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Why I'm all in on MGTX (biotech in partnership with Eric Schmidt AI startup)
MeirgaGTX (MGTX) - An under-the-radar biotech in partnership with Eric Schmidt's AI drug startup
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MGTX bleeding by the day. Insanely unprofitable but this is expected for the sector (BioTech / MedTech) Now , I personally hate companies with no proven track record being trade on an insane value . It’s like saying , if this medicine or drug hits the market , it may be worth something . Most of these companies go bankrupt , too much time and money is spent in P&D and not even focus on revenue . It has high expectations but in reality it’s worth $0 a share . Any share you buy will probably be diluted or reverse split . They need money , they will find a way to get it . In a few years / months , it may be a play. For now your liquidity funds there P&D and survival.
What do you think about MeiraGTX? Or KEEL? MGTX got recommended to be by a friend, and I picked up KEEL from trading with congress lol
Huh? UCL refers to University College London, and MGTX's market cap is above 600 million.
#TLDR --- Ticker: MGTX Direction: Up Prognosis: Buy Shares (Analyst PT Avg: $26.75) Key Catalyst: Partnership with ex-Google CEO Eric Schmidt's Hologen AI & $200M cash infusion Secret Weapon: Vertically integrated manufacturing facilities (potentially worth the entire market cap)
MGTX - Long hold until next catalyst - yesterday news upfront payment 200mil - they’re in position for higher growth - cash runaway until 2027 https://newsfilter.io/articles/meiragtx-reports-fourth-quarter-and-full-year-2024-financial-and-operational-results-and-recent-busi-3a0655f2cf850766e65b93daec043dd4 ITRM - long hold until buyout on their approved FDA drug - market sentiment between March/April - cash runaway until June 2025
I think the market cap will allow me to mention it now but whats been going on with MeiraGTX (MGTX) the past few weeks?
MGTX coming through!!
$MGTX. I'm only a rook. Think it has potential... One of you big dawgs that have experience look into it They announced. Two pre-clinical programs addressing Inherited Retinal Diseases (IRDs) caused mutations and a presentation Riboswitch Gene Regulation Platform.
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