Monte Rosa Therapeutics and Novartis Ink $5.7 Billion Collaboration for Novel Degraders in Immune-mediated Diseases
Reuters
Sep 15
Monte Rosa Therapeutics and Novartis Ink $5.7 Billion Collaboration for Novel Degraders in Immune-mediated Diseases
Monte Rosa Therapeutics Inc. has announced a new collaboration with Novartis to develop degraders for treating immune-mediated diseases. Under the agreement, Novartis will receive an exclusive license to an undisclosed discovery target and options to license two programs from Monte Rosa's preclinical immunology portfolio. Monte Rosa is set to receive an upfront payment of $120 million, with the potential to earn up to $5.7 billion, including option maintenance, milestone payments, and tiered royalties on global net sales. This collaboration aims to leverage Monte Rosa's QuEEN™ platform to advance targeted protein degradation therapies.
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