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$20m wheeze gives MediciNova breathing room for FDA and partnering

This article was originally published in Scrip

Executive Summary

MediciNova entered into a common stock purchase agreement with Aspire Capital Fund that gives it access to $20 million over the next two years as the San Diego-based biopharma company prepares to tell the US FDA at a 22 October end-of-Phase II meeting why its acute asthma drug MN-221 (bedoradrine) should be tested in a Phase III clinical trial.

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