LifeSci Capital Sticks to Their Buy Rating for Monte Rosa Therapeutics (GLUE)This morning, Monte Rosa (Nasdaq: GLUE) announced a second collaboraon agreement with Novars (NYSE: NVS) regarding 1) an exclusive license to an undisclosed discovery target and 2) opons to license two programs from the Company's preclinical immunology porolio. As it relates to the agreement, in today's press release, Monte Rosa added that: "The agreement further strengthens our financial posion, which allows us to progress our wholly owned programs, including mulple undisclosed targets in Th17-driven autoimmune condions, and provides runway beyond mulple ancipated Phase 2 readouts for We'll note that Monte Rosa will receive an upfront payment of $120M from Novars under the terms of the agreement, and that the Company's publicly disclosed pipeline assets (VAV1, NEK7, GSPT1, CDK2/CCNE) are outside the scope of the collaboraon.