MeiraGTx expects cash to fund requirements into 1Q26

As of December 31, 2023, MeiraGTx had cash and cash equivalents of approximately $129.6 million. In addition, the Company received a milestone payment of $50.0 million in the first quarter of 2024 from Janssen in connection with the asset purchase agreement and expects to receive $10.1 million from receivables which is expected to be collected in the first quarter of 2024 from Janssen in connection with the collaboration agreement. The Company believes that with such funds, as well as anticipated near-term milestones from Janssen under the asset purchase agreement, it will have sufficient capital to fund operating expenses and capital expenditure requirements into the first quarter of 2026. This estimate does not include the $285.0 million in milestones the Company is eligible to receive under the asset purchase agreement upon first commercial sale of bota-vec in the United States and in at least one of the United Kingdom, France, Germany, Spain and Italy, for completion of the transfer of certain manufacturing technology to Janssen and upon regulatory approval of a Janssen-selected manufacturing facility in each of the United States and European Union for commercial manufacture of bota-vec.