MediciNova signs 5-year lease for La Jolla HQ; base rent $14,464/month

MEDICINOVA INC

Lease term of 60 months from Feb 1, 2022 to Jan 31, 2027, for 4,383 sq ft at 4275 Executive Square, La Jolla.
Monthly base rent starts at $14,463.90 (Year 1), escalating to $17,269.02 (Year 5); 3 months' rent abated ($43,391.70 total) from Mar to May 2022.
Security deposit of $47,923.72, with $14,463.90 reductions in Feb 2023 and Feb 2024 if no default.

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