MediciNova price target lowered to $5 from $6 at B. Riley
B. Riley lowered the firm's price target on MediciNova (MNOV) to $5 from $6 and keeps a Buy rating on the shares. The firm points out the company's current cash on hand of $37M implies a runway into 2027. It updated MediciNova's model, now exclusively focused on amyotrophic lateral sclerosis-related risk-adjusted revenue and spending.
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