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Here is Why MeiraGTx Holdings (MGTX) is One of the Best Growth Stocks Under $10

MeiraGTx Holdings (NASDAQ:MGTX) is one of the best growth stocks under $10 to invest in. On April 16, MeiraGTx Holdings entered into an asset purchase agreement with Johnson & Johnson to reacquire all interests in botaretigene sparoparvovec (bota-vec), a gene therapy for X-linked retinitis pigmentosa/XLRP. Under the terms of the deal, MeiraGTx will provide an upfront cash payment of $25 million, followed by milestone payments tied to US regulatory approval and sales performance, as well as royalties starting in 2029.

The company, which is already the commercial manufacturer for the product, intends to immediately begin filing for regulatory approval in the US, EU, and Japan, targeting a potential market launch in 2027. The acquisition follows compelling data from the Phase 3 LUMEOS study, which showed clinically meaningful and statistically significant improvements in retinal sensitivity and visual function.

Mila Supinskaya Glashchenko/Shutterstock.com

While the primary endpoint regarding a maze-based mobility assessment did not meet statistical significance, secondary measures showed that 45% of treated patients gained 10 or more letters in low luminance visual acuity. Furthermore, 40% of treated subjects showed improvement across multiple vision domains. MeiraGTx Holdings (NASDAQ:MGTX) plans to use its existing manufacturing infrastructure and established relationships with global centers of excellence to bring bota-vec to the estimated 20,000 patients living with XLRP in the US and Europe.

MeiraGTx Holdings (NASDAQ:MGTX) is a clinical-stage biotechnology company that develops gene therapies for serious diseases. It uses viral vector technologies to target genetic disorders, ocular diseases, and neurodegenerative conditions to deliver durable, transformative treatments.

While we acknowledge the risk and potential of MGTX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MGTX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
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  • 140 Metas
  • 84 Googles
  • 65 Microsofts
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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
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