MeiraGTx (Nasdaq: MGTX) has entered into a strategic partnership with artificial intelligence firm Hologen to accelerate the Phase III development of AAV-GAD, a gene therapy for Parkinson’s disease.
The agreement, which will also expand the firm’s manufacturing operations, is valued at up to $430 million. It includes the creation of a joint venture, Hologen Neuro AI, that will take over the late-stage development of the candidate.
As part of the deal, MeiraGTx will receive an upfront payment of $200 million, while Hologen will commit an additional $230 million to fully finance development to commercialization. The partnership also extends to other potential treatments, including MeiraGTx’s gene therapy for genetic obesity.
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