Novan Provides Business Update via 10-Q, Adopts Incentive Plan and Agrees to CEO Contract

MORRISVILLE, N.C., Aug. 08, 2018 (GLOBE NEWSWIRE) — Novan, Inc. (“the Company” or “Novan”) (Nasdaq:NOVN) today provided a comprehensive business update in its Form 10-Q for the second quarter of 2018 and announced that it has implemented the Tangible Stockholder Return Plan (the “Performance Plan”). The Performance Plan is a performance-based incentive compensation plan designed to directly align the long-term interests of Novan’s employees, including executive officers, with the interests of Novan’s stockholders.