MediciNova receives notice of allowance for new patent covering MN-001

MediciNova, Inc. announced that it has received a Notice of Allowance from the Chinese Patent Office for a pending patent application which covers MN-001 for the treatment of hypertriglyceridemia, hypercholesterolemia, and hyperlipoproteinemia. Once issued, the patent maturing from this allowed patent application is expected to expire no earlier than July 2034. The allowed claims cover the use of MN-001 for reducing a triglyceride blood level, the use of MN-001 for reducing a total cholesterol blood level, and the use of MN-001 for reducing a low density lipoprotein blood level. The allowed claims cover oral administration including liquid and solid dosage forms. Yuichi Iwaki, MD, PhD, President and CEO of MediciNova, Inc. commented, “We are very pleased to receive notice that this new patent will be granted and we believe it could substantially increase the potential value of MN-001. Although we have an existing patent that covers the polymorphic form of MN-001 in China, this will be the first method of use patent granted in China for MN-001. We have recently been granted two patents which cover MN-001 for hypertriglyceridemia, hypercholesterolemia and fibrotic diseases in Japan. With these three new patents, we are planning to expand our development efforts in Asia.”

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