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Biotech / Medical : Immunomedics (IMMU) - moderated
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From: erickerickson10/28/2024 7:48:55 AM
2 Recommendations

Recommended By
Oiji
summer_sky

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re: GLUE

from: Monte Rosa Therapeutics Announces Global License Agreement with Novartis to Advance T and B Cell-modulating VAV1-directed Molecular Glue Degraders

Excerpt:

Under the terms of the agreement, Novartis has agreed to pay Monte Rosa $150 million up front. Monte Rosa is eligible to receive up to $2.1 billion in development, regulatory, and sales milestones, beginning upon initiation of Phase 2 studies, as well as tiered royalties on ex-U.S. net sales. Monte Rosa will co-fund any Phase 3 clinical development and will share any profits and losses associated with the manufacturing and commercialization of MRT-6160 in the U.S.

Up 40+% pre-market. Which will actually make my position profitable. Barely. If it holds.
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