MeiraGTx (MGTX)


Market Price (9/29/2026): $11.08 | Market Cap: $1.0 BilSector: Health Care | Industry: Biotechnology

MeiraGTx (MGTX)


Market Price (9/29/2026): $11.08
Market Cap: $1.0 Bil
Sector: Health Care
Industry: Biotechnology

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.8%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 948%

Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 46%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -71%

Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, Targeted Therapies, Show more.

Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 74x

Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.6%

Key risks
MGTX key risks include [1] a high risk of bankruptcy within the next two years and [2] the potential failure to obtain valuable priority review vouchers before a critical 2026 statutory deadline.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.8%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 948%
2 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 46%
3 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -71%
4 Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, Targeted Therapies, Show more.
5 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 74x
6 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.6%
7 Key risks
MGTX key risks include [1] a high risk of bankruptcy within the next two years and [2] the potential failure to obtain valuable priority review vouchers before a critical 2026 statutory deadline.

MGTX in ETFs

Weight = MGTX's share of each fund

IWM0.02%
IBB0.06%
IWO0.03%
VTWO0.03%
VHT0.01%
IWN0.00%
IWV0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/24/2026

MeiraGTx (MGTX) stock has gained about 5% since 5/31/2026 because of the following key factors:

1. MeiraGTx reported exceptional financial results for fiscal Q2 2026 (ended June 30, 2026), significantly exceeding analyst expectations. The company announced net income attributable to ordinary shareholders of $160.7 million, or $1.71 diluted net income per ordinary share, compared to a net loss of $38.8 million in the prior year's comparable quarter. Revenue reached $321.43 million, vastly surpassing the consensus estimate of $0.70 million. This impressive performance was driven by $204.6 million in license revenue from Reogen for AAV-GAD and AAV-BDNF programs, and $11.9 million in service revenue from a collaboration with Lilly.

2. The company secured a substantial strategic investment and strengthened its product pipeline through key acquisitions and clinical advancements. In June 2026, MeiraGTx entered into an agreement with Oberland Capital for up to $400 million in financing, including up to $375 million in non-dilutive capital and up to $25 million in equity investment. This provides significant funding for ongoing programs. Furthermore, in May 2026, MeiraGTx completed the acquisition of full rights to botaretigene sparoparvovec (bota-vec) for X-linked retinitis pigmentosa from Johnson & Johnson for a $25 million upfront payment. The company is also advancing AAV2-hAQP1 for radiation-induced xerostomia, which received FDA Breakthrough Therapy Designation in March 2026 and demonstrated positive three-year Phase 1 data in April 2026. Regulatory filings for bota-vec are anticipated this year, with AAV2-hAQP1 filings projected for mid-2027, positioning the company for potential commercial launches in 2027.

Show more
Updated on 9/24/2026

MeiraGTx (MGTX) stock has gained about 5% since 5/31/2026 because of the following key factors:

1. MeiraGTx reported exceptional financial results for fiscal Q2 2026 (ended June 30, 2026), significantly exceeding analyst expectations. The company announced net income attributable to ordinary shareholders of $160.7 million, or $1.71 diluted net income per ordinary share, compared to a net loss of $38.8 million in the prior year's comparable quarter. Revenue reached $321.43 million, vastly surpassing the consensus estimate of $0.70 million. This impressive performance was driven by $204.6 million in license revenue from Reogen for AAV-GAD and AAV-BDNF programs, and $11.9 million in service revenue from a collaboration with Lilly.

2. The company secured a substantial strategic investment and strengthened its product pipeline through key acquisitions and clinical advancements. In June 2026, MeiraGTx entered into an agreement with Oberland Capital for up to $400 million in financing, including up to $375 million in non-dilutive capital and up to $25 million in equity investment. This provides significant funding for ongoing programs. Furthermore, in May 2026, MeiraGTx completed the acquisition of full rights to botaretigene sparoparvovec (bota-vec) for X-linked retinitis pigmentosa from Johnson & Johnson for a $25 million upfront payment. The company is also advancing AAV2-hAQP1 for radiation-induced xerostomia, which received FDA Breakthrough Therapy Designation in March 2026 and demonstrated positive three-year Phase 1 data in April 2026. Regulatory filings for bota-vec are anticipated this year, with AAV2-hAQP1 filings projected for mid-2027, positioning the company for potential commercial launches in 2027.

3. Analyst sentiment remained largely positive, with a consensus "Moderate Buy" rating and attractive price targets. As of late September 2026, eight Wall Street analysts maintained a "Moderate Buy" consensus rating for MGTX, with an average price target of $26.17, representing a significant potential upside from the stock's price at the time. Several firms reiterated or increased their price targets during the period, such as RBC raising its target to $27 from $26 in August 2026. While Goldman Sachs initiated coverage with a "Neutral" rating and a $16 price target in late September 2026, this target still indicated upside potential from the prevailing stock price.

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Stock Movement Drivers

Fundamental Drivers

The 4.3% change in MGTX stock from 5/31/2026 to 9/28/2026 was primarily driven by a 398.4% change in the company's Total Revenues ($ Mil).
(LTM values as of)53120269282026Change
Stock Price ($)10.6511.114.3%
Change Contribution By: 
Total Revenues ($ Mil)80398398.4%
P/S Multiple10.92.6-76.5%
Shares Outstanding (Mil)8191-11.1%
Cumulative Contribution4.3%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/28/2026
ReturnCorrelation
MGTX4.3% 
Market (SPY)1.5%21.2%
Sector (XLV)15.1%21.4%

Fundamental Drivers

The 47.0% change in MGTX stock from 2/28/2026 to 9/28/2026 was primarily driven by a 1349.8% change in the company's Total Revenues ($ Mil).
(LTM values as of)22820269282026Change
Stock Price ($)7.5611.1147.0%
Change Contribution By: 
Total Revenues ($ Mil)273981349.8%
P/S Multiple22.32.6-88.6%
Shares Outstanding (Mil)8191-11.5%
Cumulative Contribution47.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/28/2026
ReturnCorrelation
MGTX47.0% 
Market (SPY)12.2%32.0%
Sector (XLV)7.8%26.2%

Fundamental Drivers

The 52.2% change in MGTX stock from 8/31/2025 to 9/28/2026 was primarily driven by a 948.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)83120259282026Change
Stock Price ($)7.3011.1152.2%
Change Contribution By: 
Total Revenues ($ Mil)38398948.3%
P/S Multiple15.52.6-83.5%
Shares Outstanding (Mil)8191-11.8%
Cumulative Contribution52.2%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/28/2026
ReturnCorrelation
MGTX52.2% 
Market (SPY)20.0%34.8%
Sector (XLV)26.8%24.9%

Fundamental Drivers

The 76.6% change in MGTX stock from 8/31/2023 to 9/28/2026 was primarily driven by a 6109.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)83120239282026Change
Stock Price ($)6.2911.1176.6%
Change Contribution By: 
Total Revenues ($ Mil)63986109.0%
P/S Multiple54.42.6-95.3%
Shares Outstanding (Mil)5591-39.5%
Cumulative Contribution76.6%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/28/2026
ReturnCorrelation
MGTX76.6% 
Market (SPY)76.5%29.6%
Sector (XLV)35.2%28.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MGTX Return57%-73%8%-13%31%37%-28%
Peers Return7%-2%-5%-25%-3%-3%-29%
S&P 500 Return27%-19%24%23%16%13%106%

Monthly Win Rates [3]
MGTX Win Rate50%33%42%50%58%56% 
Peers Win Rate45%55%47%43%53%44% 
S&P 500 Win Rate75%42%67%75%67%56% 

Max Drawdowns [4]
MGTX Max Drawdown-34%-76%-58%-47%-44%-27% 
Peers Max Drawdown-39%-38%-40%-47%-52%-36% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: RGNX, SRPT, BMRN, VRTX, NTLA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/28/2026 (YTD)

How Low Can It Go

EventMGTXS&P 500
2025 US Tariff Shock
  % Loss-32.7%-18.8%
  % Gain to Breakeven48.7%23.1%
  Time to Breakeven49 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-45.9%-9.5%
  % Gain to Breakeven85.0%10.5%
  Time to Breakeven59 days24 days
2023 SVB Regional Banking Crisis
  % Loss-36.4%-6.7%
  % Gain to Breakeven57.3%7.1%
  Time to Breakeven72 days31 days
2020 COVID-19 Crash
  % Loss-46.8%-33.7%
  % Gain to Breakeven88.0%50.9%
  Time to Breakeven280 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-28.7%-19.2%
  % Gain to Breakeven40.3%23.8%
  Time to Breakeven63 days105 days

Compare to RGNX, SRPT, BMRN, VRTX, NTLA

In The Past

MeiraGTx's stock fell -32.7% during the 2025 US Tariff Shock. Such a loss loss requires a 48.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventMGTXS&P 500
2025 US Tariff Shock
  % Loss-32.7%-18.8%
  % Gain to Breakeven48.7%23.1%
  Time to Breakeven49 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-45.9%-9.5%
  % Gain to Breakeven85.0%10.5%
  Time to Breakeven59 days24 days
2023 SVB Regional Banking Crisis
  % Loss-36.4%-6.7%
  % Gain to Breakeven57.3%7.1%
  Time to Breakeven72 days31 days
2020 COVID-19 Crash
  % Loss-46.8%-33.7%
  % Gain to Breakeven88.0%50.9%
  Time to Breakeven280 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-28.7%-19.2%
  % Gain to Breakeven40.3%23.8%
  Time to Breakeven63 days105 days

Compare to RGNX, SRPT, BMRN, VRTX, NTLA

In The Past

MeiraGTx's stock fell -32.7% during the 2025 US Tariff Shock. Such a loss loss requires a 48.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About MeiraGTx (MGTX)

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MeiraGTx Holdings plc is a clinical-stage gene therapy company dedicated to developing innovative treatments for patients suffering from a range of serious and debilitating diseases. The company leverages advanced gene therapy approaches to target conditions across several key therapeutic areas, including various inherited ocular (eye) diseases, neurodegenerative disorders such as Parkinson's disease and amyotrophic lateral sclerosis (ALS), and conditions affecting salivary gland function like Xerostomia.

The company's primary focus is on its gene therapy programs, which are currently in clinical development. These include treatments for inherited forms of blindness, specifically Achromatopsia, X-Linked Retinitis Pigmentosa, and RPE65-deficiency. Additionally, MeiraGTx is developing therapies for Xerostomia (severe dry mouth) resulting from radiation treatment for head and neck cancers, with plans to extend to Sjogren's syndrome, and a program addressing Parkinson's disease. The company also maintains preclinical programs for other neurodegenerative conditions and collaborates with Janssen Pharmaceuticals on regulatable gene therapy treatments utilizing its proprietary riboswitch technology. Its primary market comprises patients afflicted by these severe and often life-altering conditions who are seeking advanced genetic-level interventions.

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1. A clinical-stage **Sarepta Therapeutics**, but focusing on gene therapies for inherited blindness and neurological diseases.

2. An early-stage **Vertex Pharmaceuticals**, dedicated to developing gene therapies for serious eye and brain disorders.

AI Analysis | Feedback

  • Gene Therapies for Achromatopsia: Treatments targeting Achromatopsia, a form of inherited blindness, currently in Phase 1/2 clinical development.
  • Gene Therapies for X-Linked Retinitis Pigmentosa: Treatments for X-Linked Retinitis Pigmentosa, an inherited retinal disease, currently in Phase 1/2 clinical development.
  • Gene Therapies for RPE65-deficiency: Treatments targeting RPE65-deficiency, a cause of inherited retinal degeneration, currently in Phase 1/2 clinical development.
  • Gene Therapies for Radiation-Induced Xerostomia: Treatments designed to address severe dry mouth following radiation treatment for head and neck cancers, currently in Phase 1/2 clinical development.
  • Gene Therapies for Parkinson's Disease: Treatments in development for Parkinson's disease, a neurodegenerative disorder.
  • Gene Therapies for Xerostomia related to Sjogren's Syndrome: Treatments in the early stages of clinical program initiation for dry mouth associated with Sjogren's syndrome.

AI Analysis | Feedback

MeiraGTx (MGTX) is a clinical-stage gene therapy company. At this stage, it does not sell commercial products directly to individuals or healthcare providers. Instead, its primary financial relationships involve collaborations with larger pharmaceutical companies for research and development.

Based on the provided information, MeiraGTx's major customer/partner is:

  • Janssen Pharmaceuticals, Inc. (a subsidiary of Johnson & Johnson, symbol: JNJ)

This relationship is described as a research collaboration agreement to develop regulatable gene therapy treatment.

AI Analysis | Feedback

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Alexandria Forbes, Ph.D. President and Chief Executive Officer

Dr. Alexandria Forbes has served as President, Chief Executive Officer, and a member of the board of directors of MeiraGTx since March 2015. Prior to co-founding MeiraGTx, she was the Senior Vice President of Commercial Operations at Kadmon Holdings, Inc., a biopharmaceutical company, from September 2013 to April 2015. Dr. Forbes spent eleven years as a healthcare investor, including roles at Sivik Global Healthcare from September 2000 to November 2008, where she was portfolio manager of the Sivik Global Life Science Fund, and Meadowvale Asset Management from January 2010 to June 2012, both healthcare hedge funds.

Richard Giroux Chief Operating Officer and Chief Financial Officer

Richard Giroux has served as Chief Operating Officer of MeiraGTx since March 2015 and took on the additional role of Chief Financial Officer in April 2019. He is a co-founder of MeiraGTx. Before joining MeiraGTx, Mr. Giroux was a partner at Sarissa Capital Management LP, an activist healthcare hedge fund, from March 2014 to March 2015. He was also a founding partner and healthcare portfolio manager of Meadowvale Partners, a multi-strategy hedge fund, from January 2010 to June 2012. Earlier in his career, he served as a partner at Sivik Global Healthcare (formerly Argus Partners), a healthcare hedge fund, from August 2001 to November 2008, and worked at investment banks Salomon Smith Barney and Goldman Sachs.

Stuart Naylor, Ph.D. Chief Development Officer

Dr. Stuart Naylor has served as the Chief Development Officer of MeiraGTx since April 2015. His prior experience includes serving as Chief Executive Officer of Athena Vision, a biotechnology company, from April 2015 to April 2016, and as managing director of Coltivare Ltd., a healthcare consulting company, from June 2013 to April 2015. From 2008 to 2013, Dr. Naylor was the Executive Director and Chief Scientific Officer of Oxford BioMedica plc, a gene therapy company.

Robert K. Zeldin, M.D. Chief Medical Officer

Dr. Robert Zeldin joined MeiraGTx as Chief Medical Officer in August 2020, bringing over two decades of clinical, regulatory, and industry experience. Before MeiraGTx, he served as CMO of Immunovant and Acceleron Pharma, where he played a key role in the biologics license application for luspatercept. He also served as CMO of Ablynx NV, a Belgian company, where he directed the Phase 3 development program for caplacizumab.

Christine Sheehy SVP, Global Integration

Christine Sheehy serves as the Senior Vice President of Global Integration at MeiraGTx, with over 25 years of experience in establishing operational, financial, and organizational infrastructures in the pharmaceutical industry. She previously held the position of SVP of Operations for Kadmon Pharmaceuticals, where she oversaw global supply chain, distribution, and IT operations. Ms. Sheehy was also a founding member of Three Rivers Pharmaceuticals, a start-up pharmaceutical company that was acquired by Kadmon in 2010.

AI Analysis | Feedback

The key risks for MeiraGTx (MGTX) are primarily associated with the inherent challenges of being a clinical-stage gene therapy company.

  1. Clinical Trial Success and Regulatory Approval: As a clinical-stage company, MeiraGTx's success is heavily dependent on the positive outcomes of its ongoing and future clinical trials for its various gene therapies. There is a constant risk of catastrophic clinical trial failure or unexpected safety issues, which could halt the entire pipeline. Even with promising early data, a single unforeseen safety event in a pivotal study can derail development. Furthermore, the company faces significant risks concerning regulatory approval, as failure to obtain timely FDA or other regulatory clearances for its product candidates could lead to delays or prevent commercialization altogether.

  2. Financial Viability and Funding: MeiraGTx operates with significant net losses, which is common for clinical-stage biotechnology firms, and currently generates no commercial revenue, relying entirely on capital raises and payments from partnerships. The development of gene therapies is capital-intensive, and the company has experienced sharp declines in cash, cash equivalents, and restricted cash, indicating a serious liquidity risk. Analysts have pointed to a low Piotroski F-Score and a distressing Altman Z-Score, suggesting poor business operations and a potential risk of bankruptcy within two years. The ongoing need for capital raises also carries the risk of diluting shareholder equity.

  3. Intense Competition and Intellectual Property: The gene therapy sector is a highly competitive landscape with well-funded rivals such as Novartis and Roche. MeiraGTx must continually innovate and comply with regulations to maintain its market position against fierce competition. The company also faces risks related to protecting its intellectual property, which is crucial for its proprietary riboswitch technology and other gene therapy platforms.

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Addressable Markets for MeiraGTx's Main Products or Services

  • Ocular Diseases:
    • Achromatopsia: The global achromatopsia market across the top 7 markets (US, EU4, UK, and Japan) was valued at approximately USD 111.5 million in 2024 and is projected to reach USD 187.8 million by 2035. The United States represents the largest market for achromatopsia treatment.
    • X-Linked Retinitis Pigmentosa (XLRP): The total Retinitis Pigmentosa treatment market size in the 7MM (United States, EU4, UK, and Japan) was approximately USD 500 million in 2023. The global Retinitis Pigmentosa market size is expected to grow from USD 14.27 billion in 2024 to USD 30.69 billion by 2035. In the US, the total market size for Retinitis Pigmentosa was estimated to be nearly USD 270 million in 2023.
    • RPE65-deficiency: This genetic mutation is associated with inherited retinal dystrophies, including some forms of Retinitis Pigmentosa. Treatments for RPE65 mutations fall under the broader Retinitis Pigmentosa market.
  • Xerostomia:
    • Radiation-induced Xerostomia and Xerostomia related to Sjögren's Syndrome: The global xerostomia therapeutics market was valued at approximately USD 2.13 billion in 2024 and is expected to reach USD 2.87 billion by 2032. North America dominated the market in 2024 with a share of over 36.8%. Specifically, the Sjögren's Syndrome market globally is estimated at USD 178.5 billion in 2025 and is projected to reach USD 239.9 billion by 2035. The U.S. Sjögren's Syndrome market is estimated at USD 64.8 billion in 2025 and is anticipated to reach USD 83.4 billion by 2035.
  • Neurodegenerative Diseases:
    • Amyotrophic Lateral Sclerosis (ALS): The global amyotrophic lateral sclerosis treatment market size was valued at USD 713.3 million in 2023 and is projected to exhibit a 5.5% CAGR from 2024 to 2032, reaching USD 1.1 billion by 2032. North America held the largest revenue share of 37.7% in 2023.
    • Parkinson's Disease: The global Parkinson's disease treatment market size was estimated at around USD 4.3 billion in 2021 and is projected to hit around USD 12.1 billion by 2030. Another source indicates the global Parkinson's disease therapeutics market was valued at USD 6.2 billion in 2024 and is set to reach USD 13.3 billion by 2034. The Parkinson's Disease Market Size in the US was approximately USD 1,883 million in 2023.

AI Analysis | Feedback

MeiraGTx (MGTX) has several anticipated drivers for future revenue growth over the next 2-3 years, primarily stemming from advancements in its late-stage clinical pipeline and strategic collaborations:

  1. Commercialization and milestone payments from bota-vec: MeiraGTx is eligible to receive up to $285 million upon the first commercial sales of bota-vec in the US and EU, along with revenue from a commercial supply agreement for bota-vec manufacturing with Johnson & Johnson Innovative Medicine.
  2. Advancement and potential commercialization of AAV-GAD for Parkinson's disease: The strategic collaboration with Hologen AI provides $200 million upfront, with an additional $230 million committed to a joint venture to fund the development of the AAV-GAD program through commercialization. A Biologics License Application (BLA) filing for this program is anticipated by 2027.
  3. Potential regulatory approval and launch of AAV-AIPL1 for Leber Congenital Amaurosis type 4 (LCA4): MeiraGTx is pursuing expedited approval pathways for this therapy in the UK (Marketing Authorization Application under exceptional circumstances) and is in discussions with the FDA for a similar pathway in the US, based on positive clinical data.
  4. Potential regulatory approval and launch of AAV-hAQP1 for radiation-induced Xerostomia (RIX): The company has gained alignment with the FDA on the ongoing Phase 2 AQUAx2 study, which is designed to support a potential BLA filing, with data expected in late 2026.
  5. Partnership revenue from its riboswitch gene regulation technology platform: MeiraGTx is progressing its riboswitch programs into the clinic, initially focusing on metabolic diseases. This proprietary platform has the potential to generate revenue through collaborations and milestone payments from partners like Janssen Pharmaceuticals.

AI Analysis | Feedback

Share Repurchases

  • In December 2025, MeiraGTx repurchased 2.3 million ordinary shares from Perceptive Life Sciences Master Fund for $18.2 million.

Share Issuance

  • In October 2023, Sanofi made a $30 million strategic investment by purchasing 4.0 million ordinary shares.

Inbound Investments

  • In November 2025, MeiraGTx entered a strategic collaboration with Eli Lilly and Company in ophthalmology, receiving an upfront payment of $75 million and eligibility for over $400 million in total milestone payments.
  • In March 2025, a strategic collaboration with Hologen AI was announced, including a $200 million upfront payment to MeiraGTx and up to an additional $230 million in committed funding to a joint venture for the AAV-GAD program for Parkinson's disease.
  • In December 2023, MeiraGTx entered an asset purchase agreement with Janssen Pharmaceuticals for its X-linked Retinitis Pigmentosa (XLRP) gene therapy (bota-vec) for up to $415 million, which included $130 million in upfront and near-term milestone payments.

Outbound Investments

  • In July 2025, MeiraGTx Holdings completed a merger/acquisition with Smart Immune.

Capital Expenditures

  • MeiraGTx maintains a vertically integrated manufacturing platform with two Good Manufacturing Practice (GMP) viral vector production facilities and a GMP Quality Control facility, reflecting significant investment in infrastructure.
  • The company's research and development expenses increased to $32.5 million in the third quarter of 2025, up from $26.2 million in the same period of 2024, indicating accelerated investment in clinical programs.
  • As of March 2025, the company projected it would have sufficient capital, including proceeds from strategic collaborations, to fund operating expenses and capital expenditure requirements into 2027.

Better Bets vs. MeiraGTx (MGTX)

Peer Outperformance in Biotechnology

MGTX has outperformed 73% of its 372 Biotechnology peers over 5Y. Biotechnology ranks 10th of 10 industries in Health Care by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Biotechnology constituents that MGTX has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
70%
of 465 industry peers · 35.8% return
3Y
80%
of 413 industry peers · 126.3% return
5Y
73%
of 372 industry peers · -13.5% return
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Median price return by industry across the Health Care sector, ranked by 5Y. Biotechnology is MGTX's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 6 6.4%44.5%85.7% CAH 376% · MCK 327% · COR 161%
Health Care Services 20 19.3%36.2%5.5% HIMS 282% · RDNT 143% · DGX 77%
Managed Health Care 8 30.8%-7.0%3.4% OSCR 69% · HQY 32% · ELV 9%
Health Care Facilities 24 2.4%7.1%-2.7% THC 276% · NHC 260% · ENSG 137%
Health Care Equipment 50 -0.1%-0.8%-15.8% POCI 11213% · UFPT 377% · GKOS 225%
Pharmaceuticals 63 -5.2%3.1%-36.6% LQDA 2541% · INDV 1125% · ETON 1074%
Health Care Supplies 12 27.3%-7.0%-37.6% LNTH 287% · HAE 50% · MMSI 21%
Life Sciences Tools & Services 113 -1.0%-11.7%-65.0% SNWV 1798% · NTRA 283% · MEDP 228%
Health Care Technology 21 -27.8%-50.9%-73.0% SPOK 72% · HSTM 3% · VEEV -1%
Biotechnology ← 373 -10.0%-25.4%-78.4% CELZ 1343% · DNTH 1123% · ELVN 1028%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MGTXRGNXSRPTBMRNVRTXNTLAMedian
NameMeiraGTx RegenxbioSarepta .BioMarin.Vertex P.Intellia. 
Mkt Price11.017.4718.8759.60527.4211.6015.23
Mkt Cap1.00.42.011.5133.81.51.8
Rev LTM3981741,9743,40712,587601,186
Op Inc LTM184-164-621494,777-42344
FCF LTM-14-250757253,796-34930
FCF 3Y Avg-84-178-3025431,957-384-131
CFO LTM14-2471118574,293-34762
CFO 3Y Avg-70-175-1956512,398-380-123

Growth & Margins

MGTXRGNXSRPTBMRNVRTXNTLAMedian
NameMeiraGTx RegenxbioSarepta .BioMarin.Vertex P.Intellia. 
Rev Chg LTM948.3%12.0%-20.4%11.2%10.2%12.6%11.6%
Rev Chg 3Y Avg447.4%26.3%31.5%15.1%9.8%4.7%20.7%
Rev Chg Q8,608.6%405.7%-34.3%19.9%12.5%-46.2%16.2%
QoQ Delta Rev Chg LTM398.4%98.7%-9.6%5.1%3.0%-10.0%4.0%
Op Inc Chg LTM216.5%0.3%-6,578.0%-80.8%2,497.9%17.3%8.8%
Op Inc Chg 3Y Avg62.4%13.8%-2,191.0%80.3%792.2%1.9%38.1%
Op Mgn LTM46.3%-94.1%-3.2%4.4%37.9%-711.7%0.6%
Op Mgn 3Y Avg-817.8%-158.9%-0.2%13.8%23.9%-940.1%-79.6%
QoQ Delta Op Mgn LTM178.2%198.2%-3.2%-5.3%-0.2%-75.1%-1.7%
CFO/Rev LTM3.4%-141.4%5.6%25.2%34.1%-582.5%4.5%
CFO/Rev 3Y Avg-502.9%-137.5%-10.9%21.0%19.6%-728.8%-74.2%
FCF/Rev LTM-3.6%-143.1%3.8%21.3%30.2%-586.0%0.1%
FCF/Rev 3Y Avg-548.9%-140.0%-16.5%17.4%15.7%-738.8%-78.3%

Valuation

MGTXRGNXSRPTBMRNVRTXNTLAMedian
NameMeiraGTx RegenxbioSarepta .BioMarin.Vertex P.Intellia. 
Mkt Cap1.00.42.011.5133.81.51.8
P/S2.52.31.03.410.626.03.0
P/Op Inc5.5-2.4-32.077.228.0-3.71.5
P/EBIT10.7-2.6-33.649.526.5-3.74.1
P/E12.7-2.0-14.6158.030.4-3.95.4
P/CFO73.5-1.617.913.531.2-4.515.7
Total Yield7.8%-49.8%-6.9%0.6%3.3%-26.2%-3.1%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-21.8%-31.3%-8.9%4.8%1.6%-25.5%-15.3%
D/E0.10.20.50.40.00.00.1
Net D/E-0.0-0.10.10.3-0.0-0.2-0.0

Returns

MGTXRGNXSRPTBMRNVRTXNTLAMedian
NameMeiraGTx RegenxbioSarepta .BioMarin.Vertex P.Intellia. 
1M Rtn-20.3%-22.7%-9.5%-7.8%-2.6%-9.9%-9.7%
3M Rtn-12.2%-36.9%10.9%3.3%5.6%-30.2%-4.4%
6M Rtn36.1%-3.9%-7.9%8.8%19.0%-0.4%4.2%
12M Rtn34.6%-22.6%2.8%10.7%36.7%-28.9%6.7%
3Y Rtn124.2%-54.6%-84.4%-32.6%51.7%-63.3%-43.6%
1M Excs Rtn-21.5%-19.7%-12.0%-8.1%-3.1%-10.9%-11.4%
3M Excs Rtn-15.4%-40.1%7.6%0.1%2.3%-33.5%-7.7%
6M Excs Rtn24.0%-24.4%-26.2%-10.6%1.2%-27.2%-17.5%
12M Excs Rtn18.2%-36.5%-9.9%-3.1%21.8%-46.8%-6.5%
3Y Excs Rtn37.4%-135.1%-162.0%-108.5%-28.5%-144.1%-121.8%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Development and manufacturing of genetic medicines8133141638
Total8133141638


Net Income by Segment
$ Mil202520242023
Development and manufacturing of genetic medicines-114-148-84
Total-114-148-84


Assets by Segment
$ Mil20182017
Development and manufacturing of genetic medicines9726
Total9726


Price Behavior

Price Behavior
Market Price$11.11 
Market Cap ($ Bil)1.0 
First Trading Date06/08/2018 
Distance from 52W High-25.8% 
   50 Days200 Days
DMA Price$12.98$10.03
DMA Trendupup
Distance from DMA-14.4%10.7%
 3M1YR
Volatility52.8%59.5%
Downside Capture123.53139.57
Upside Capture39.20150.55
Correlation (SPY)21.6%35.6%
MGTX Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta0.290.670.921.551.681.31
Up Beta1.021.352.812.802.291.10
Down Beta3.982.731.141.221.721.05
Up Capture73%18%74%197%233%510%
Bmk +ve Days10213268138427
Stock +ve Days12203364125360
Down Capture-322%-56%-57%58%111%110%
Bmk -ve Days11213259113324
Stock -ve Days9223162124376

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MGTX
MGTX35.8%59.3%0.74-
Sector ETF (XLV)29.5%16.1%1.4124.4%
Equity (SPY)17.4%13.0%0.9635.3%
Gold (GLD)9.7%29.6%0.3117.3%
Commodities (DBC)42.7%20.7%1.60-16.4%
Real Estate (VNQ)4.3%13.6%0.0615.7%
Bitcoin (BTCUSD)-23.0%44.8%-0.4624.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MGTX
MGTX-5.1%66.8%0.19-
Sector ETF (XLV)7.1%15.2%0.2829.3%
Equity (SPY)13.5%17.2%0.6031.7%
Gold (GLD)18.1%18.9%0.778.0%
Commodities (DBC)11.0%19.5%0.44-1.4%
Real Estate (VNQ)0.9%18.9%-0.0628.1%
Bitcoin (BTCUSD)14.4%52.4%0.4518.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MGTX
MGTX-4.0%66.4%0.21-
Sector ETF (XLV)10.9%16.7%0.5333.0%
Equity (SPY)15.4%17.9%0.7336.0%
Gold (GLD)11.7%16.4%0.586.4%
Commodities (DBC)8.5%18.1%0.387.4%
Real Estate (VNQ)4.7%20.7%0.1932.3%
Bitcoin (BTCUSD)63.8%66.2%1.0317.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity4.0 Mil
Short Interest: % Change Since 83120267.8%
Average Daily Volume0.7 Mil
Days-to-Cover Short Interest6.1 days
Basic Shares Quantity91.4 Mil
Short % of Basic Shares4.4%

Returns Analyses

Earnings Returns History

Updated 9/23/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/13/2026-2.2%15.5%-1.3%
5/14/2026-0.2%-3.9%-3.8%
3/26/2026-1.2%19.3%21.1%
11/13/2025-4.6%-12.5%2.8%
8/14/2025-0.1%-9.4%-8.8%
5/13/2025-8.4%-8.4%15.3%
3/13/202528.7%21.2%-20.9%
11/13/20245.7%-10.2%-9.8%
...
SUMMARY STATS   
# Positive11107
# Negative131417
Median Positive2.3%12.3%12.1%
Median Negative-3.7%-8.1%-8.8%
Max Positive28.7%24.2%30.2%
Max Negative-8.5%-12.5%-20.9%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/13/2026-2.2%15.5%-1.3%
5/14/2026-0.2%-3.9%-3.8%
3/26/2026-1.2%19.3%21.1%
11/13/2025-4.6%-12.5%2.8%
8/14/2025-0.1%-9.4%-8.8%
5/13/2025-8.4%-8.4%15.3%
3/13/202528.7%21.2%-20.9%
11/13/20245.7%-10.2%-9.8%
8/12/2024-8.5%-3.2%-6.9%
5/9/2024-0.8%7.6%-7.2%
3/14/2024-7.1%2.2%-12.4%
11/14/20232.3%19.7%0.8%
8/10/20234.3%1.4%-3.8%
5/11/2023-6.0%24.2%30.2%
3/14/20231.8%-10.7%-12.9%
11/10/2022-3.7%-7.9%-13.2%
8/11/20226.7%-0.4%-5.9%
5/12/20220.3%-10.0%-15.0%
3/10/20220.5%-2.0%-5.6%
11/10/2021-4.8%-0.6%2.0%
8/11/2021-3.4%-11.3%-15.7%
5/11/20210.7%-2.1%12.1%
3/11/20215.9%9.2%-17.3%
11/5/20201.8%3.1%-6.9%
SUMMARY STATS   
# Positive11107
# Negative131417
Median Positive2.3%12.3%12.1%
Median Negative-3.7%-8.1%-8.8%
Max Positive28.7%24.2%30.2%
Max Negative-8.5%-12.5%-20.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/13/202610-Q
03/31/202605/14/202610-Q
12/31/202503/30/202610-K
09/30/202511/13/202510-Q
06/30/202508/14/202510-Q
03/31/202505/13/202510-Q
12/31/202403/13/202510-K
09/30/202411/13/202410-Q
06/30/202408/12/202410-Q
03/31/202405/09/202410-Q
12/31/202303/15/202410-K
09/30/202311/14/202310-Q
06/30/202308/10/202310-Q
03/31/202305/11/202310-Q
12/31/202203/14/202310-K
09/30/202211/10/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/13/202610-Q
03/31/202605/14/202610-Q
12/31/202503/30/202610-K
09/30/202511/13/202510-Q
06/30/202508/14/202510-Q
03/31/202505/13/202510-Q
12/31/202403/13/202510-K
09/30/202411/13/202410-Q
06/30/202408/12/202410-Q
03/31/202405/09/202410-Q
12/31/202303/15/202410-K
09/30/202311/14/202310-Q
06/30/202308/10/202310-Q
03/31/202305/11/202310-Q
12/31/202203/14/202310-K
09/30/202211/10/202210-Q
06/30/202208/11/202210-Q
03/31/202205/12/202210-Q
12/31/202103/10/202210-K
09/30/202111/10/202110-Q
06/30/202108/11/202110-Q
03/31/202105/11/202110-Q
12/31/202003/11/202110-K
09/30/202011/05/202010-Q
06/30/202008/06/202010-Q
03/31/202005/07/202010-Q
12/31/201903/11/202010-K
09/30/201911/07/201910-Q

Insider Activity

Updated 7/21/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Giroux, RichardCFO & COODirectSell721202612.5156,000700,56011,365,710Form
2Naylor, StuartCHIEF SCI OFCR, OPHTHALMOLOGYDirectSell707202614.8027,659409,4709,487,232Form
3Forbes, AlexandriaPRESIDENT & CEODirectSell51920269.1762,000568,54012,725,163Form
4Giroux, RichardCFO & COODirectSell421202610.2256,000572,3209,929,037Form
5Naylor, StuartCHIEF DEV. OFFICERDirectSell40720269.3627,661258,9076,257,207Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Giroux, RichardCFO & COODirectSell721202612.5156,000700,56011,365,710Form
2Naylor, StuartCHIEF SCI OFCR, OPHTHALMOLOGYDirectSell707202614.8027,659409,4709,487,232Form
3Forbes, AlexandriaPRESIDENT & CEODirectSell51920269.1762,000568,54012,725,163Form
4Giroux, RichardCFO & COODirectSell421202610.2256,000572,3209,929,037Form
5Naylor, StuartCHIEF DEV. OFFICERDirectSell40720269.3627,661258,9076,257,207Form
6Forbes, AlexandriaPRESIDENT & CEODirectSell32420267.4162,000459,42010,742,240Form
7Giroux, RichardCFO & COODirectSell102120258.8724,000212,8807,357,612Form
8Forbes, AlexandriaPRESIDENT & CEODirectSell100720258.3947,500398,52511,024,317Form
9Giroux, RichardCFO & COODirectSell72220258.5224,000204,4807,271,769Form
10Forbes, AlexandriaPRESIDENT & CEODirectSell70820257.9747,500378,57510,851,020Form

Investor Activity (13F)

Updated Sep 29, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Sanofi$105.6 Mil31.4%9Hold13F
Johnson & Johnson$57.5 Mil8.8%16Hold13F
Prosight Management, LP$22.8 Mil3.7%46TRIM -18.1%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Prosight Management, LP$22.8 Mil3.7%46TRIM -18.1%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Sanofi$105.6 Mil31.4%9Hold13F
Johnson & Johnson$57.5 Mil8.8%16Hold13F
Prosight Management, LP$22.8 Mil3.7%46TRIM -18.1%13F
Core Cache Last Updated: 9/28/2026