STOCK TITAN

MediciNova Announces Completion of Last Patient Last Visit in the MN-001-NATG-202 Clinical Trial of MN-001 (Tipelukast)

(Positive)

MediciNova (NASDAQ:MNOV) completed last patient last visit in its Phase 2 MN-001-NATG-202 trial of MN-001 (tipelukast) for hypertriglyceridemia and NAFLD associated with type 2 diabetes.

The multicenter, randomized, double-blind, placebo-controlled study compares 500 mg/day MN-001 versus placebo over 24 weeks, with top-line data expected in Q3 2026.

Loading...
Loading translation...

Positive

  • Phase 2 MN-001-NATG-202 trial reached last patient last visit milestone
  • Clear timing with top-line Phase 2 data expected in Q3 2026

Negative

  • None.

News Market Reaction – MNOV

-2.92% 3.9x vol
1 alert
-2.92% Session close to close
$65.96M Market Cap
3.9x Rel. Volume

In the May 27 session, MNOV declined 2.92%, reflecting a moderate negative market reaction. Trading volume was very high at 3.9x the daily average, suggesting heavy selling pressure.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement marks last‑patient‑last‑visit for the Phase 2 MN‑001‑NATG‑202 trial in hypertrigly...
Analysis

This announcement marks last‑patient‑last‑visit for the Phase 2 MN‑001‑NATG‑202 trial in hypertriglyceridemia and NAFLD linked to type 2 diabetes, setting up top‑line data for Q3 2026. It builds on prior milestones, including earlier enrollment completion. From a fundamentals standpoint, MediciNova reported Q1 2026 revenue of $186,984, a net loss of $2.6 million, and cash of $27.3 million, which management believes can fund operations through May 2027. Upcoming clinical readouts remain the key catalyst to watch.

Key Figures

MN‑001 dose: 500 mg/day Treatment duration: 24 weeks Q1 2026 revenue: $186,984 +3 more
6 metrics
MN‑001 dose 500 mg/day Dose level in MN‑001‑NATG‑202 Phase 2 trial
Treatment duration 24 weeks Planned treatment period in MN‑001‑NATG‑202
Q1 2026 revenue $186,984 Quarter ended March 31, 2026; up from zero a year earlier
Q1 2026 net loss $2.6 million Quarter ended March 31, 2026
Cash & cash equivalents $27.3 million Balance at March 31, 2026
Cash runway through May 2027 Management’s estimate based on March 31, 2026 resources

Previous Clinical trial Reports

5 past events · Latest: Dec 08 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Dec 08 ALS trial update Positive -3.2% Updated COMBAT‑ALS baseline characteristics and enrollment completion details.
Nov 04 MN‑001 enrollment done Positive -5.3% Completion of enrollment in MN‑001‑NATG‑202 with defined endpoints and timeline.
Sep 22 COMBAT‑ALS enrollment Positive +0.8% Completion of patient enrollment in Phase 2b/3 COMBAT‑ALS trial (MN‑166).
Sep 16 ALS poster notice Positive +0.8% Announcement of COMBAT‑ALS poster presentation at ALS/MND symposium.
Aug 26 ALS enrollment achieved Positive -1.5% Achievement of target enrollment for Phase 2b/3 COMBAT‑ALS trial of MN‑166.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Clinical-trial updates have often been followed by modestly negative or mixed next-day moves, even when the news signaled operational progress.

Recent Company History

Over the past year, MediciNova has repeatedly reported progress across its clinical programs. COMBAT-ALS (MN‑166) achieved target enrollment and later shared baseline characteristics for 234 patients, with top-line data expected by end of 2026. For MN‑001, the company completed enrollment in the MN‑001‑NATG‑202 trial by November 2025, with data originally guided for summer 2026. This LPLV announcement fits the pattern of operational milestones gradually de‑risking trial execution, even as share reactions have been inconsistent.

Key Terms

phase 2, randomized, double-blind, placebo-controlled, +4 more
8 terms
phase 2 medical
"completion of last patient last visit (LPLV) in its Phase 2 clinical trial, MN-001-NATG-202"
Phase 2 is the mid-stage clinical trial where a new drug or treatment is tested in a larger group of patients to see if it works and to keep checking safety after initial human testing. Think of it as a field test that proves whether a product actually delivers its promised benefit. Investors watch Phase 2 closely because its results strongly influence a medicine’s chances of reaching the market, the size of its potential sales, and the company’s valuation.
randomized medical
"a multicenter, randomized, double-blind, placebo-controlled trial evaluating MN-001 (tipelukast)."
Randomized means participants or units in a study are assigned to different groups by chance rather than by choice, like flipping a coin to decide who gets a new treatment and who gets a comparison. For investors, randomized designs matter because they reduce bias and make results more trustworthy, so outcomes from randomized studies carry more weight when assessing regulatory approval, commercial prospects, and the risk that trial results will change a company’s valuation.
double-blind medical
"a multicenter, randomized, double-blind, placebo-controlled trial evaluating MN-001 (tipelukast)."
A double-blind process means that neither the people conducting an activity nor the people involved know certain key details, such as who is receiving a treatment or a placebo. This approach helps prevent bias from influencing the results, making the outcome more trustworthy. For investors, it ensures that decisions or judgments are based on unbiased information rather than preconceived opinions or expectations.
placebo-controlled medical
"a multicenter, randomized, double-blind, placebo-controlled trial evaluating MN-001 (tipelukast)."
"Placebo-controlled" describes a testing method where one group receives the actual treatment or intervention, while another group receives a harmless, inactive version called a placebo. This approach helps determine whether the real treatment has genuine effects beyond psychological expectations. For investors, understanding this ensures confidence that reported benefits are real and not influenced by bias or false perceptions.
hypertriglyceridemia medical
"for the treatment of hypertriglyceridemia and nonalcoholic fatty liver disease (NAFLD)"
An unusually high level of triglycerides — a type of fat carried in the bloodstream — that signals an increased risk of heart disease and related health problems. For investors, it matters because the size of the patient population, effectiveness of treatments, regulatory approvals, and insurance coverage can drive demand, clinical-trial outcomes, and revenue for drugmakers and medical-device companies; think of it like too much oil in an engine increasing the need for maintenance and repairs.
nonalcoholic fatty liver disease (nafld) medical
"hypertriglyceridemia and nonalcoholic fatty liver disease (NAFLD) associated with type 2 diabetes"
Nonalcoholic fatty liver disease (NAFLD) is a condition in which fat builds up in the liver of people who drink little or no alcohol, sometimes causing inflammation and scarring over time. It matters to investors because its high and growing prevalence creates large markets for drugs, diagnostics and medical services—think of the liver as a filter getting clogged, creating steady demand for treatments, tests and care that can drive company revenue and valuation.
controlled attenuation parameter (cap) medical
"change from baseline in liver fat content, as measured by controlled attenuation parameter (CAP) score"
Controlled attenuation parameter (CAP) is a noninvasive test that estimates how much fat is in the liver by measuring how ultrasound waves are absorbed as they pass through tissue, similar to gauging how foggy a window is by how much light it dims. It matters to investors because CAP is widely used in screening, clinical trials and treatment monitoring for fatty liver disease, so its adoption, accuracy and regulatory acceptance can influence demand for diagnostic devices, trial outcomes and the commercial prospects of therapies.
hdl-c medical
"changes in lipid profile (HDL-C, LDL-C, and total cholesterol)."
HDL-C stands for high-density lipoprotein cholesterol, the portion of cholesterol carried by HDL particles often called “good” cholesterol because it helps remove excess cholesterol from arteries. Investors care because population HDL-C levels influence demand for drugs, medical devices, and health services, and can affect healthcare costs, insurer liabilities, and regulatory attention; think of it like a neighborhood cleanup crew whose size affects how safe the streets look to buyers and insurers.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

LA JOLLA, Calif., May 26, 2026 (GLOBE NEWSWIRE) -- MediciNova, Inc., a biopharmaceutical company traded on the NASDAQ Global Market (NASDAQ: MNOV) and the Standard Market of the Tokyo Stock Exchange (Code Number: 4875), today announced the completion of last patient last visit (LPLV) in its Phase 2 clinical trial, MN-001-NATG-202, evaluating MN-001 (tipelukast) for the treatment of hypertriglyceridemia and nonalcoholic fatty liver disease (NAFLD) associated with type 2 diabetes mellitus (T2DM).

The MN-001-NATG-202 study is a multicenter, randomized, double-blind, placebo-controlled trial evaluating MN-001 (tipelukast). Patients were randomized 1:1 to receive either 500 mg/day of MN-001 (tipelukast) or placebo for 24 weeks. The co-primary endpoints are (1) change from baseline in liver fat content, as measured by controlled attenuation parameter (CAP) score, at Week 24, and (2) change from baseline in fasting serum triglycerides at Week 24. Secondary endpoints include safety, tolerability, and changes in lipid profile (HDL-C, LDL-C, and total cholesterol). Top-line data are expected in the third quarter of 2026.

About MN-001

MN-001 (tipelukast) is a novel, orally bioavailable, small-molecule compound thought to exert its effects through several mechanisms to produce anti-inflammatory and antifibrotic activity in preclinical models, including leukotriene (LT) receptor antagonism, inhibition of phosphodiesterase (PDE) (mainly 3 and 4), and inhibition of 5-lipoxygenase (5-LO). The 5-LO/LT pathway has been postulated as a pathogenic factor in fibrosis development, and MN-001's inhibitory effect on 5-LO and the 5-LO/LT pathway is a novel approach to treating fibrosis. MN-001 has been shown to down-regulate expression of genes that promote fibrosis, including LOXL2, Collagen Type 1, and TIMP-1. MN-001 has also been shown to down-regulate expression of genes that promote inflammation, including CCR2 and MCP-1. It also inhibits triglyceride synthesis in hepatocytes by inhibiting arachidonic acid uptake. Recent research suggested that MN-002, the major metabolite of MN-001, significantly enhanced cholesterol efflux in macrophages by upregulating key transport proteins ABCA1 and ABCG1.

About Type 2 Diabetes Mellitus (T2DM), Dyslipidemia, and Nonalcoholic Fatty Liver Disease (NAFLD)

Type 2 diabetes mellitus (T2DM) is a metabolic disorder characterized by insulin resistance, which plays a central role in the development of dyslipidemia, abnormal levels of lipids in the blood. Hypertriglyceridemia (elevated triglycerides) is commonly observed in individuals with T2DM. It results from increased hepatic lipid synthesis and impaired clearance of triglyceride-rich lipoproteins. Hypercholesterolemia, particularly elevated LDL cholesterol and reduced HDL cholesterol, is also frequently seen and contributes to a higher risk of atherosclerosis. Dyslipidemia not only worsens glycemic control but also increases the risk of cardiovascular complications and liver-related conditions such as nonalcoholic fatty liver disease (NAFLD). NAFLD is considered a hepatic complication of insulin resistance and is frequently associated with T2DM and dyslipidemia.

About MediciNova

MediciNova, Inc. is a clinical-stage biopharmaceutical company developing a broad late-stage pipeline of novel small-molecule therapies for inflammatory, fibrotic, and neurodegenerative diseases. Based on two compounds, MN-166 (ibudilast) and MN-001 (tipelukast), each with multiple mechanisms of action and strong safety profiles, MediciNova has 11 programs in clinical development. MediciNova’s lead asset, MN-166 (ibudilast), is currently in Phase 3 for amyotrophic lateral sclerosis (ALS) and degenerative cervical myelopathy (DCM) and is Phase 3-ready for progressive multiple sclerosis (MS). MN-166 (ibudilast) is also being evaluated in Phase 2 trials in Long COVID and substance dependence. MN-001 (tipelukast) was evaluated in a Phase 2 trial in idiopathic pulmonary fibrosis (IPF), and a second Phase 2 trial in nonalcoholic fatty liver disease (NAFLD) is ongoing. MediciNova has a strong track record of securing investigator-sponsored clinical trials funded through government grants.

Forward-Looking Statements

Statements in this press release that are not historical in nature constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the future development and efficacy of MN-166 and MN-001. These forward-looking statements may be preceded by, followed by, or otherwise include the words "believes," "expects," "anticipates," "intends," "estimates," "projects," "can," "could," "may," "will," "would," “considering,” “planning” or similar expressions. These forward-looking statements involve a number of risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause actual results or events to differ materially from those expressed or implied by these forward-looking statements include, but are not limited to, risks of obtaining future partner or grant funding for development of MN-166 and MN-001, and risks of raising sufficient capital when needed to fund MediciNova's operations and contribution to clinical development, risks and uncertainties inherent in clinical trials, including the potential cost, expected timing and risks associated with clinical trials designed to meet FDA guidance and the viability of further development considering these factors, product development and commercialization risks, the uncertainty of whether the results of clinical trials will be predictive of results in later stages of product development, the risk of delays or failure to obtain or maintain regulatory approval, risks associated with the reliance on third parties to sponsor and fund clinical trials, risks regarding intellectual property rights in product candidates and the ability to defend and enforce such intellectual property rights, the risk of failure of the third parties upon whom MediciNova relies to conduct its clinical trials and manufacture its product candidates to perform as expected, the risk of increased cost and delays due to delays in the commencement, enrollment, completion or analysis of clinical trials or significant issues regarding the adequacy of clinical trial designs or the execution of clinical trials, and the timing of expected filings with the regulatory authorities, MediciNova's collaborations with third parties, the availability of funds to complete product development plans and MediciNova's ability to obtain third party funding for programs and raise sufficient capital when needed, and the other risks and uncertainties described in MediciNova's filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2025 and its subsequent periodic reports on Form 10-Q and current reports on Form 8-K. Undue reliance should not be placed on these forward-looking statements, which speak only as of the date hereof. MediciNova disclaims any intent or obligation to revise or update these forward-looking statements.

INVESTOR CONTACT:

David H. Crean, Ph.D.
Chief Business Officer
MediciNova, Inc
info@medicinova.com


FAQ

What did MediciNova (NASDAQ:MNOV) announce about the MN-001-NATG-202 Phase 2 trial?

MediciNova announced completion of last patient last visit in the MN-001-NATG-202 Phase 2 trial. According to MediciNova, this study evaluates MN-001 (tipelukast) in hypertriglyceridemia and nonalcoholic fatty liver disease linked with type 2 diabetes mellitus.

What condition is MediciNova’s MN-001 (tipelukast) targeting in the MNOV Phase 2 trial?

MN-001 (tipelukast) is being evaluated for hypertriglyceridemia and NAFLD associated with type 2 diabetes mellitus. According to MediciNova, the MN-001-NATG-202 trial assesses effects on liver fat content and fasting serum triglycerides over 24 weeks.

What is the design of MediciNova’s MN-001-NATG-202 clinical trial for MNOV stock investors?

The MN-001-NATG-202 trial is multicenter, randomized, double-blind, and placebo-controlled. According to MediciNova, patients are randomized 1:1 to receive 500 mg/day MN-001 (tipelukast) or placebo for 24 weeks, with co-primary liver fat and triglyceride endpoints.

When are top-line results from MediciNova’s MN-001-NATG-202 Phase 2 trial expected?

Top-line data from the MN-001-NATG-202 Phase 2 trial are expected in the third quarter of 2026. According to MediciNova, this timeline follows completion of last patient last visit in the 24-week treatment study.

What are the primary endpoints in MediciNova’s MN-001 (tipelukast) Phase 2 trial MN-001-NATG-202?

The co-primary endpoints are change in liver fat content and fasting serum triglycerides at Week 24. According to MediciNova, liver fat is measured by controlled attenuation parameter (CAP) score, with triglyceride changes assessed from baseline.

What secondary endpoints are being measured in MediciNova’s MN-001 Phase 2 trial for MNOV?

Secondary endpoints include safety, tolerability, and changes in lipid profile parameters. According to MediciNova, the MN-001-NATG-202 trial tracks HDL-C, LDL-C, and total cholesterol changes alongside primary liver fat and triglyceride outcomes.