Kissei purchase of MediciNova stock funds ex-Kissei asthma/COPD candidate
This article was originally published in Scrip
MediciNova, which is traded on both the NASDAQ market and the Jasdaq market of the Osaka Securities Exchange, plans to raise $7.5 million to fund development of MN-221, its Phase II acute asthma drug. And it is doing it by selling stock to Japan’s Kissei Pharmaceutical, the company from which it licensed MN-221 in the first place.
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