RBC Capital raised the firm’s price target on MeiraGTx (MGTX) to $24 from $16 and keeps an Outperform rating on the shares. The company’s 3-year follow-up data from the Phase I xerostomia program shows “promising durability”, and the firm is positive that XLRP program is back under MeiraGTx control as they intend to file imminently and potentially launch in 2027, the analyst tells investors in a research note.
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