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Stock impact report

Pallas Capital Backs Monte Rosa Therapeutics, Inc. (GLUE) Amid Growth Prospects [Yahoo! Finance]

Monte Rosa Therapeutics, Inc. (GLUE) 
Company Research Source: Yahoo! Finance
quarter, Pallas Capital Advisors acquired a new position in Monte Rosa Therapeutics, Inc. (NASDAQ:GLUE) through the purchase of 13,182 shares of the company's stock. According to the latest filing with the SEC, the firm's investment in the company is approximately $59,000. There are many advocates for Monte Rosa Therapeutics, Inc. (NASDAQ:GLUE), and it comes as no surprise. The company has managed to strike another deal with Novartis, which involves both companies developing molecular glue degraders for immune-mediated disorders. This is yet another major highlight as it brings forth $120 million in proceeds, along with the potential to generate $5.7 billion in milestone payments. Why Core Scientific Inc. (CORZ) Skyrocketed Today If that weren't already a strong case, Monte Rosa Therapeutics, Inc. (NASDAQ:GLUE) has been awarded IND clearance from the FDA to accelerate MRT-8102, a second molecular glue degrader. As long as the company executes its initiatives successfully, we hav Show less Read more
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