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Stock impact report

MeiraGTx (MGTX) Stock Surges 35% in a Month: Here's Why [Yahoo! Finance]

MeiraGTx Holdings plc - Ordinary Shares (MGTX) 
Company Research Source: Yahoo! Finance
The company has six gene therapy programs in clinical development, which are being developed to target ocular indications, salivary gland conditions and neurodegenerative diseases. Management is also evaluating several gene therapy programs in preclinical development targeting other diseases like oncology and metabolic diseases. Since last month, shares of MeiraGTx have soared 34.5% compared with the industry's 10.0% rise. Image Source: Zacks Investment Research This upside came after management entered into an asset purchase agreement (APA) with Johnson & Johnson JNJ last month to sell the remaining rights in the rare disease gene therapy botaretigene sparoparvovec (bota-vec) for up to $415 million. Bota-vec is currently being evaluated in a late-stage study to treat X-linked retinitis pigmentosa (XLRP), a rare genetic disease that causes blindness in men. This deal with J&J is an extension of the strategic collaboration between the two companies in 2019 to develop gene ther Show less Read more
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