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UK-U.S. genetic medicines firm's Q2 revenue surged
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Company posted net income after a loss in the prior-year quarter
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MeiraGTx completed bota-vec acquisition from J&J and secured up to $400 mln investment from Oberland Capital
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LICENSE REVENUE - Co recognized $204.6 mln in license revenue from granting rights to Reogen for AAV-GAD and AAV-BDNF programs and delivery device
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SERVICE REVENUE - Service revenue rose due to contract manufacturing for Lilly and transition services for Reogen, including release of deferred revenue from terminated J&J agreements
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R&D EXPENSES - Research and development expenses increased mainly due to reacquisition of bota-vec from J&J and higher clinical trial spend for AAV2-hAQP1