MeiraGTx Shares Soar After Joint Venture Deal With Hologen

MT Newswires Live

Mar 14, 2025

MeiraGTx (MGTX) shares rose Thursday after the company said it is forming a joint venture with Hologen as part of a strategic collaboration to develop AAV-GAD for Parkinson's disease.

The stock was up over 25% in recent trading after rising as much as 32.4% earlier. Trading volume topped 5.5 million shares versus a daily average of about 318,000.

The venture, Hologen Neuro AI, will be funded with a capital of up to $230 million from Hologen, a developer of generative AI foundation models of clinical data for drug development.

MeiraGTx said it will get $200 million in upfront cash at closing of the agreement.

Hologen will also fund a portion of MeiraGTx's manufacturing operations and will own a minority stake in its manufacturing subsidiary, the company said.

Price: 8.12, Change: +1.71, Percent Change: +26.68

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Trading volume topped 5.5 million shares versus a daily average of about 318,000.</p><p>The venture, Hologen Neuro AI, will be funded with a capital of up to $230 million from Hologen, a developer of generative AI foundation models of clinical data for drug development.</p><p>MeiraGTx said it will get $200 million in upfront cash at closing of the agreement.</p><p>Hologen will also fund a portion of MeiraGTx's manufacturing operations and will own a minority stake in its manufacturing subsidiary, the company said.</p><p>Price: 8.12, Change: +1.71, Percent Change: +26.68</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JYNT","symbol_name":"The Joint Corp.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2519865917","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2519865917","pubTimestamp":1741893808,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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