Monte Rosa Hits The Heights With $96m Cash Hike

Formed by Versant And Two UK Cancer Drug Discovery Institutions

The Boston-based biotech has secured a substantial new investment for its protein degradation platform which has the potential to treat currently undruggable cancers in a new way.

Mountains
Monte Rosa hopes to reach the peak of protein degrader space • Source: Shutterstock

Monte Rosa Therapeutics, which only came out of stealth mode in May this year with a $32.5m series A, has closed a $96m series B financing to support the further development of its small-molecule protein degrader pipeline.

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