Full-Time
Posted on 8/18/2026
Develops targeted protein degraders for therapy
$200k - $250k/yr
Boston, MA, USA
In Person
Bachelor's, Master's, PharmD, PhD, MD
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Monte Rosa Therapeutics develops molecular glue degraders (MGDs) to eliminate disease-causing proteins rather than inhibit them. Its QuEEN discovery engine combines AI-guided chemistry, proteomics, structural biology, and diverse chemical libraries to design MGDs that recruit target proteins to an E3 ubiquitin ligase, marking them for destruction by the proteasome. The company operates through internal clinical programs and partnerships with larger pharma, such as Roche and Novartis, to fund development and share milestones and royalties. Its goal is to discover, develop, and commercialize MGDs to treat oncology and autoimmune/inflammatory diseases, expanding the range of druggable targets.
Company Size
201-500
Company Stage
IPO
Headquarters
Boston, Massachusetts
Founded
2018
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BOSTON, May 16, 2024 (GLOBE NEWSWIRE) -- Monte Rosa Therapeutics, Inc. (“Monte Rosa”) (Nasdaq: GLUE), a clinical-stage biotechnology company developing novel molecular glue degrader (MGD)-based medicines, today announced the pricing of an underwritten public offering of 10,638,476 shares of its
Monte Rosa Therapeutics has announced a supply agreement with Johnson & Johnson to evaluate MRT-2359 combined with ERLEADA in metastatic castration-resistant prostate cancer. The company is initiating a Phase 2 trial testing this combination, whilst retaining control of the study and sponsorship. Additional positive clinical data for MRT-2359 in advanced prostate cancer were presented at ASCO GU 2026. Johnson & Johnson will supply ERLEADA, reducing Monte Rosa's cash requirements for sourcing the combination partner. Monte Rosa reported a full-year 2025 net loss of $38.63 million and remains unprofitable, with no profitability forecast over the next three years. Shareholders experienced substantial dilution over the past year, and an $83.63 million shelf registration indicates potential future equity issuance remains possible.
Monte Rosa Therapeutics reported a fourth-quarter loss of $0.55 per share, missing the Zacks Consensus Estimate of a $0.47 loss, representing a negative earnings surprise of 17.02%. This compares to earnings of $0.23 per share in the prior-year period. The biopharmaceutical company posted revenues of $2.78 million for the quarter ended December 2025, missing consensus estimates by 72.9%. Year-ago revenues totalled $60.65 million. Over the past four quarters, the company has surpassed consensus earnings estimates three times and topped revenue estimates three times. Monte Rosa shares have gained 4.3% year-to-date, outperforming the S&P 500's 2.1% decline. However, unfavourable estimate revision trends have resulted in a Zacks Rank of 4 (Sell), suggesting potential near-term underperformance.
Monte Rosa Therapeutics has priced an underwritten public offering at $11.1 million to fund future research and operations. The biopharmaceutical company plans to use proceeds for clinical trials and research and development projects, particularly focusing on innovative cancer therapies. The offering aims to strengthen Monte Rosa's financial flexibility and enhance its competitive position in the biopharmaceutical market. Specific share details were not disclosed. The company expects the funding will help it capitalise on opportunities in the rapidly evolving sector.
Monte Rosa Therapeutics has priced a public offering of 11.125 million shares at $24 each, raising approximately $300 million to fund its clinical-stage biotechnology development. The offering includes pre-funded warrants for 1.375 million shares at $23.9999 each. Jefferies, TD Cowen and Piper Sandler are serving as joint book-running managers for the offering. The proceeds will accelerate Monte Rosa's research on molecular glue degrader medicines, particularly in clinical trials for autoimmune and oncology applications. The funding aims to advance the company's position in the biopharmaceutical industry as it develops its MGD technology platform.