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Under the terms of the agreement, Novartis will obtain exclusive worldwide rights to develop, manufacture, and commercialize MRT-6160 and other VAV1 MGDs and will be responsible for all clinical development and commercialization, starting with Phase 2 studies.Monte Rosa will co-fund any Phase 3 clinical development and share any profits and losses associated with the manufacturing and commercialization of MRT-6160 in the U.S.Monte Rosa remains responsible for completing the ongoing Phase 1 c","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/I2_HqG75E.zGHmXM_Effcg--~B/aD01NjM7dz0xMDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/Benzinga/06b67cf2ce9901a167abbb87946fc277","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/I2_HqG75E.zGHmXM_Effcg--~B/aD01NjM7dz0xMDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/Benzinga/06b67cf2ce9901a167abbb87946fc277"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/why-monte-rosa-therapeutics-stock-124631660.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4578","BK4532","IE0002141913.USD","IE00BJJMRZ35.SGD","BK4539","IE00B4R5TH58.HKD","GLUE","IE00BJT1NW94.SGD","IE0009355771.USD","BK4585","LU0211331839.USD","IE00BFTCPJ56.SGD","BK4139","IE00B2B36J28.USD","BK4007","BK4588","NVS"],"gpt_icon":0},{"id":"2478101332","title":"Top Premarket Gainers","url":"https://stock-news.laohu8.com/highlight/detail?id=2478101332","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2478101332?lang=en_us&edition=fundamental","pubTime":"2024-10-28 19:48","pubTimestamp":1730116088,"startTime":"0","endTime":"0","summary":"Evoke Pharma (EVOK) shares surged more than 130% pre-bell Monday after the company reported results from a real-world study showing significant statistical improvement for its diabetic gastroparesis n","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["IE0002141913.USD","BK4007","GLUE","BK4585","IE0009355771.USD","IE00B2B36J28.USD","BK4539","IE00B4R5TH58.HKD","LU0211331839.USD","IE00BFTCPJ56.SGD","FIAC","BK4588","BK4532","EVOK","IE00BJJMRZ35.SGD","BK4578","IE00BJT1NW94.SGD","LU0053671581.USD","RVNC","BK4139","MEIP","NVS"],"gpt_icon":1},{"id":"2478109025","title":"Monte Rosa Therapeutics Enters Global License Deal With Novartis; Shares Jump Pre-Bell","url":"https://stock-news.laohu8.com/highlight/detail?id=2478109025","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2478109025?lang=en_us&edition=fundamental","pubTime":"2024-10-28 19:47","pubTimestamp":1730116069,"startTime":"0","endTime":"0","summary":"Monte Rosa Therapeutics  said Monday that it has entered into a global development and commercialization license agreement with Novartis  for VAV1-directed molecular glue degraders, including MRT-6160.The agreement gives Novartis exclusive global rights to develop, manufacture, and commercialize MRT-6160 and other VAV1 MGDs, Monte Rosa said. Novartis will conduct the clinical studies of MRT-6160, starting with the phase 2 trial, while Monte Rosa is in charge of completing the ongoing phase 1 clinical study, Monte Rosa added.Monte Rosa said it will receive $150 million upfront from Novartis and will be eligible to receive up to $2.1 billion in development, regulatory, and sales milestones as well as royalties on ex-US net sales.Monte Rosa added that it will co-fund phase 3 development and share any profits and losses from the manufacturing and commercialization of MRT-6160 in the US.Monte Rosa's shares jumped more than 39% in recent premarket activity while Novartis shares were down 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