Metagenomi (NASDAQ: MGX) is a publicly traded Gene & Genome Editing Platforms company founded in 2016 and based in Emeryville, United States.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Feb 9, 2024 | IPO (Nasdaq: MGX) | $93.8M | — | — |
Metagenomi Therapeutics reported Q2 2026 results for its in vivo genome editing platform. The company recorded collaboration revenue of negative $257K (compared to $8.5M in Q2 2025), driven by a reversal related to partnership accounting. R&D expenses remained flat at $22.5M, while G&A expenses declined to $6.0M from $7.0M year-over-year. Net loss widened to $27.5M (or $0.73 per share) versus $19.9M ($0.54 per share) in Q2 2025. Cash and marketable securities totaled $120.7M as of June 30, 2026, down from $160.8M at year-end 2025, with management projecting runway into Q4 2027. The lead program MGX-001 for hemophilia A remains on track to submit an IND application in Q4 2026, with GLP toxicology studies expected complete by end of Q3 2026. The company also continues evaluating protein replacement indications using its large gene integration system.
IND submission for MGX-001 planned Q4 2026; cash runway through Q4 2027
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Metagenomi's core platform mines vast metagenomic sequence datasets to discover new gene-editing proteins, yielding a portfolio that includes CRISPR nucleases, ultra-small base editors, and large-payload integration systems. The toolbox is designed so that the right tool can be matched to each genomic target — from single-base correction to inserting entire genes — rather than forcing every disease onto one enzyme. Partners license these systems for their own pipelines; Ionis has advanced collaboration programs into lead optimization using Metagenomi editors.
RNA-mediated integration systems (RIGS) and CRISPR-associated transposase (CAST) systems are Metagenomi's tools for large-cargo gene insertion — writing entire functional genes into the genome at a chosen site rather than only correcting individual bases. This addresses diseases caused by many different mutations in a single gene, where one whole-gene insertion can substitute for hundreds of distinct corrections. In May 2024 Metagenomi regained full development rights to its wholly owned base-editing and RIGS systems after concluding its Moderna collaboration.
7 patents on file, but none with both an extractable figure and an abstract on Google Patents yet.
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