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Novan, Inc.

Founded 2008 United States Morrisville, United States 45 employees Post-IPO Debt Total: $246.44M Biotechnology, Health Care

General Information

Company Name Novan, Inc.
Founded Year 2008
Location United States Morrisville, United States
Founders / Decision Makers
Team member Team member
Employees 45
Industries Biotechnology, Health Care
Funding Stage Post-IPO Debt
Social

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About Novan, Inc.

Novan, Inc. is a medical dermatology company founded in 2008, with a primary focus on researching, developing, and commercializing innovative therapeutic products for skin diseases. The company's goal is to deliver safe and efficacious therapies to patients, addressing unmet medical needs. Novan is currently developing SB206 (berdazimer gel, 10.3%) as a topical prescription gel for the treatment of viral skin infections, specifically molluscum contagiosum.

In a significant move, Novan recently completed the acquisition of EPI Health, enhancing its commercial infrastructure across sales, marketing, and communications, and expanding its market access and pharmacy relations capabilities. Following this acquisition, the company employs approximately 100 staff, including sales personnel covering 42 territories, and promotes products for plaque psoriasis, rosacea, acne, and dermatoses. Additionally, Novan has a pipeline of potential product candidates utilizing its proprietary nitric oxide-based technology platform, NITRICIL™, aiming to develop new treatments for multiple indications.

The company operates within the Biotechnology and Health Care industries and is headquartered in the United States. Its last investment was a $15.00M Post-IPO Debt investment on 17 July 2023, provided by Ligand Pharmaceuticals.

Business keywords: medical dermatology, therapeutic products, skin diseases, SB206, viral skin infections, molluscum contagiosum, acquisition, EPI Health, commercial infrastructure, nitric oxide-based technology, NITRICIL, product candidates, market access, pharmacy relations, dermatological treatments

Funding Rounds & Investors (14)

View All
Funding Stage Amount Investors Lead Investors Date
Post IPO Debt $15.00M 1
Ligand Pharmaceuticals
17 Jul 2023
Post IPO Equity $6.00M -
14 Mar 2023
Post IPO Equity $15.00M -
09 Jun 2022
Post IPO Equity $40.00M -
21 Jun 2021
Grant $1.10M 1
U.S. Department of Defense
20 Sep 2019
Post IPO Equity $25.00M 1
Aspire Capital Partners, LLC
06 Sep 2019
Post IPO Equity $35.00M -
30 Apr 2019
Venture Round $32.84M -
30 Dec 2015
Private Equity Round $50.00M 1
Malin Corporation
30 Mar 2015
Debt Financing $3.50M -
10 Mar 2014

View All 14 Funding Rounds

Novan, Inc. Alternatives & Competitors

Novan, Inc. vs
Revance
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669 employees
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Novan, Inc. vs

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FAQ About Novan, Inc.

Novan, Inc. is a medical dermatology company primarily focused on researching, developing and commercializing innovative therapeutic products for skin diseases. Our goal is to deliver safe and efficacious therapies to patients, including developing product candidates where there are unmet medical ne...
Novan, Inc. was founded in 2008.
Novan, Inc. is headquartered in Morrisville, United States.
Novan, Inc. operates in Biotechnology and Health Care. Its work centres on medical dermatology, therapeutic products, skin diseases and SB206.
Novan, Inc. has approximately 45 employees.
Novan, Inc. has completed 14 funding rounds, raising a total of $246.44M. The latest funding stage is Post-IPO Debt.
Top alternatives and competitors to Novan, Inc. include Revance, Hoba Therapeutics. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Novan, Inc. and Revance are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Novan, Inc., https://bouncewatch.com/company/novan-inc, updated 20 December 2024. When citing, please name BounceWatch and link this page.

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