Novan Surges 71% – Secures Non-Dilutive Financing from Largest Shareholder That Allows It to Advance Studies

Novan (NOVN) soared more than 71% after the company said it secured up to $35 million in non-dilutive capital from Reedy Creek Investments LLC to advance Novan’s late-stage dermatology assets. Of that total, it said $25 million is available immediately and $10 million is contingent upon achieving positive Phase 3 […]