MediciNova Inc

NASDAQ MNOV

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MediciNova Inc Interest Coverage Ratio 1 year YoY Change (%) for the quarter ending December 31, 2023: -21.50%

MediciNova Inc Interest Coverage Ratio 1 year YoY Change (%) is -21.50% for the quarter ending December 31, 2023. The interest coverage ratio is a measure of a company's ability to meet its interest payment obligations on its outstanding debt. It is calculated by dividing the company's earnings before interest and taxes (EBIT) by its interest expense. This ratio indicates the extent to which a company's earnings can cover its interest expenses. A higher interest coverage ratio suggests that the company has a greater capacity to make interest payments, indicating lower financial risk. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.

MediciNova Inc Interest Coverage Ratio for the quarter ending March 31, 2023 was 64.79, a 170.94% change year over year.
MediciNova Inc Interest Coverage Ratio for the quarter ending March 31, 2022 was -91.33.

NASDAQ: MNOV

MediciNova Inc

CEO	Dr. Yuichi Iwaki M.D., Ph.D.
IPO Date	Feb. 8, 2005
Location	United States
Headquarters	4275 Executive Square, La Jolla, CA, United States, 92037
Employees	13
Sector	Healthcare
Industry	Biotechnology

Description

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. It is developing MN-166 (ibudilast), an oral anti-inflammatory and neuroprotective agent for treating neurological and other disorders, such as primary and secondary progressive multiple sclerosis, amyotrophic lateral sclerosis, chemotherapy-induced peripheral neuropathy, degenerative cervical myelopathy, glioblastoma, and substance dependence and addiction, as well as prevention of acute respiratory distress syndrome, and long COVID. The company's product pipeline also includes MN-221 (bedoradrine), a selective beta-2-adrenergic receptor agonist for the treatment of acute exacerbations of asthma; MN-001 (tipelukast), an orally bioavailable small molecule compound to treat fibrotic and other diseases, including nonalcoholic fatty liver disease and idiopathic pulmonary fibrosis; and MN-029 (denibulin), a tubulin binding agent for treating solid tumor cancers. It has license agreements with Kyorin Pharmaceutical Co., Ltd; Angiogene Pharmaceuticals, Ltd.; and Meiji Seika Kaisha, Ltd. The company was incorporated in 2000 and is headquartered in La Jolla, California.

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