Welcome to our dedicated page for Meiragtx Holdings Plc news (Ticker: MGTX), a resource for investors and traders seeking the latest updates and insights on Meiragtx Holdings Plc stock.
MeiraGTx Holdings Plc (NASDAQ: MGTX) is a clinical-stage leader in gene therapy innovation, developing transformative treatments for ocular, neurological, and salivary gland disorders. This dedicated news hub provides investors and industry professionals with timely updates on the company’s progress, regulatory milestones, and strategic initiatives.
Access authoritative information directly from corporate announcements and verified sources. Track developments across MeiraGTx’s pipeline including clinical trial results for inherited retinal diseases, Parkinson’s disease research updates, and advancements in radiation-induced xerostomia therapies. The repository also features financial disclosures, manufacturing expansions, and partnership announcements.
Key updates include progress on the company’s proprietary riboswitch platform, AAV vector manufacturing innovations, and regulatory interactions. All content is curated to support informed analysis of MeiraGTx’s position in the gene therapy landscape while maintaining strict compliance with financial reporting standards.
Bookmark this page for streamlined access to essential MGTX updates. Combine our news tracking with Stock Titan’s analysis tools to monitor the company’s progress in advancing genetic medicines from clinical development to potential commercialization.
MeiraGTx Holdings plc (Nasdaq: MGTX) announced positive top-line data from its clinical bridging study of AAV-GAD for the treatment of Parkinson's disease. The study, MGT-GAD-025, was a 6-month, three-arm, randomized, double-blind, sham-controlled trial. Key findings include:
1. The primary objective of safety and tolerability was met, with no serious adverse events related to AAV-GAD treatment.
2. The high dose group showed a statistically significant 18-point average improvement in UPDRS Part 3 'off' medication score at Week 26 (p=0.03).
3. Both high and low dose groups demonstrated significant improvements in the PDQ-39 quality of life score at Week 26.
4. A dose response was observed in the PDQ-39 score, with 100% of high dose participants reporting improvement.
The company views these results as encouraging for the potential of AAV-GAD as a disease-modifying treatment for Parkinson's disease.
MeiraGTx Holdings plc (Nasdaq: MGTX) announced a $50 million offering of ordinary shares led by Sanofi and reported Q2 2024 financial results. Key highlights include:
1. Positive data from Phase 1 AQUAx study in radiation-induced xerostomia presented at AAOM 2024.
2. Innovation Passport Designation awarded for AAV8-RK-AIPL1 treatment of LCA4.
3. Enrollment continues in pivotal Phase 2 AQUAx2 clinical trial for xerostomia.
4. Anticipating results from AAV-GAD Parkinson's disease study in Q4 2024.
5. Expecting data from Phase 3 LUMEOS trial of bota-vec for XLRP in 2024.
6. Cash and equivalents of $100 million as of June 30, 2024.
7. Q2 2024 net loss of $48.6 million, or $0.76 per share.
MeiraGTx Holdings plc (Nasdaq: MGTX), a clinical stage genetic medicine company, has announced the pricing of an underwritten offering of 12,500,000 ordinary shares at $4.00 per share. The offering, expected to close on August 13, 2024, aims to raise $50 million in gross proceeds. Sanofi led the financing with a $30 million equity investment, joined by Perceptive Advisors and other institutional healthcare funds. BofA Securities is acting as the sole underwriter. The offering is made pursuant to an effective shelf registration statement filed with the SEC on December 21, 2023.
MeiraGTx reported positive data from the Phase 1 AQUAx study, received a $50 million milestone for the Phase 3 LUMEOS clinical trial, and remains on track with clinical development for various programs. The company highlighted significant progress in gene therapy programs for xerostomia and Parkinson's disease. The riboswitch platform shows promising results in metabolic disease models. Financially, the company had cash and cash equivalents of $120.3 million as of March 31, 2024, and anticipates having sufficient capital until the first quarter of 2026.
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