Piper Jaffray Cos. Initiates Coverage on Novan Inc (NOVN)
Shares of Novan (NASDAQ:NOVN) opened at 18.97 on Monday. The stock has a 50 day moving average price of $19.79 and a 200-day moving average price of $19.79. The company’s market cap is $46.42 million. Novan has a 1-year low of $13.77 and a 1-year high of $23.79.
In other news, major shareholder Life Sciences Holdings L. Malin purchased 800,000 shares of the business’s stock in a transaction on Monday, September 26th. The stock was purchased at an average price of $11.00 per share, with a total value of $8,800,000.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Novan Company Profile
Novan, Inc is a late-stage pharmaceutical company. The Company is engaged in the development and commercialization of therapies using its nitric oxide platform. The Company develops product candidates using its Nitricil technology, which enables the Company to engineer tunable new chemical entities (NCEs).
Receive News & Stock Ratings for Novan Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Novan Inc and related stocks with our FREE daily email newsletter.