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MNOV

MediciNova

$9.73

-1.02 (-9.49%)

16:55
02/07/18
02/07
16:55
02/07/18
16:55

MediciNova announces common stock offering

MediciNova announced that it intends to offer shares of its common stock in an underwritten public offering. All of the shares of common stock to be sold in the offering will be offered by MediciNova. MediciNova intends to use the net proceeds received from the offering primarily to continue to fund the development of its MN-166 and MN-001 programs, including a Phase 3 clinical trial of MN-166 for the treatment of progressive MS, and for working capital and general corporate purposes, including support for MediciNova's continuing research and development of its product candidates and research programs, clinical trials, commercialization activities and business development activities. MediciNova may use a portion of the net proceeds for acquisitions of businesses, products, technologies or licenses that are complementary to its business, although MediciNova has no present commitments or agreements to do so. Ladenburg Thalmann & Co., a subsidiary of Ladenburg Thalmann Financial Services, is acting as sole book-running manager of the offering. B. Riley FBR is acting as lead manager of the offering.

MNOV MediciNova
$9.73

-1.02 (-9.49%)

04/18/17
FBCO
04/18/17
INITIATION
FBCO
Outperform
MediciNova initiated with an Outperform at Credit Suisse
Credit Suisse analyst Dr Yen Tin Chen initiated MediciNova with an Outperform citing its pipeline of small molecules for neurological and fibrotic diseases with high unmet needs and expects the company to turn profitable from FY12/23.

TODAY'S FREE FLY STORIES

ENIA

Enel Americas

$9.25

-0.08 (-0.86%)

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UL

Unilever; also tag UN

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0.64 (1.19%)

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Unilever; also tag UL

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0.7 (1.30%)

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MSFT

Microsoft

$100.24

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, GOOGL

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F

Ford

$11.88

-0.01 (-0.08%)

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BMY

Bristol-Myers

$54.81

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PTCT

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CYTK

Cytokinetics

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PERY

Perry Ellis

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VSTM

Verastem

$6.53

0.95 (17.03%)

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  • 05

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IQ

iQIYI

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-0.44 (-1.08%)

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HD

Home Depot

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PAY

Verifone

$22.84

0.01 (0.04%)

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CACI

CACI

$167.60

1.1 (0.66%)

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CACI to hold a webcast »

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  • 21

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ARGX

Argenx

$92.38

-3.32 (-3.47%)

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Management holds a Key…

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  • 20

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PTC

PTC

$94.87

-0.46 (-0.48%)

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PTC to host analyst day »

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13:41
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Federal Reserve Bank of Atlanta president speaks at a meeting »

Atlanta Federal Reserve…

VRX

Valeant

$26.86

0.06 (0.22%)

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  • 18

    Jun

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WMGI

Wright Medical

$25.83

-0.26 (-1.00%)

13:27
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Wright Medical management to meet with Leerink »

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