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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.

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HPP

Hudson Pacific

$30.66

0.42 (1.39%)

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OJSCY

Rosneft

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MIC

Macquarie Infrastructure

$37.41

-26.21 (-41.20%)

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ACIA

Acacia Communications

$41.84

-1.6 (-3.68%)

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XPO

XPO Logistics

$93.56

-0.43 (-0.46%)

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SNY

Sanofi

$39.85

0.34 (0.86%)

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Bioverativ

$104.30

0.39 (0.38%)

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Bioverativ

$104.30

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KNX

Knight-Swift

$47.83

-0.47 (-0.97%)

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SBGL

Sibanye Gold

$4.05

-0.38 (-8.58%)

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INGIF

Ingenico Group

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MOMO

Momo

$30.53

-1.44 (-4.50%)

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GDDY

GoDaddy

$55.43

-0.27 (-0.48%)

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SRE

Sempra Energy

$106.64

1.21 (1.15%)

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MB

Mindbody

$35.55

2.2 (6.60%)

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FNGN

Financial Engines

$29.95

-0.45 (-1.48%)

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OKTA

Okta

$35.82

0.49 (1.39%)

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COTV

Cotiviti Holdings

$34.21

-0.32 (-0.93%)

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ARD

Ardagh Group

$19.01

0.8 (4.39%)

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BSX

Boston Scientific

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SGMO

Sangamo

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3.2 (14.41%)

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EMN

Eastman Chemical

$101.51

0.42 (0.42%)

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UMICY

Umicore

$14.37

-0.185 (-1.27%)

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GVA

Granite Construction

$60.58

1.04 (1.75%)

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LYG

Lloyds Banking

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