MediciNova raises $40 million in stock offering

MediciNova raises $40 million in stock offering

MediciNova has raised $40 million in gross proceeds from a stock offering, the San Diego biomedical company said Monday.

The company sold 4,419,890 shares for $9.05 apiece. Offering underwriters have an option to buy up to 662,983 more shares at the offering price. The offering was led by Ladenburg...