Billionaire Joseph Edelman’s Top 10 Long-Term Stock Picks

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7. MeiraGTx Holdings plc (NASDAQ:MGTX)

Number of Hedge Fund Holders: 14 

Perceptive Advisors’ Stake: $6.3 million

MeiraGTx Holdings plc (NASDAQ:MGTX) offers a broad pipeline of preclinical and research programs, and provides gene therapy manufacturing and transformative gene regulation technology. The following factors make MeiraGTx Holdings a great place to invest. Firstly, significant financial growth was seen as illustrated in the report of the third quarter of 2024; the company reported revenue of $10.9 million, significantly surpassing the analyst estimates of $1.63 million. In addition, the cash and cash equivalents were approximately $122.9 million. Secondly, the company’s multiple pipeline programs also hold potential for investment. For instance, a Phase-2 trial was initiated targeting radiation-induced xerostomia (RIX), a debilitating condition resulting from head and neck cancer treatments. Another pipeline program is addressing Sjogren’s syndrome, an autoimmune disease affecting salivary glands.

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