SNY - Why Is Gene Therapy Company MeiraGTx Stock Trading Higher Today? | Benzinga
MeiraGTx Holdings plc (NASDAQ: MGTX) shares are trading higher after French pharma giant Sanofi SA (NASDAQ: SNY) made a $30 million investment in the company. It purchased 4.0 million ordinary shares at $7.50 per share.
Alexandria Forbes, president and chief executive officer of MeiraGTx, commented, "We view Sanofi's interest in our Riboswitch gene regulation technology and our clinical Xerostomia program as further validation of the broad ...