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Dermatology-focused Novan nets $41.9mm in Nasdaq IPO

Executive Summary

Dermatology-focused Novan Inc. (nitric oxide (NO) drug delivery) netted $41.9mm in an initial public offering of 4.1mm shares (upsized from the 3.75mm shares it had planned) priced at $11 (the low end of its anticipated $11-13 range).
Deal Industry
  • Biotechnology
    • Large Molecule
  • Pharmaceuticals
    • Drug Delivery
      • Controlled Release
      • Macromolecule
      • Topical Delivery
Deal Status
  • Final
Deal Type
  • Financing
    • IPO

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