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MediciNova Inc

MediciNova, Inc. is a biopharmaceutical company focused on developing novel small molecule therapeutics for serious diseases with unmet medical needs in the United States. Its lead candidate, MN-166 (ibudilast), is an oral anti-inflammatory and neuroprotective agent in Phase 2 clinical trials for neurological and other disorders, including progressive multiple sclerosis, amyotrophic lateral sclerosis, chemotherapy-induced peripheral neuropathy, degenerative cervical myelopathy, glioblastoma, and the prevention of acute respiratory distress syndrome. The company is also developing MN-001 (tipelukast), an orally bioavailable small molecule compound in Phase 2 clinical trials for fibrotic and metabolic disorders such as nonalcoholic fatty liver disease and hypertriglyceridemia. MediciNova, Inc. was incorporated in 2000 and is headquartered in La Jolla, California.

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Accel, Happinet, Asahi Yukizai and others raise earnings forecasts

In the Tokyo stock market on the 9th, Accel, Happinet, Asahi Yukizai, NSD, and NaITO were bought after raising their earnings forecasts the previous day. Accel hit the daily limit-up with pro-rata allocation, lifting its first-half operating profit from a previous forecast of 970 million yen to 1.33 billion yen and its full-year figure from 1.2 billion yen to 2.29 billion yen, while also raising its annual dividend from 41 yen to 79 yen. Happinet raised its first-half operating profit from 7.8 billion yen to 13.5 billion yen; Asahi Yukizai lifted its first-half figure from 3.9 billion yen to 5.5 billion yen and its full-year figure from 8.5 billion yen to 12 billion yen, and increased its annual dividend from 130 yen to 180 yen. NSD raised its first-half operating profit from 8.4 billion yen to 8.9 billion yen and its full-year figure from 19.5 billion yen to 20.1 billion yen, while NaITO revised its full-year operating profit forecast upward from 400 million yen to 1.25 billion yen. Meanwhile, MediciNova hit the daily limit-down with pro-rata allocation after its Phase 2 clinical trial of MN-001 failed to show statistical superiority, and Chugai Pharmaceutical fell sharply for a second day after Roche decided to discontinue development of GYM329, a candidate treatment for obesity.
4216.JP · Capital · Positive Asahi Yukizai raised its first-half and full-year operating profit forecasts and lifted its annual dividend.
4519.JP · Technology · Negative Roche decided to discontinue development of GYM329, an obesity treatment candidate, hitting Chugai shares for a second day.
6730.JP · Capital · Positive Axell raised its first-half and full-year operating profit forecasts and lifted its annual dividend.
7552.JP · Capital · Positive Happinet raised its first-half operating profit forecast from 7.8 billion yen to 13.5 billion yen.
7624.JP · Capital · Positive NaITO raised its full-year operating profit forecast from 400 million yen to 1.25 billion yen.
9759.JP · Capital · Positive NSD raised its first-half and full-year operating profit forecasts.
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Biotech & Genomic Medicine▲

MediciNova Reports Topline Results from Phase 2 MN-001 Trial in NAFLD and Hypertriglyceridemia

MediciNova, Inc. announced topline results from MN-001-NATG-202, a Phase 2 clinical trial evaluating MN-001 (tipelukast) for the treatment of hypertriglyceridemia and nonalcoholic fatty liver disease (NAFLD) associated with type 2 diabetes mellitus (T2DM). The randomized, double-blind, placebo-controlled study enrolled 40 patients over a 24-week treatment period. At Week 4, mean serum triglycerides decreased from baseline by 54.7 mg/dL (26.05%) in the MN-001 group versus 23.8 mg/dL (11.54%) in the placebo group, a statistically significant difference of 30.96 mg/dL with p=0.015; at Week 24, the mean decrease was 31.4 mg/dL greater with MN-001 than with placebo but was not statistically significant at p=0.113. At Week 24, mean HDL-C increased by 3.3 mg/dL (8.39%) in the MN-001 group versus a decrease of 2.4 mg/dL (6.23%) in the placebo group, a statistically significant difference of 5.7 mg/dL with p=0.0048, while mean HDL-P increased by 3.62 µmol/L (11.80%) in the MN-001 group versus a decrease of 0.9 µmol/L (3.00%) in the placebo group, a statistically significant difference of 4.52 µmol/L with p=0.018. Liver fat, measured by FibroScan controlled attenuation parameter, decreased by 14.1 dB/m (4.24%) in the MN-001 group versus 4.3 dB/m (1.27%) in the placebo group, a non-significant difference of 9.7 dB/m at p=0.2438, and body weight decreased by 4.91 lb (2.28%) in the MN-001 group versus 0.55 lb (0.25%) in the placebo group, a difference of 4.36 lb at p=0.082. MN-001 was generally safe and well tolerated, with treatment-related adverse events mild to moderate in severity and no drug-related serious adverse events reported. MediciNova said the exploratory 40-patient proof-of-concept study indicates efficacy should be evaluated in a larger study, and it will continue detailed analyses and assess the next stage of clinical development, including appropriate patient population, endpoints, and sample size.
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Biotech & Genomic Medicine › Metabolic, Diabetes & Obesity Demand
MNOV · Technology · Positive Topline Phase 2 results show MN-001 significantly lowered triglycerides at Week 4 and raised HDL-C/HDL-P at Week 24, supporting the drug's clinical development.
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Biotech & Genomic Medicine▲

MediciNova Completes Last Patient Visit in Phase 2b/3 COMBAT-ALS Trial of MN-166

MediciNova announced the completion of the last patient, last visit in the double-blind portion of COMBAT-ALS, a Phase 2b/3 clinical trial evaluating MN-166 (ibudilast) for the treatment of Amyotrophic Lateral Sclerosis. A total of 234 participants were randomized to two treatment arms at clinical sites in the United States and Canada, and participants who remain active in the study are continuing treatment with MN-166 in the Open-Label Extension phase. The company expects to report topline results from the double-blind portion of the study by the end of 2026, while the last patient, last visit for the entire study is expected in March 2027. The trial's primary endpoint is the Combined Assessment of Function and Survival, with secondary endpoints including change in the ALS Functional Rating Scale-Revised, muscle strength measured by hand-held dynamometry, and quality-of-life assessments. MN-166 has received Fast Track designation and Orphan Drug designation from the U.S. Food and Drug Administration, as well as orphan designation from the European Medicines Agency.
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Biotech & Genomic Medicine › Neuroscience & Neurodegenerative Technology
MNOV · Technology · Positive MediciNova completed the last patient visit in the Phase 2b/3 COMBAT-ALS trial of MN-166, advancing its clinical development toward topline results.
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Biotech & Genomic Medicine▲

MediciNova hits 200-patient enrollment target in NIH-funded SEANOBI expanded access study of MN-166 for ALS

MediciNova announced that the target enrollment of 200 patients has been achieved in the SEANOBI-ALS study, an expanded access program evaluating MN-166 (ibudilast) in patients with amyotrophic lateral sclerosis. The study is funded by the National Institute of Neurological Disorders and Stroke under the ACT for ALS initiative and provides the investigational drug to individuals with ALS who are not eligible for ongoing randomized clinical trials. Final patient follow-ups are projected to conclude in early 2027, after which data analysis will begin to support scientific presentations and peer-reviewed publications. MN-166 is an orally available small-molecule inhibitor of phosphodiesterase-4 and inflammatory cytokines, and MediciNova previously completed enrollment in its COMBAT-ALS Phase 2b/3 clinical trial of the same compound in September 2025.
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Biotech & Genomic Medicine › Neuroscience & Neurodegenerative Demand
MNOV · Demand · Positive Achieved enrollment target in expanded access study for MN-166 in ALS, indicating patient demand and progress toward data.
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Biotech & Genomic Medicine▲

MediciNova completes last patient visit in Phase 2 NAFLD trial, expects data in Q3 2026

MediciNova has completed the last patient last visit in its Phase 2 clinical trial of MN-001 (tipelukast) for hypertriglyceridemia and nonalcoholic fatty liver disease associated with type 2 diabetes, with top-line data expected in the third quarter of 2026. The company also enrolled 100 patients, half of the planned 200, in the SEANOBI expanded-access program evaluating MN-166 (ibudilast) in amyotrophic lateral sclerosis. A U.S. patent notice of allowance was received for ibudilast combined with an anti-PD-1 antibody for glioblastoma, expiring no earlier than September 2042. Additionally, a peer-reviewed study showed ibudilast can block brain metastasis growth by inhibiting MIF-CD74 signaling. MediciNova now has four equity research firms covering the stock, up from one eighteen months ago, and expects topline data from its COMBAT ALS Phase 2b/3 registration trial by the end of 2026.
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Biotech & Genomic Medicine › Neuroscience & Neurodegenerative Regulation
Biotech & Genomic Medicine › Oncology Therapeutics Technology
MNOV · Technology · Positive Phase 2 NAFLD trial completed, Phase 2b/3 ALS trial data expected, and patent allowance for ibudilast combo therapy.
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