Novan Announces Proposed Public Offering of Common Stock and Warrants

Novan, Inc. (“the Company” or “Novan”) (NASDAQ:NOVN) today announced that it intends to offer and sell, subject to market and other conditions, shares of its common stock and accompanying warrants to purchase shares of common stock in an underwritten public offering.

Piper Jaffray & Co. is acting as the sole book-running manager for the offering.