$NOVN what a tragic end of the @Novan_Biotech story! As an investor, lost my lifetime savings.I've taken this experience as a reminder of the importance of self due diligence, diversification and risk management.
Never trust & follow someone @InCausaPro you don’t know!
@Jeff84604803@chiones_d That will be unfortunate and then investigations should start on involved private equity, analysts and parties involved in the background for this outcome.
@chiones_d $NOVN less than $14M market cap now and more selling going on. With $25+ M intangible assets on balance sheet, possibility of term loans and NDA in process.Why it’s getting hammered?
$NOVN Mr.James L. Bierman, BOD https://t.co/MIKLr97NXH. Bierman’s decision was based on a decision to pursue other commercial opportunities & not based on any disagreement regarding its operations, policies or practices of @Novan_Biotech
https://t.co/TmAWL4ys8l
$NOVN A fatal mistake, as will become clear in the future. Novan's product pipeline is now home to an intrinsic value in the billions. SB206 and SB204 alone have the potential to fill a multi-billion dollar market sector, with SB206, a niche market.
$NOVN
-Novan has a product pipeline with product candidates in phase 2 studies and one product candidate in phase 3 studies.
-Novan got sales force through the acquisition of Epi Health and is generating revenue through the sale of already acquired, approved products.
$NOVN facts
A company that filed an NDA to treat a disease that does not yet have an FDA approved drug and has a global market value of around $2B to $2.5B will have a market cap of Traded $20M? And that's just part of the intrinsic value of Novan Inc.
$NOVN facts
The NITRICIL platform technology offers a wide range of potential applications. Epi Health with its concluded agreements and its product range is at this time worth more than Novan Inc's current market capital.