Monte Rosa Therapeutics announced a global agreement with Novartis for the development and commercialization of its VAV1 molecular glue degrader MRT-6160, receiving an upfront payment of $150 million and potential milestone payments up to $2.1 billion. MRT-6160, currently in Phase I for immune-mediated conditions, is described as a potent, selective, and orally bioavailable degrader of VAV1, showing promising activity in preclinical models.