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Executive summary:

  • MediciNova has an important proof-of-concept catalyst on the horizon for its lead compound, MN-166, or Ibudilast as a treatment for opioid dependency.
  • Ibudilast has already been shown to have effect in the treatment of methamphetamine addiction exacting $23B annually from the U.S. economy relative to crime, lost work productivity and healthcare.
  • Already having received "fast-track" status in this indication, MediciNova is now in consultation with the FDA to advance this molecule as quickly as possible into commercialization.
  • MediciNova also recently received a milestone payment equaling eight months of operating capital for its contribution to Genzyme's gene therapy treatment in Parkinson's disease which should relieve downward pressure on the stock.

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