Evolus Joins Nasdaq Biotechnology Index

Rhea-AI Summary

Evolus, Inc. (NASDAQ: EOLS) has been added to the Nasdaq Biotechnology Index (NBI) as part of its annual reconstitution. This inclusion is expected to enhance Evolus' visibility and shareholder base. CFO Lauren Silvernail indicated that robust sales and market share gains position the company for a strong finish in 2021 and growth in 2022. Evolus focuses on innovative aesthetic products, particularly Jeuveau®, a neurotoxin exclusively for aesthetics, approved in 2019 by the FDA.

Positive

• Inclusion in Nasdaq Biotechnology Index may enhance visibility and attract more investors.
• Strong sales and market share gains reported, indicating positive business performance.

Negative

• Potential risks related to compliance with settlement agreements could impact future performance.
• Uncertainties regarding market adoption of Jeuveau® and competition may hinder growth.

• Company Anticipates Strong Finish to 2021

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Evolus, Inc. (NASDAQ: EOLS), a performance beauty company with a customer-centric approach focused on delivering breakthrough products, today announced that its common stock has been selected for inclusion in the Nasdaq Biotechnology Index (Nasdaq: NBI), effective today. Evolus was added as part of Nasdaq’s annual reconstitution of the NBI. The Index is designed to track the performance of a set of securities listed on The Nasdaq Stock Market that are classified as either biotechnology or pharmaceutical according to the Industry Classification Benchmark (ICB).

“We are pleased to be added to the NBI, which should enable us to expand our shareholder base and continue to help elevate our capital markets profile,” said Lauren Silvernail, Chief Financial Officer and Executive Vice President, Corporate Development. “We expect our year-to-date reported results, highlighted by robust sales and market share gains, to position Evolus for a strong finish to 2021 and provide a solid base for continued growth in 2022.”

About Evolus, Inc.

Evolus is a performance beauty company with a customer-centric approach focused on delivering breakthrough products. Approved in 2019 by the U.S. Food and Drug Administration, Jeuveau^® (prabotulinumtoxinA-xvfs) is the first and only neurotoxin dedicated exclusively to aesthetics and manufactured in a state-of-the-art facility using Hi-Pure™ technology. Jeuveau^® is powered by Evolus’ unique technology platform and is designed to transform the aesthetic market by eliminating the friction points existing for customers today. Visit us at www.evolus.com.

Forward-Looking Statements

This press release contains forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements that relate to the status of regulatory processes, future plans, events, prospects or performance and statements containing the words “plans,” “expects,” “believes,” “strategy,” “opportunity,” “anticipates,” “outlook,” “designed,” or other forms of these words or similar expressions, although not all forward-looking statements contain these identifying words. The company’s forward-looking statements include, but are not limited to, statements made by Mrs. Silvernail related to expansion of the Company’s shareholder base and anticipated financial results for 2021. Forward-looking statements are based on current estimates and assumptions made by management of the company and are believed to be reasonable, though they are inherently uncertain and difficult to predict.

Forward-looking statements involve risks and uncertainties that could cause actual results or experiences to differ materially from those expressed or implied by the forward-looking statements. Factors that could cause actual results or experience to differ materially from that expressed or implied by the forward-looking statements include uncertainties associated with our ability to address all of our losses, costs, expenses, liabilities and damages resulting from the settlement agreement with Daewoong and our ability to comply with the terms and conditions in the Allergan/Medytox Settlement Agreements, the continued impact of COVID-19 on our business and the economy generally, uncertainties related to customer and consumer adoption of Jeuveau®, the efficiency and operability of our digital platform, competition and market dynamics, and our ability to maintain regulatory approval of Jeuveau^® and other risks described in the section entitled “Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, that was filed with the Securities and Exchange Commission on November 2, 2021. These filings can be accessed online at www.sec.gov. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, Evolus undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances or unanticipated events. If the company does update or revise one or more of these statements, investors and others should not conclude that the company will make additional updates or corrections.

Jeuveau^® is a registered trademark of Evolus, Inc.

Hi-Pure^™ is a trademark of Daewoong Pharmaceutical Co, Ltd.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211220005262/en/

Investor/Media Contact:

David K. Erickson, Evolus, Inc.

Vice President, Investor Relations

Tel: 949-966-1798

Email: david.erickson@evolus.com

Source: Evolus

FAQ

What does the inclusion of Evolus (EOLS) in the Nasdaq Biotechnology Index mean?

Evolus' inclusion in the Nasdaq Biotechnology Index enhances its visibility and may attract more investors.

What are the recent sales trends for Evolus (EOLS)?

Evolus has reported strong sales and market share gains, positioning the company positively for future growth.

Are there any risks associated with Evolus (EOLS)?

Evolus faces risks related to compliance with settlement agreements and competition in the market.

How did the CFO of Evolus (EOLS) describe the company's outlook for 2021?

The CFO highlighted robust sales and market share gains, anticipating a strong finish to 2021.