MediciNova (MNOV) Rockets 80% On 30 Million Shares

Between April 7 and 13, MediciNova grew from $3.20 to $7.06. That was a quick rise but later flat pattern overtook the stock. Today, NASDAQ: MNOV skyrockets to over $10.00 after the management announced that company partners with BioComo and Mie University Japan to develop the SARS-Cov-2 vaccine which can kill COVID-19.

Several biotech companies are finding partners to create the vaccine against the coronavirus since they are not receiving any financial incentive from governments and health-related organizations. Vaxart and Moderna have managed to get rewards for their works while other North American companies get support from investors and lenders.

The stock is still penny which is yet to grow higher like early COVID-19 vaccine development biotech companies are having expensive stocks. It is not late to jump onto the MNOV bandwagon.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life