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Metagenomi, Inc. - $MGX STOCK NEWS

Welcome to our dedicated page for Metagenomi news (Ticker: $MGX), a resource for investors and traders seeking the latest updates and insights on Metagenomi stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Metagenomi's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Metagenomi's position in the market.

Rhea-AI Summary

Metagenomi, Inc. (Nasdaq: MGX) has regained full control of its gene editing technologies, including base editors and RIGS systems, previously under exclusive rights with Moderna, Inc. The termination of the collaboration on primary hyperoxaluria type 1 (PH1) has allowed Metagenomi to focus on developing therapies for Alpha-1 antitrypsin deficiency and Wilson’s disease, enhancing its strategic flexibility and control. The company aims to accelerate the advancement of its gene editing technologies and engage in target-specific applications through partnerships.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.36%
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Rhea-AI Summary
Metagenomi, Inc. (Nasdaq: MGX) to present at the World Federation of Hemophilia World Congress and the American Society of Gene & Cell Therapy Annual Meeting. The company will showcase its gene editing approach for Hemophilia A and novel CRISPR effectors and base editors discovered from metagenomics.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
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conferences
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Rhea-AI Summary
Metagenomi, Inc. (MGX) demonstrates proof of concept in Hemophilia A program for nonhuman primates, progresses towards Development Candidate nomination by mid-year. Recent achievements include successful gene editing and closing of $93.75 million IPO. Financially, cash position is strong at $271.2 million as of December 31, 2023. R&D expenses were $94.4 million for 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.03%
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Rhea-AI Summary
Metagenomi, Inc. (Nasdaq: MGX) announces CEO's participation in a panel on genetic therapy at Cowen Healthcare Conference. The event will focus on emerging genetic therapy approaches, showcasing the company's commitment to developing curative therapeutics. Investors can access the live webcast on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.18%
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conferences
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Rhea-AI Summary
Metagenomi, Inc. (Nasdaq: MGX) successfully closed its initial public offering, raising approximately $93.75 million through the sale of 6,250,000 common shares at $15.00 per share. The underwriters have the option to purchase an additional 937,500 shares at the same price. The company's shares started trading on the Nasdaq Global Select Market under the ticker symbol 'MGX' on February 9, 2024.
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Rhea-AI Sentiment
End-of-Day
4.79%
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Rhea-AI Summary
Metagenomi, Inc. (Nasdaq: MGX) has announced the pricing of its initial public offering of 6,250,000 shares of its common stock at a price to the public of $15.00 per share. The gross proceeds to Metagenomi from the offering are expected to be $93,750,000. The company has also granted the underwriters a 30-day option to buy an additional 937,500 shares of its common stock at the initial public offering price. The shares are expected to begin trading on the Nasdaq Global Select Market on February 9, 2024 under the ticker symbol MGX. The offering is expected to close on February 13, 2024. J.P. Morgan, Jefferies, TD Cowen, Wells Fargo Securities, and BMO Capital Markets are acting as joint book-running managers, with Chardan as the lead manager for the offering.
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Rhea-AI Sentiment
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Metagenomi, Inc.

Nasdaq:MGX

MGX Rankings

MGX Stock Data

254.81M
37.47M
Biological Products, (no Disgnostic Substances)
United States of America
EMERYVILLE