MediciNova Closes $7.5 Million Private Stock Sale to Kissei Pharmaceutical Co., Ltd.

MediciNova, Inc., a biopharmaceutical company traded on the Nasdaq Global Market MNOV +4.59% and the Jasdaq Market of the Osaka Securities Exchange (4875), announced it has closed the private stock sale to Kissei Pharmaceutical Co., Ltd., a pharmaceutical company traded on the Tokyo Stock Exchange (4547).This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of MediciNova nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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