MeiraGTx Holdings PLCMeiraGTx receives up to $400M strategic investment from Oberland Capital, including non-dilutive royalty financing and equity.

MeiraGTx has entered into an agreement with Oberland Capital for an investment of up to $400 million, including up to $375 million in non-dilutive capital for capped royalty payments on certain products and up to $25 million in equity. The initial $135 million funded includes $125 million in exchange for low single-digit royalties on the included products and a $10 million equity investment. An additional $50 million will be available at the company's option tied to AAV2-hAQP1 positive data readouts from the Phase 2 AQUAx2 study in 2027, another $50 million tied to regulatory approval of botaretigene sparoparvovec in 2027, and a further $50 million tied to regulatory approval of AAV2-hAQP1 in 2028. A further $100 million is available upon mutual agreement for new products or business development, and Oberland Capital has the right to purchase an additional $15 million in equity. Following regulatory approval, Oberland Capital will receive low single-digit capped royalties on the net sales of AAV2-hAQP1 for grade 2/3 late radiation-induced xerostomia, botaretigene sparoparvovec for X-linked retinitis pigmentosa, and AAV-AIPL1 for LCA4.
MeiraGTx Holdings PLCMeiraGTx receives up to $400M strategic investment from Oberland Capital, including non-dilutive royalty financing and equity.