Detail akcie Monte Rosa Therp Rg online

Business Summary: 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.
Financial Summary: BRIEF: For the three months ended 31 March 2024, Monte Rosa Therapeutics Inc revenues increased from $0K to $1.1M. Net loss remained flat at $32M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Foreign currency exchange loss, net increase from $85K (expense) to $620K (income), Labor & Related Expenses i decrease of 19% to $1.7M (expense).