Investigation Overview
An investigation on behalf of investors of MediciNova, Inc. (NASDAQ: MNOV)) shares over potential securities laws violations by MediciNova, Inc and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of MediciNova, Inc. (NASDAQ: MNOV) concerning whether a series of statements by MediciNova, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
La Jolla, CA based MediciNova, Inc., a biopharmaceutical company, focuses on developing novel and small molecule therapeutics for the treatment of serious diseases with unmet medical needs in the United States. Shares of MediciNova, Inc. (NASDAQ: MNOV) declined from as high as $13.00 per share on May 16, 2019 to as low as $10.29 per share on May 20, 2019.