tiprankstipranks
Trending News
More News >

MeiraGTx Holdings Signs New Lease in New York

Story Highlights
MeiraGTx Holdings Signs New Lease in New York

Confident Investing Starts Here:

Meiragtx Holdings ( (MGTX) ) has issued an announcement.

On March 31, 2025, MeiraGTx, LLC, a subsidiary of MeiraGTx Holdings plc, entered into a lease agreement with ARE-East River Science Park, LLC for laboratory and office space in New York, NY. The lease is set to commence between July 1 and August 1, 2025, with an initial term of seven years and seven months, and includes an option for a five-year extension. The agreement involves a base rent of $111 per square foot per year, with scheduled annual increases, and a landlord contribution for construction and improvements. Additionally, MeiraGTx has decided to accelerate the termination of its existing sublease with ImClone Systems, LLC, which will now end around August 31, 2025, instead of the originally scheduled October 31, 2026.

More about Meiragtx Holdings

YTD Price Performance: -2.23%

Average Trading Volume: 504,700

Technical Sentiment Signal: Buy

Current Market Cap: $483.4M

See more data about MGTX stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1