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Novan Inc (NOVN) has shared an update.
NVN Liquidation, Inc., formerly known as Novan, Inc., and its subsidiary EPI Health have entered Chapter 11 bankruptcy, with a liquidation plan confirmed by the Delaware Bankruptcy Court. Investors are advised to exercise caution and not to rely on the Monthly Operating Reports for investment decisions, as these reports, which were not audited and don’t adhere to standard accounting principles, are specifically prepared to meet the court’s requirements and may not reflect the company’s ongoing financial status or potential future results.
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