Monte Rosa Therapeutics
General Information | |
Business: | We are a biopharmaceutical company developing a portfolio of novel small molecule precision medicines that employ the body’s natural mechanisms to selectively degrade therapeutically-relevant proteins. We have developed a proprietary protein degradation platform, called QuEEN, that enables us to rapidly identify protein targets and molecular glue degrader, or MGD, product candidates that are designed to eliminate therapeutically-relevant proteins in a highly selective manner. We believe our small molecule MGDs may give us significant advantages over existing therapeutic modalities, including other protein degradation approaches, by allowing us to target proteins that have been considered undruggable or inadequately drugged. We focus on therapeutic targets backed by strong biological and genetic rationale with the goal of discovering and developing novel precision medicines. These opportunities include oncology and non-oncology indications, including immunology, inflammation, neurological and genetic diseases. Our lead program is a series of selective and orally bioavailable GSPT1-directed MGD molecules, one of which we plan to evaluate in molecularly-defined subsets of Myc-driven cancers. We expect to select a development candidate in the second half of 2021 and submit an Investigational New Drug application, or IND, with the U.S. Food and Drug Administration, or the FDA, in the first half of 2022. Beyond our lead program, we have a number of discovery programs in our pipeline and intend to nominate at least two for lead optimization in 2021. |
Industry: | BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) |
Employees: | 75 |
Founded: | 2019 |
Contact Information | |
Address | 645 Summer Street, Suite 102, Boston, MA 02210, US |
Phone Number | (617) 949-2643 |
Web Address | https://www.monterosatx.com |
View Prospectus: | Monte Rosa Therapeutics |
Financial Information | |
Market Cap | $765.7mil |
Revenues | $0 mil (last 12 months) |
Net Income | $-43.9 mil (last 12 months) |
IPO Profile | |
Symbol | GLUE |
Exchange | NASDAQ |
Shares (millions): | 11.7 |
Price range | $19.00 - $19.00 |
Est. $ Volume | $222.3 mil |
Manager / Joint Managers | J.P. Morgan/ Cowen and Company/ Piper Sandler/ Guggenheim Securities |
CO-Managers | - |
Expected To Trade: | 6/24/2021 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |