MeiraGTx Shares Rise on Collaboration with Hologen

Dow Jones
03-13

By Denny Jacob

 

MeiraGTx Holdings shares rose 13% in premarket trading on a collaboration with Hologen that will bring in a cash infusion and create a joint venture.

Shares were trading around $7.28. The stock is up 8.6% over the last year.

MeiraGTx will receive $200 million as part of the collaboration. The two sides will also form a JV called Hologen Neuro AI, which will be funded with committed of up to $230 million from Hologen to fully finance the development of a treatment for Parkinson's disease, among other efforts.

MeiraGTx will retain a 30% stake in the joint venture and will lead all clinical development and manufacturing.

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

March 13, 2025 08:11 ET (12:11 GMT)

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