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MediciNova plans to acquire Avigen

MediciNova, a biopharmaceutical company, has made a proposal to acquire Avigen, a developer and marketer of small molecule drugs.

The proposal was communicated in a letter from Jeff Himawan, the chairman of MediciNova, to Zola Horovitz, the chairman of Avigen. The letter delivered to Dr Horovitz further refines MediciNova’s expression of interest in acquiring Avigen.