MeiraGTx Falls 5.5% as MGTX Shares Slip, Investors Keep Watch Next Week
MeiraGTx shares fell 5.5% Friday to $9.40, capping a 4.3% weekly decline after a late-week selloff. The company reported a first-quarter net loss of $46.3 million and service revenue of $293,000, down from $1.9 million a year earlier. In April, MeiraGTx raised $100 million in a stock offering and agreed to buy back bota-vec from Johnson & Johnson for $25 million.