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Quinnova Pharmaceuticals Situation Quinnova Pharmaceuticals is a private specialty pharmaceuticals company focused on unique dermal delivery of dermatological drugs. Quinnova was recently founded by a successful pharmaceutical executive and a partner with legal and business development experience. At the time Salem was introduced, Quinnova was pre-revenue and developing products to take advantage of the company's three drug delivery platforms.   Salem Partners' Role Salem Partners acted as exclusive placement agent for Quinnova successfully raising $13.6 million of Series A Preferred Stock. Salem Partners introduced management to leading institutions and negotiated deal terms for Quinnova.