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Thursday, June 30, 2022

MediciNova Announces Extension of BARDA Contract

 MediciNova, Inc., a biopharmaceutical company traded on the NASDAQ Global Market (NASDAQ: MNOV) and the JASDAQ Market of the Tokyo Stock Exchange (Code Number: 4875), today announced a modification to its contract with the Biomedical Advanced Research and Development Authority (BARDA), part of the Office of the Assistant Secretary for Preparedness and Response at the U.S. Department of Health and Human Services, to repurpose MN-166 (ibudilast) as a potential medical countermeasure (MCM) against chlorine gas-induced lung damage such as acute respiratory distress syndrome (ARDS) and acute lung injury (ALI). The contract was amended to extend the period of performance until March 2023.

Under the Division of Research, Innovation, and Ventures (DRIVe) Repurposing Drugs in Response to Chemical Threats (ReDIRECT) program, BARDA has previously provided funding for proof-of-concept studies of MN-166 in preclinical models of chlorine gas-induced ALI. MN-166 was the first compound to receive BARDA’s development support through the DRIVe ReDIRECT program, a collaboration between BARDA’s DRIVe and Chemical Medical Countermeasures Program within BARDA’s Division of Chemical, Biological, Radiological and Nuclear Medical Countermeasures.

This project has been funded in whole or in part with federal funds from the Department of Health and Human Services; Office of the Assistant Secretary for Preparedness and Response; Biomedical Advanced Research and Development Authority, under contract number 75A50121C00022.

https://finance.yahoo.com/news/medicinova-announces-extension-barda-contract-230000388.html

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