Novan Announces Robert A. Ingram as Chairman

Board Changes Follow Closing of $32.8 Million in Private Financing in December 2015

Novan, Inc. today announced that Director Robert A. Ingram has been named Chairman of the Board of Directors of Novan. In addition, Robert Keegan has been appointed to the Board of Directors.

The Company also announced that it received a total of $32.8 million of net proceeds in a private Mezzanine B financing in December 2015 from its private investor network originating throughout the Research Triangle area of North Carolina.