Monte Rosa Therapeutics Inc (OQ:GLUE)
Business Focus: Biotechnology & Medical Research
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Company News
May 09, 2024 07:00 ET
Monte Rosa Therapeutics Announces First Quarter 2024 Financial Results and Provides Corporate Update
Monte Rosa Therapeutics, Inc. (Nasdaq: GLUE), a clinical-stage biotechnology company developing novel molecular glue degrader (MGD)-based medicines, today reported business highlights and financial results for the first quarter ending March 31,...
May 02, 2024 16:01 ET
Monte Rosa Therapeutics Announces the Departure of Owen Wallace, Ph.D., Chief Scientific Officer
Monte Rosa Therapeutics, Inc. (Nasdaq: GLUE), a clinical-stage biotechnology company developing novel molecular glue degrader (MGD)-based medicines, today announced that Owen Wallace, Ph.D., the Company’s Chief Scientific Officer will be departing...
Valuation Ratios
Industry
Sector
Beta
N/A
--
--
Price to Sales - TTM
234.13
3.99
3.09
Price to Book - most recent quarter
1.63
2.12
2.16
Price to Cash Flow per share - TTM
--
11.98
13.86
Price to Free Cash Flow per share - TTM
--
27.94
24.29
Business Summary
| Sector: Healthcare | Industry: Biotechnology & Medical Research |
Monte Rosa Therapeutics, Inc. is a clinical-stage biotechnology company. The Company is engaged in developing a portfolio of novel and molecular glue degraders (MGDs) for patients living with serious diseases in the areas of oncology and autoimmune, and more. MGDs are small molecule drugs that employ the body's natural protein destruction mechanisms to selectively degrade therapeutically relevant proteins. It has developed a degradation platform, called Quantitative and Engineered Elimination of Neosubstrates (QuEEN) to enable its target centric MGD discovery and development approach and its rational design of MGD product candidates. Its product candidate, MRT-2359, is an orally bioavailable MGD targeting the translation termination factor protein GSPT1. MRT-2359 is in clinical development for potential use in MYC-driven tumors, including metastatic non-small cell lung cancer, small cell lung cancer and neuroendocrine tumors. Its other product candidates include MRT-6160 and MRT-8102.
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