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Published 1 year ago

EPI Health, a Novan Company, Executes a $15.0 Million Financing Agreement - Heritage Commerce (NASDAQ:HTBK), Novan (NASDAQ:NOVN)

Summary by Ground News
Novan completed the acquisition of EPI Health in early 2022. The new $15.0 million factoring facility will provide capital in an amount that is up to 70% of E PI Health's gross eligible receivables. Novan is a medical dermatology company primarily focused on researching, developing, and commercializing innovative therapeutic products for skin diseases.

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BenzingaBenzinga

EPI Health, a Novan Company, Executes a $15.0 Million Financing Agreement - Heritage Commerce (NASDAQ:HTBK), Novan (NASDAQ:NOVN)

– Agreement provides immediate access to cash flow – – EPI Health leveraging accounts receivables from commercial product sales to bolster working capital needs – DURHAM, N.C., Dec. 02, 2022 (GLOBE NEWSWIRE) -- Novan, Inc. ("the Company" or "Novan") (NASDAQ:NOVN), today announced that EPI Health, LLC, a fully consolidated subsidiary of the Company, has signed an accounts receivable-backed factoring agreement, to support its operations, with …

1 year ago·New York, United States
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Globe NewswireGlobe Newswire

EPI Health, a Novan Company, Executes a $15.0 Million Financing Agreement

– Agreement provides immediate access to cash flow – – EPI Health leveraging accounts receivables from commercial product sales to bolster working...

1 year ago
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Market Wire NewsMarket Wire News

EPI Health a Novan Company Executes a $15.0 Million Financing Agreement

– Agreement provides immediate access to cash flow – – EPI Health leveraging accounts receivables from commercial product sales.

1 year ago·United States
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