• Monte Rosa Therapeutics and Novartis have entered an exclusive agreement to develop and commercialize VAV1 molecular glue degraders, including MRT-6160.
• Novartis will gain worldwide rights for MRT-6160 development, manufacturing, and commercialization, commencing with Phase 2 studies, while Monte Rosa completes Phase 1.
• MRT-6160, an orally bioavailable VAV1 degrader, has shown promise in preclinical models for various immune-mediated conditions by decreasing linked cytokines.
• The agreement includes a $150 million upfront payment to Monte Rosa, with potential milestones reaching $2.1 billion, plus royalties on ex-U.S. sales.