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Monday, August 12, 2024

MeiraGTx $50 M Share Offering; Reports Q2

 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.

https://www.stocktitan.net/news/MGTX/meira-g-tx-announces-50-million-offering-of-ordinary-shares-led-by-1zvey0bxnzwo.html

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