MeiraGTx Announces $80 Million Private Placement of Ordinary Shares
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MeiraGTx Holdings plc (MGTX) PT Raised to $40 at Chardan Capital Markets; 3rd Investment by J&J
February 27, 2019 11:45 AM ESTChardan Capital Markets analyst Gbola Amusa raised the price target on MeiraGTx Holdings plc (NASDAQ: MGTX) to $40.00 (from $30.00) while maintaining a Buy rating.
Amusa commented, "MeiraGTx (a Chardan Top Pick for 2019), after a recently-announced strategic collaboration on inherited retinal diseases (IRDs) with J&J's Janssen Pharmaceuticals ($100 mm upfront, $340 mm milestones, 20% untiered royalties), announced an $80 mm private placement, with... More
