Gene therapy firm MeiraGTx's 2025 net loss narrows

Overview

• UK-US genetic medicines firm's 2025 revenue surged

• Company reported a narrower net loss for 2025 compared to prior year

Outlook

• MeiraGTx believes it has capital to fund operations into H2 2027, excluding potential milestone payments

Result Drivers

• LILLY COLLABORATION - License revenue increased due to a $75 mln upfront payment from Eli Lilly for the AAV-AIPL1 program and related assets

• SERVICE REVENUE DECLINE - Service revenue and related costs fell as Johnson & Johnson manufacturing work was substantially completed in H1 2025

• R&D SPENDING - Research and development expenses rose due to increased manufacturing costs and higher activity in clinical and preclinical programs, partly offset by lower AAV-hAQP1 costs

Company press release: ID:nGNX312C4s

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the biotechnology & medical research peer group is "buy"

• Wall Street's median 12-month price target for MeiraGTx Holdings PLC is $29.00, about 280.6% above its March 25 closing price of $7.62

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