Stock Markets February 24, 2026

Monte Rosa Stock Climbs After Promising MRT-2359 Prostate Cancer Data

Phase 1/2 combination results show high response and disease control in AR-mutant mCRPC cohort, company outlines Phase 2 plans

By Maya Rios GLUE
Monte Rosa Stock Climbs After Promising MRT-2359 Prostate Cancer Data
GLUE

Monte Rosa Therapeutics saw its shares rise in premarket trading after presenting Phase 1/2 data for MRT-2359 combined with enzalutamide in metastatic castration-resistant prostate cancer. The data showed complete PSA responses and disease control in a small AR-mutant subgroup and a broader RECIST disease control rate across evaluable patients, with tolerability described as mainly low-grade adverse events. The company announced intent to start a Phase 2 study in the third quarter of 2026.

Key Points

  • Monte Rosa shares rose 3.9% in premarket trading after presentation of Phase 1/2 data for MRT-2359 plus enzalutamide.
  • In mCRPC patients with AR mutations, the combination produced a 100% PSA response rate (5 of 5) and a 100% disease control rate, including two RECIST partial responses and three cases of stable disease with reductions in target lesion size.
  • Across all 15 evaluable patients, the RECIST disease control rate was 67% with 10 of 15 showing tumor size reductions; the trial population was heavily pretreated (78% prior second-generation AR inhibitor, 83% prior taxane chemotherapy).

Monte Rosa Therapeutics Inc (NASDAQ:GLUE) shares gained 3.9% in premarket trading Tuesday after the company disclosed clinical data from its Phase 1/2 study evaluating MRT-2359 in combination with enzalutamide for metastatic castration-resistant prostate cancer (mCRPC).

The company highlighted a notably strong response in the subgroup of patients carrying androgen receptor (AR) mutations. In that cohort, all 5 of 5 patients achieved a 100% prostate-specific antigen (PSA) response rate and a 100% disease control rate. Within that group, two patients registered RECIST partial responses while three had stable disease, and each of those five patients experienced reductions in the size of target lesions.

Looking at the larger evaluable population, Monte Rosa reported that 10 of 15 patients demonstrated reductions in target lesion size, yielding an overall RECIST disease control rate of 67% across all 15 evaluable patients. The study population was described as heavily pretreated: 78% of patients had prior therapy with a second-generation AR inhibitor and 83% had previously received taxane chemotherapy.

Safety findings were presented as generally manageable. The combination of MRT-2359 and enzalutamide produced mostly Grade 1-2 adverse events, with the most common events listed as fatigue, diarrhea, nausea and decreased appetite. The company said no patients discontinued therapy as a result of adverse events.

These data were presented at the 2026 ASCO GU Symposium in San Francisco on Wednesday. Monte Rosa said it plans to initiate a Phase 2 study of MRT-2359 in combination with a second-generation AR inhibitor in the third quarter of 2026. That planned Phase 2 will enroll up to 25 mCRPC patients with AR mutations and will use a two-stage design.

MRT-2359 is described by the company as an investigational, orally bioavailable molecular glue degrader targeting GSPT1. The drug’s mechanism involves disrupting translation through selective degradation of the translation termination factor GSPT1 - a protein the company says MYC-driven cancers rely on for rapid growth.

The clinical readout and the company announcement on development plans were followed by the premarket uptick in GLUE shares.


Summary of key trial facts

  • AR-mutant cohort: 5 of 5 patients with 100% PSA response and 100% disease control.
  • Overall evaluable population: 10 of 15 patients showed tumor size reductions; RECIST disease control rate 67%.
  • Safety: Mostly Grade 1-2 adverse events; no discontinuations due to adverse events.

Risks

  • Small sample sizes in reported subgroups - the AR-mutant cohort comprised only 5 patients, which limits the precision of the reported response rates.
  • The study population was heavily pretreated, which may affect variability in outcomes and the generalizability of results to broader mCRPC populations.
  • While adverse events were mainly Grade 1-2, longer follow-up and larger cohorts will be required to fully characterize safety and tolerability.

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