Gene therapy firm MeiraGTx Q1 revenue drops, net loss widens

MeiraGTx Holdings

14/05/2026 13:10

Overview

UK-U.S. gene therapy firm's Q1 revenue fell sharply, missing analyst expectations

Company posted wider net loss for Q1

MeiraGTx reacquired bota-vec therapy rights and raised $100 mln in new financing

Outlook

MeiraGTx plans regulatory submissions for bota-vec in the U.S., EU, UK and Japan

Company expects pivotal data for AAV2-hAQP1 in Q2 2027, with potential U.S. launch in early 2028

MeiraGTx expects to initiate Phase 3 study of AAV-GAD for Parkinson’s disease in coming months

Result Drivers

SERVICE REVENUE DECLINE - Q1 revenue fell due to decreased process performance qualification (PPQ) service activity for J&J, as work was largely completed in early 2025

LOWER R&D AND ADMIN COSTS - Operating expenses declined slightly due to reduced personnel and clinical trial material costs

FOREIGN CURRENCY LOSS - Q1 results were impacted by a $2.8 mln foreign currency loss due to U.S. dollar strength

Company press release: ID:nGNX2VMNL9

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$293,000
$19.92 mln (6 Analysts)
Q1 Net Income
-$46.31 mln
Q1 Income from Operations
-$40.82 mln
Q1 Operating Expenses
$41.11 mln


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 $20.00, about 100.6% above its May 13 closing price of $9.97

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)