LA JOLLA, Calif., Nov. 10, 2015 (GLOBE NEWSWIRE) -- 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 that it has received a Notice of Allowance from the Japan Patent Office of MN-221 (bedoradrine) for the treatment of irritable bowel syndrome.
Once issued, the patent maturing from this allowed patent application is expected to expire no earlier than April 2031. The allowed claims cover a compound, pharmaceutical composition and a method of treating irritable bowel syndrome. MediciNova intends to use bedoradrine in future development.
"We are very pleased that this new patent will be granted as we believe it could substantially increase the potential value of MN-221," commented Yuichi Iwaki, MD, PhD, President and CEO of MediciNova, Inc.
“This is an opportunity to allow us more flexibility to consider pursuing other indications for MN-221 in future development.”
About Irritable Bowel Syndrome
Irritable bowel syndrome is a functional gastrointestinal (GI) disorder, meaning it is a problem caused by changes in how the GI tract works. The pain or discomfort of IBS may occur with a change in stool frequency or consistency or may be relieved by a bowel movement. Irritable bowel syndrome is estimated to affect 10 to 15 percent of the population.
About MN-221
MN-221 (bedoradrine) is a novel, highly selective beta2-adrenergic receptor agonist. MediciNova acquired a sublicensable license to MN-221 from Kissei Pharmaceutical Co., Ltd.
About MediciNova
MediciNova, Inc. is a publicly-traded biopharmaceutical company founded upon acquiring and developing novel, small-molecule therapeutics for the treatment of diseases with unmet medical needs with a commercial focus on the U.S. market. MediciNova's current strategy is to focus on MN-166 (ibudilast) for neurological disorders such as progressive MS, ALS and substance dependence (e.g., methamphetamine dependence, opioid dependence) and MN-001 (tipelukast) for fibrotic diseases such as nonalcoholic steatohepatitis (NASH) and idiopathic pulmonary fibrosis (IPF). MediciNova’s pipeline also includes MN-221 (bedoradrine) for the treatment of acute exacerbations of asthma and MN-029 (denibulin) for solid tumor cancers. MediciNova is engaged in strategic partnering and other potential funding discussions to support further development of its programs. For more information on MediciNova, Inc., please visit www.medicinova.com.
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Once issued, the patent maturing from this allowed patent application is expected to expire no earlier than April 2031. The allowed claims cover a compound, pharmaceutical composition and a method of treating irritable bowel syndrome. MediciNova intends to use bedoradrine in future development.
"We are very pleased that this new patent will be granted as we believe it could substantially increase the potential value of MN-221," commented Yuichi Iwaki, MD, PhD, President and CEO of MediciNova, Inc.
“This is an opportunity to allow us more flexibility to consider pursuing other indications for MN-221 in future development.”
About Irritable Bowel Syndrome
Irritable bowel syndrome is a functional gastrointestinal (GI) disorder, meaning it is a problem caused by changes in how the GI tract works. The pain or discomfort of IBS may occur with a change in stool frequency or consistency or may be relieved by a bowel movement. Irritable bowel syndrome is estimated to affect 10 to 15 percent of the population.
About MN-221
MN-221 (bedoradrine) is a novel, highly selective beta2-adrenergic receptor agonist. MediciNova acquired a sublicensable license to MN-221 from Kissei Pharmaceutical Co., Ltd.
About MediciNova
MediciNova, Inc. is a publicly-traded biopharmaceutical company founded upon acquiring and developing novel, small-molecule therapeutics for the treatment of diseases with unmet medical needs with a commercial focus on the U.S. market. MediciNova's current strategy is to focus on MN-166 (ibudilast) for neurological disorders such as progressive MS, ALS and substance dependence (e.g., methamphetamine dependence, opioid dependence) and MN-001 (tipelukast) for fibrotic diseases such as nonalcoholic steatohepatitis (NASH) and idiopathic pulmonary fibrosis (IPF). MediciNova’s pipeline also includes MN-221 (bedoradrine) for the treatment of acute exacerbations of asthma and MN-029 (denibulin) for solid tumor cancers. MediciNova is engaged in strategic partnering and other potential funding discussions to support further development of its programs. For more information on MediciNova, Inc., please visit www.medicinova.com.
Help employers find you! Check out all the jobs and post your resume.
