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MNOV

MediciNova

$9.81

-0.49 (-4.76%)

05:15
01/22/19
01/22
05:15
01/22/19
05:15

MediciNova receives Notice of Allowance from USPTO for MN-166/riluzole combo

MediciNova announced that it has received a Notice of Allowance from the U.S. Patent and Trademark Office for a pending patent application which covers the combination of MN-166 and riluzole for the treatment of amyotrophic lateral sclerosis, or ALS, and other neurodegenerative diseases. Once issued, the patent maturing from this allowed patent application is expected to expire no earlier than November 2035. The allowed claims cover a method of treating a patient diagnosed with ALS, as well as a wide range of other neurodegenerative diseases, with the combination of MN-166 and riluzole. Other neurodegenerative diseases covered by this patent include Alzheimer's disease, Parkinson's disease, multiple sclerosis, Huntington's disease, Lewy body disease, motor neuron disease, spinal muscular atrophy, myelopathy, traumatic brain injury, spinal cord injury, and many others. MediciNova was previously granted a U.S. patent which covers the use of MN-166 as monotherapy for the treatment of ALS and it expires no earlier than January 2029. MediciNova was previously granted three U.S. patents which cover the use of MN-166 as monotherapy for the treatment of progressive multiple sclerosis including both primary progressive multiple sclerosis and secondary progressive multiple sclerosis. The first one of these patents expires no earlier than November 2029 and patent term restoration would add 5 years once MN-166 is approved for progressive multiple sclerosis, extending the patent expiration to November 2034.

MNOV MediciNova
$9.81

-0.49 (-4.76%)

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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