Medicinova Stock Price, News & Analysis

MediciNova, Inc. announced positive results from a Phase 2 trial of MN-166 (ibudilast) for treating alcohol use disorder (AUD) published in Nature’s Translational Psychiatry. The trial demonstrated a 45% reduction in heavy drinking odds and reduced alcohol craving on non-drinking days. The study involved 52 participants and aimed to assess mood and neural activation related to alcohol cues. These findings indicate potential for MN-166 as a novel AUD treatment, addressing the unmet medical need for effective therapies.

MediciNova, a biopharmaceutical company trading as MNOV, announced a fireside chat with CEO Yuichi Iwaki and VP Geoffrey O'Brien on June 23, 2021, at 1:00 pm ET, hosted by Maxim Group's Jason McCarthy. The company is focused on developing therapies for neurodegenerative, inflammatory, and fibrotic diseases, with MN-166 in Phase 3 trials for ALS and DCM. The drug is also in Phase 2 trials for glioblastoma and ARDS. MN-001 is in Phase 2 for idiopathic pulmonary fibrosis. MediciNova has 11 active clinical programs and is known for securing grants for its trials.

MediciNova has launched a sheep study to assess the efficacy of MN-166 (ibudilast) in treating chlorine-induced acute lung injury. In collaboration with BARDA, this study aims to evaluate pulmonary function and injury response. MN-166, already in late-stage development for neurological diseases, shows promise as a medical countermeasure for lung damage from chlorine exposure. The research could pave the way for innovative treatments without human trials under FDA's Animal Rule.

MediciNova completed a $20M private placement and formed a partnership with BARDA to develop MN-166 for acute lung injury from chlorine gas. The company received $4M in milestone payments from Genzyme and maintains a robust cash balance of $76M to support late-stage programs. Financial results for Q1 2021 include $4M in revenue and a net loss of just $0.2M, an improvement from the previous year. Key clinical trials are ongoing for MN-166 in ALS and COVID-19, alongside preparations for a Phase 2 study in NASH.

MediciNova, Inc. announced receiving a Notice of Intention to Grant from the European Patent Office for a patent covering the combination of MN-166 (ibudilast) and riluzole to treat amyotrophic lateral sclerosis (ALS). This patent is expected to expire no earlier than November 2035 and includes various dosing regimens. The company is currently conducting a Phase 3 clinical trial in the U.S. and Canada for this combination, which has received orphan-drug and fast-track designations from the FDA. MediciNova aims to enhance the treatment landscape for ALS, affecting approximately 16,000 patients in the U.S.

MediciNova (NASDAQ:MNOV) announced receipt of two milestone payments totaling $4 million from Genzyme, a Sanofi subsidiary. These payments are due to successful achievements in clinical development milestones concerning a gene therapy product utilizing AAV vector technology. This development emphasizes MediciNova's strategic focus on treatments for unmet medical needs, including neurological disorders and fibrotic diseases. The company continues to advance its pipeline with products like MN-166 and MN-001.

MediciNova has announced participation in a fireside chat at the B. Riley Neuroscience Conference on April 29, 2021, at 1:30 p.m. ET. CEO Yuichi Iwaki and VP Geoffrey O'Brien will discuss MN-166 (ibudilast), a treatment for neurological conditions including ALS and multiple sclerosis. MN-166 inhibits pro-inflammatory cytokines and promotes neurotrophic factors, backed by promising preclinical and clinical trial results. The company will also be available for one-on-one meetings during the conference, allowing investors to engage directly.

MediciNova, a biopharmaceutical company trading on NASDAQ under the symbol MNOV, will participate in the UBS Global Healthcare Virtual Conference from May 24-26, 2021. Key executives, including Yuichi Iwaki, MD, PhD, President, and Geoffrey O'Brien, JD/MBA, Vice President, will hold one-on-one meetings with investors. MediciNova is focused on developing novel therapeutics for unmet medical needs, targeting neurological disorders and fibrotic diseases. For more details, visit medicinova.com.

MediciNova, Inc. has announced a partnership with BARDA to repurpose its drug MN-166 (ibudilast) as a medical countermeasure against chlorine gas-induced lung damage. This collaboration falls under BARDA's ReDIRECT program, which provides funding for proof-of-concept studies in preclinical models. MN-166 has shown efficacy in reducing pulmonary injury in animal models and has been administered to over 800 clinical trial participants. The drug is also in late-stage development for several neurological disorders and COVID-19-related ARDS.