MeiraGTx Q1 net loss $30.4M; raises $60M PIPE; BLA on track for 2024

MeiraGTx Holdings plc

2023-Q1 EPS reported -$0.62 revenue$3,334,000

Net loss $30.4M ($0.62/share) vs $31.0M ($0.70) in Q1 2022; cash $68.8M at March 31, 2023.
Raised ~$60M in May 2023 PIPE led by top holders Perceptive, Adage, Prosight, 683 Capital.
BLA submission for bota-vec (XLRP) remains on track for 2024; Phase 3 LUMEOS enrollment ongoing.
AAV-hAQP1 Phase 1 12-month data for xerostomia to be presented Q2 2023; Phase 2 to start Q2 2023.
License revenue $3.3M (down from $5.6M); R&D $22.3M (down from $23.1M); G&A $12.8M (up from $11.3M).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MeiraGTx Holdings plc reported the quarter ended March 31, 2023 results: revenue $3.3 million.

Period: the quarter ended March 31, 2023
Revenue: $3.3 million
Result: reported results

Exact text from the filing

of 20 25 . Financial Results Cash and cash equivalents were $68.8 million as of March 31, 2023, compared to $115.5 million as of December 31, 2022. License revenue was $ 3.3 million for the quarter ended March 31, 2023, compared to $5.6 million for the quarter ended March 31, 2

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Source: SEC EDGAR

accession 0001558370-23-009270

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