 billion [3][4] - Monte Rosa will also receive tiered royalties on global net sales in the high single to low double-digit range [4] Clinical Development Programs - MRT-8102, a NEK7-directed MGD, is currently in a Phase 1 study targeting inflammatory diseases, with initial data expected in H1 2026 [5][21] - MRT-6160, a VAV1-directed MGD, is progressing towards multiple Phase 2 studies, with preclinical data supporting its potential in various immune-mediated diseases [11][20] - MRT-2359, a GSPT1-directed MGD, is being evaluated in heavily pretreated metastatic castration-resistant prostate cancer patients, with additional results anticipated by year-end 2025 [7][22] Financial Performance - Collaboration revenue for Q3 2025 was $12.8 million, an increase from $9.2 million in Q3 2024 [13] - Research and development expenses rose to $36.7 million in Q3 2025 from $27.6 million in Q3 2024, driven by advancements in clinical studies [14] - The net loss for Q3 2025 was $27.1 million, compared to a net loss of $23.9 million in Q3 2024 [15][30] Cash Position and Guidance - As of September 30, 2025, the company reported cash and cash equivalents of $396.2 million, up from $295.5 million as of June 30, 2025, primarily due to the Novartis upfront payment [16] - The company expects its cash position to be sufficient to fund operations and capital expenditures through 2028, supporting multiple anticipated clinical readouts [17]

Core Insights - Monte Rosa Therapeutics has entered into an exclusive collaboration with Novartis to develop novel molecular glue degraders for immune-mediated diseases, marking the second agreement between the two companies [1][3][4] - The agreement is structured to accelerate the development of degraders targeting difficult-to-drug immune-mediated diseases, utilizing Monte Rosa's proprietary AI/ML-enabled QuEEN™ product engine [2][3] - Monte Rosa will receive an upfront payment of $120 million and has the potential to earn up to $5.7 billion in total deal value, including various milestone payments and tiered royalties on global net sales [4] Agreement Details - The collaboration allows Monte Rosa to leverage Novartis' development and commercialization capabilities, enhancing the financial position of Monte Rosa and enabling the advancement of its pipeline programs [3][4] - Monte Rosa's pipeline includes multiple undisclosed targets in Th1, Th2, and Th17-driven autoimmune conditions, with plans to provide updates on its cash position in the upcoming earnings report [5] Company Overview - Monte Rosa Therapeutics is focused on developing highly selective molecular glue degrader medicines for serious diseases, including oncology and autoimmune conditions [7] - The QuEEN™ discovery engine combines AI-guided chemistry and structural biology to design MGDs with unprecedented selectivity, positioning Monte Rosa as a leader in the MGD space [7]