MarketBeat Deals and strategy
Johnson & Johnson Takes $89.72 Billion Position in MeiraGTx Holdings PLC $MGTX
Johnson & Johnson has acquired 6.64 million shares of MeiraGTx Holdings PLC, valued at approximately $89.72 billion, making it J&J's third-largest portfolio holding. This significant investment comes as MeiraGTx reported strong second-quarter earnings, exceeding analyst expectations, and received FDA Breakthrough Therapy Designation for one of its gene therapies. Despite the positive outlook from analysts, concerns about shareholder dilution …