Meiragtx Holdings Plc Stock Price, News & Analysis

MeiraGTx Holdings plc (Nasdaq:MGTX) announced a public offering of 5,000,000 ordinary shares priced at $12.85 each, with expected gross proceeds of approximately $64.3 million. The underwriters also have a 30-day option to purchase an additional 750,000 shares. The offering is anticipated to close around November 23, 2020. The shares are offered under an effective registration statement previously filed with the SEC. The press release highlights potential risks and uncertainties related to the company's financial performance and market conditions.

MeiraGTx Holdings plc (NASDAQ:MGTX) announced a public offering of 5,000,000 ordinary shares, with a potential additional sale of 750,000 shares by underwriters. The offering is being managed by BofA Securities, Piper Sandler, Evercore ISI, Barclays, and Chardan. Proceeds will fund general corporate purposes, including working capital. This follows an effective shelf registration with the SEC from 2019. The final offering terms will be disclosed later. The company highlighted that the offering is subject to market conditions, and there are no guarantees of completion.

MeiraGTx Holdings (Nasdaq: MGTX) recently presented encouraging data at the AAO 2020 Virtual Annual Meeting, revealing sustained improvements in retinal sensitivity for patients with X-linked retinitis pigmentosa (XLRP) after 12 months of treatment with AAV-RPGR, an investigational gene therapy. In the Phase 1/2 trial, six of seven patients showed stable or improved vision. The trial's primary focus is safety, with plans for a pivotal Phase 3 trial in collaboration with Janssen Pharmaceuticals.

MeiraGTx Holdings, a clinical stage gene therapy company, announced that Alexandria Forbes, Ph.D., CEO, will present at the Barclays Gene Editing & Gene Therapy Summit on November 16, 2020, at 1:30 p.m. ET. The event can be accessed via a live webcast on the company's investors page. MeiraGTx has a robust pipeline with six clinical programs focusing on unmet medical needs in inherited retinal diseases, neurodegenerative diseases, and severe xerostomia. The company aims to advance innovative gene therapy treatments for these serious health conditions.

MeiraGTx (MGTX) announced robust financial results for Q3 2020, reporting a license revenue increase to $5.1 million from $3.6 million in Q3 2019. The firm is preparing to initiate a Phase 3 trial for AAV-RPGR, showing promising vision improvement from Phase 1/2 data. Despite a net loss of $6.4 million, down from $10.5 million a year prior, cash reserves stand at $179.3 million, sufficient to cover expenses into 2022. Construction of a new plasmid production facility in Ireland is on track for completion by year-end 2020, enhancing manufacturing capabilities.

MeiraGTx Holdings plc (Nasdaq: MGTX) announced the presentation of twelve-month results from its ongoing Phase 1/2 clinical trial of AAV-RPGR, an investigational gene therapy for X-linked retinitis pigmentosa (XLRP), at the American Academy of Ophthalmology 2020 Virtual Meeting from November 13-15, 2020. The data, which will be shared by presenter Michel Michaelides, has shown significant improvements in vision and retinal sensitivity. AAV-RPGR has received FDA Fast Track and Orphan Drug designations, enhancing its development prospects.

MeiraGTx Holdings plc (MGTX) presented nine-month data from its Phase 1/2 clinical trial of AAV-RPGR, a gene therapy for X-linked retinitis pigmentosa, at the EURETINA 2020 Virtual Congress. The results showed significant improvements in retinal sensitivity and vision-guided mobility compared to untreated eyes. Specifically, six out of seven patients in low and intermediate dose cohorts maintained or improved retinal sensitivity. The therapy is well-tolerated, with plans to advance into a Phase 3 pivotal study following the ongoing success.

MeiraGTx (Nasdaq: MGTX), a clinical stage gene therapy company, announces that CEO Alexandria Forbes, Ph.D., will present at the Chardan 4th Annual Genetic Medicines Conference on October 5, 2020, at 1:30 p.m. ET. A live webcast of the event will be available on the company's Investors page, with a replay accessible for 30 days post-presentation.

MeiraGTx focuses on developing therapies for unmet medical needs in inherited retinal diseases, neurodegenerative diseases, and severe xerostomia, and boasts a robust pipeline of clinical and preclinical programs.

MeiraGTx Holdings plc (Nasdaq: MGTX) announced that CEO Alexandria Forbes, Ph.D., will present at the Chardan 4th Annual Genetic Medicines Conference on October 5, 2020, at 1:30 p.m. ET. A live webcast will be available on the company's investor webpage, with a replay accessible for 30 days after the event. MeiraGTx is a clinical-stage gene therapy company focusing on unresolved medical needs in inherited retinal diseases, neurodegenerative diseases, and xerostomia, with six clinical development programs and strong capabilities in viral vector design and gene therapy manufacturing.