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MNOV

MediciNova

$9.14

-0.11 (-1.19%)

19:02
08/06/18
08/06
19:02
08/06/18
19:02

MediciNova to initiate MN-166 trial in collaboration with Cambridge

MediciNova announced that it plans to initiate a Phase 2/3 trial of MN-166 in degenerative cervical myelopathy in collaboration with the University of Cambridge. This clinical trial is being conducted under an agreement between MediciNova, the University of Cambridge, and Cambridge University Hospitals NHS Foundation Trust. Funding for this clinical trial is being provided by the National Institute for Health Research in the United Kingdom. The Principal Investigator is Dr. Mark Kotter, NIHR Clinician Scientist, Honorary Consultant in Neurosurgery at the University of Cambridge. This trial will evaluate MN-166 as an adjuvant treatment for DCM following spinal surgery and determine whether MN-166 is more effective than placebo in improving outcomes after spinal surgery. Nonclinical studies have shown that inhibiting PDE-4, a well-established mechanism of action of MN-166, promotes nerve growth in a traumatic spinal cord injury model. This re-growth in the spinal cord may lead to partial or complete recovery of function in DCM patients. MediciNova will provide the study drug supply, regulatory support, and safety monitoring support.

MNOV MediciNova
$9.14

-0.11 (-1.19%)

03/28/18
RILY
03/28/18
INITIATION
Target $22
RILY
Buy
MediciNova initiated with a Buy at B. Riley FBR
B. Riley FBR analyst David Buck started MediciNova with a Buy rating and $22 price target.

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AAPL

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