MediciNova reports 100 patient enrollments in the SEANOBI study for ALS treatment with MN-166, marking significant clinical advancement.
Quiver AI Summary
MediciNova, Inc. announced the enrollment of 100 patients across 12 sites in the U.S. for its SEANOBI study, which is evaluating MN-166 (ibudilast) for amyotrophic lateral sclerosis (ALS) as part of an expanded access program funded by a $22 million NIH grant. With a goal of enrolling 200 patients, this program aims to provide treatment access for individuals ineligible for clinical trials while gathering valuable clinical and biomarker data. Dr. Yuichi Iwaki, the company's CEO, highlighted the significance of this milestone for the clinical development of MN-166, which has received Orphan Drug and Fast Track designations from the FDA. Additionally, MN-166 is also being studied in the ongoing COMBAT-ALS trial, with top-line results expected by the end of 2026.
Potential Positives
- MediciNova has successfully enrolled 100 patients in the SEANOBI study, reaching 50% of the target enrollment of 200 patients, which demonstrates strong progress in their clinical development efforts for MN-166 (ibudilast) in ALS.
- The SEANOBI study is funded by a $22 million NINDS grant under the ACT for ALS initiative, indicating significant external financial support for the clinical research.
- Combined data from the SEANOBI study and the COMBAT-ALS study will strengthen discussions with regulators, aiding in the potential approval of MN-166 as a treatment for ALS, which is a critical need for patients.
- MN-166 has received Orphan Drug Designation from the FDA and EMA, as well as Fast Track Designation from the FDA, which may facilitate quicker regulatory review and approval processes.
Potential Negatives
- Only 100 patients have been enrolled out of the planned 200 for the SEANOBI study, indicating potential difficulties in recruitment or interest, which could delay timelines.
- The press release highlights several potential risks and uncertainties related to clinical trials and funding, which can affect future development and operational funding.
- The reliance on external funding (e.g., the $22 million NINDS grant) may pose a risk if additional funding or support is not secured in the future.
FAQ
What is the SEANOBI study about?
The SEANOBI study evaluates MN-166 (ibudilast) in patients with amyotrophic lateral sclerosis (ALS) through an expanded access program.
How many patients have been enrolled in the SEANOBI study?
As of January 2026, 100 patients have been enrolled, which is 50% of the planned 200 enrollment.
What is MN-166 (ibudilast) used for?
MN-166 (ibudilast) is developed for treating neurodegenerative diseases including ALS, multiple sclerosis, and other conditions.
What is the COMBAT-ALS trial?
The COMBAT-ALS trial is a Phase 2b/3 study assessing the efficacy and safety of MN-166 in ALS patients.
What designations has MN-166 (ibudilast) received?
MN-166 has Orphan Drug Designation from the FDA and EMA, and Fast Track Designation from the FDA for ALS treatment.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MNOV Hedge Fund Activity
We have seen 11 institutional investors add shares of $MNOV stock to their portfolio, and 7 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 127,464 shares (-50.9%) from their portfolio in Q3 2025, for an estimated $161,879
- CITADEL ADVISORS LLC added 72,897 shares (+inf%) to their portfolio in Q3 2025, for an estimated $92,579
- BARCLAYS PLC removed 19,385 shares (-17.9%) from their portfolio in Q3 2025, for an estimated $24,618
- RENAISSANCE TECHNOLOGIES LLC added 13,800 shares (+7.7%) to their portfolio in Q3 2025, for an estimated $17,526
- VANGUARD GROUP INC added 5,240 shares (+0.7%) to their portfolio in Q4 2025, for an estimated $6,864
- NORTHERN TRUST CORP removed 4,995 shares (-3.6%) from their portfolio in Q3 2025, for an estimated $6,343
- GEODE CAPITAL MANAGEMENT, LLC added 3,810 shares (+0.7%) to their portfolio in Q3 2025, for an estimated $4,838
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$MNOV Analyst Ratings
Wall Street analysts have issued reports on $MNOV in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- D. Boral Capital issued a "Buy" rating on 10/31/2025
To track analyst ratings and price targets for $MNOV, check out Quiver Quantitative's $MNOV forecast page.
Full Release
LA JOLLA, Calif., Jan. 29, 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 that as of the end of January 2026, 12 sites in the US are activated and 100 patients have been enrolled in the SEANOBI study (Scalable Expanded Access with Analysis of Neurofilament and Other Biomarkers in ALS; NCT 06743776) representing 50% of the planned 200-enrollment, evaluating MN‑166 (ibudilast) in patients with amyotrophic lateral sclerosis (ALS).
Dr. Yuichi Iwaki, President and CEO of MediciNova, commented: “Achieving 100 enrolled patients in the NIH‑funded SEANOBI Expanded‑Access Program marks substantial progress in the clinical development of MN‑166. We are deeply grateful to the patients and families who chose to participate in SEANOBI, as their commitment makes this important program possible. We also sincerely appreciate the continued support from NINDS under the ACT for ALS initiative, which has enabled to expand access to MN‑166 while gathering meaningful clinical and biomarker insights. Together with our COMBAT‑ALS study, SEANOBI brings forward both clinical and real‑world evidence that will support discussions with regulators. We believe these combined data along with having Orphan Drug Designation from FDA and EMA and Fast Track Designation from FDA, will help us advance MN‑166 one step closer to becoming an approved treatment option for people living with ALS, who urgently need more choices.”
The NIH‑funded SEANOBI Expanded‑Access Program (EAP), supported by a $22 million NINDS grant under ACT for ALS, is designed to offer MN-166 (ibudilast) treatment access to individuals living with ALS who are not eligible to participate in ongoing randomized clinical trials. while also generating important biomarker and clinical outcome data from a real‑world ALS population.
MN‑166 (ibudilast) is also being evaluated in the COMBAT‑ALS Phase 2b/3 trial, a randomized, placebo‑controlled study assessing MN‑166’s efficacy and safety in ALS. The study includes a 12‑month double‑blind period followed by a 6‑month open‑label extension, with 234 patients enrolled in the U.S. and Canada. Top‑line results are expected by the end of 2026.
About SEANOBI-ALS
The SEANOBI Expanded‑Access Program (EAP) is a U.S.‑based initiative funded by a $22 million NINDS/NIH grant under ACT for ALS, designed to provide MN‑166 (ibudilast) to individuals living with ALS who are not eligible for ongoing randomized clinical trials. The program aims to enroll approximately 200 patients across 12 active sites and is structured to collect valuable real‑world clinical outcomes and biomarker data, including neurofilament levels.
About COMBAT‑ALS
COMBAT‑ALS is MediciNova’s ongoing Phase 2b/3 randomized, double‑blind, placebo‑controlled clinical trial evaluating the efficacy, safety, and tolerability of MN‑166 (ibudilast) in individuals with amyotrophic lateral sclerosis. A total of 234 patients have been randomized across clinical sites in the United States and Canada. The study includes a 12‑month double‑blind treatment period, followed by a 6‑month open‑label extension. Top‑line results are expected by the end of 2026. COMBAT‑ALS is designed to generate the controlled‑trial evidence necessary to support MN‑166’s potential future approval for the treatment of ALS.
References
https://www.ninds.nih.gov/news-events/directors-messages/all-directors-messages/updates-act-als
About MN-166 (ibudilast)
MN-166 (ibudilast) is an orally available small molecule compound that inhibits phosphodiesterase type-4 (PDE4) and inflammatory cytokines, including macrophage migration inhibitory factor (MIF). It is in late-stage clinical development for the treatment of neurodegenerative diseases such as ALS (amyotrophic lateral sclerosis), progressive MS (multiple sclerosis), and DCM (degenerative cervical myelopathy); and is also in development for glioblastoma, Long COVID, CIPN (chemotherapy-induced peripheral neuropathy), and substance use disorder. In addition, MN-166 (ibudilast) was evaluated in patients that are at risk for developing acute respiratory distress syndrome (ARDS). MediciNova holds Orphan Drug Designation for MN-166 (ibudilast) in ALS by U.S. FDA and EU EMA. MN-166 (ibudilast) has received Fast Track Designation by FDA for treatment of ALS. In addition, MN-166 (ibudilast) holds Orphan Disease Designation for the treatment of Glioblastoma.
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), 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 non-alcoholic fatty liver disease (NAFLD) is ongoing. MediciNova has a strong track record of securing investigator-sponsored clinical trials funded through government grants.
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, 2024 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
[email protected]