BioCentury
ARTICLE | Financial News

After J&J retinal deal, MeiraGTx raises $80M for unpartnered programs

February 27, 2019 7:36 PM UTC

MeiraGTx Holdings plc (NASDAQ:MGTX) added $2.23 (17%) to $15.50 on Wednesday after the company raised $80 million in a private placement, which includes a $40 million equity investment from Johnson & Johnson Innovation - JJDC Inc.

MeiraGTx sold 5.8 million shares at $13.80, a 4% premium to its close Tuesday of $13.27...