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Revance Therapeutics, Inc. - RVNC STOCK NEWS

Welcome to our dedicated page for Revance Therapeutics news (Ticker: RVNC), a resource for investors and traders seeking the latest updates and insights on Revance Therapeutics stock.

Revance Therapeutics, Inc. (symbol: RVNC) is a specialty biopharmaceutical company dedicated to the development, manufacturing, and commercialization of innovative botulinum toxin products for various aesthetic and therapeutic uses. Leveraging its proprietary portfolio of botulinum toxin compounds and the patented TransMTS® peptide delivery system, Revance aims to address unmet needs in the $3 billion neurotoxin market.

The company’s unique TransMTS technology allows for the delivery of botulinum toxin A in two distinctive formulations: a needle-free topical form and an injectable form that targets the site of injection for a potentially longer-lasting effect. Revance is actively pursuing clinical development for two main product candidates: Topical RT001 and Injectable RT002. RT001 is a topical gel with the potential to become the first commercially available non-injectable botulinum toxin dose form.

Additionally, Revance has launched a prestige aesthetics portfolio, which includes the RHA Collection of dermal fillers and the HintMD platform. Their primary products, DaxibotulinumtoxinA for Injection and DaxibotulinumtoxinA for Injection Aesthetics, are central to their aesthetic and therapeutic offerings.

Revance operates through two main business segments: Product and Service. The Products segment, which generates the majority of the company’s revenue, focuses on the research and development of aesthetic and therapeutic products. Recent achievements and ongoing developments reflect the company’s commitment to advancing the field of neuromodulation.

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Revance Therapeutics (RVNC) reported significant revenue growth in Q4 2021, achieving $26.0 million, up from $11.1 million in Q4 2020, driven by strong sales of the RHA® Collection of dermal fillers. Full-year revenue reached $77.8 million. The company completed critical drug substance manufacturing for the FDA's BLA resubmission of DaxibotulinumtoxinA for Injection. Cash reserves totaled $225.1 million. However, the net loss for 2021 was substantial at $281.3 million. The company anticipates 2022 operating expenses between $375 million to $400 million, maintaining an optimistic outlook for growth and product approvals.

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Revance Therapeutics will release its Q4 and full year 2021 financial results on February 28, 2022 after market close. A conference call and live webcast will occur at 4:30 p.m. ET to discuss results and provide a business update. Revance is focused on innovative aesthetic and therapeutic products with a strong pipeline, including DaxibotulinumtoxinA, currently seeking U.S. regulatory approval for glabellar lines and cervical dystonia. They also hold exclusive U.S. rights to the RHA® Collection of dermal fillers.

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Revance Therapeutics (NASDAQ: RVNC) announced that it received Type A meeting minutes from the FDA concerning the Complete Response Letter (CRL) for DaxibotulinumtoxinA for Injection. A requalification of the new working cell bank (WCB) is required, which involves producing three drug substance lots and one drug product lot. The FDA mandates a reinspection of Revance’s facility once the resubmission is accepted, which could take up to 6 months. The CEO expressed confidence in a clear path for BLA resubmission.

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Revance Therapeutics (RVNC) reported preliminary Q4 2021 RHA® Collection revenue between $23.0 million and $24.0 million, bringing full-year revenue to approximately $70.0 million to $71.0 million. Cash, cash equivalents, and short-term investments stood at about $225 million as of December 31. The company expects its operating expenses for the year to be at the lower end or below earlier guidance of $375 million to $390 million. Revance held a Type A meeting with the FDA regarding DaxibotulinumtoxinA for Injection.

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Revance Therapeutics (NASDAQ: RVNC) presented new data on DaxibotulinumtoxinA for Injection at the ASDS Virtual Annual Meeting from November 19-21, 2021. Highlights include findings from the SAKURA Phase 3 trials, which assessed immunogenicity and treatment for glabellar lines. An innovative injection technique for midface volumization using hyaluronic acid fillers was also discussed. The presentations underscore Revance's commitment to setting new standards in facial aesthetics and its robust growth pipeline.

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Revance Therapeutics (NASDAQ: RVNC) announces CEO Mark Foley and CFO Tobin Schilke will participate in a fireside chat at the Piper Sandler 33rd Annual Virtual Healthcare Conference. This event will stream online starting November 22 in the investor relations section of Revance’s website. The conference runs from November 30 to December 2, 2021. Revance focuses on innovative aesthetic and therapeutic solutions, including DaxibotulinumtoxinA for Injection, which is seeking U.S. regulatory approval after completing Phase 3 trials.

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Revance Therapeutics, Inc. (Nasdaq: RVNC) will participate in the Stifel 2021 Virtual Healthcare Conference from November 15-17. CEO Mark Foley is set to present on November 17 at 8:20 a.m. CT. Interested parties can access the live audio webcast via the company's Investor Relations page. Revance specializes in innovative aesthetic and therapeutic products, including its neuromodulator DaxibotulinumtoxinA for Injection, which has completed Phase 3 trials for glabellar lines and is pursuing U.S. regulatory approval.

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Revance Therapeutics (RVNC) reported Q3 2021 revenue of $19.7 million, a substantial increase from $3.8 million in Q3 2020, primarily driven by the RHA® Collection of dermal fillers, which generated $18.3 million this quarter. The net loss decreased to $74.4 million from $81.3 million year-over-year. The company plans to request a Type A meeting with the FDA to address deficiencies in its BLA for DaxibotulinumtoxinA for Injection for glabellar lines. Additionally, positive results from the ASPEN-OLS Phase 3 study for cervical dystonia were announced, showing the product's long-term safety and effectiveness.

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Revance Therapeutics, Inc. (NASDAQ: RVNC) will announce its third quarter 2021 financial results on November 9, 2021, after market close. A conference call and live webcast will occur at 1:30 p.m. PT / 4:30 p.m. ET to discuss the results and offer a business and pipeline update. Revance focuses on innovative aesthetic and therapeutic products, including the next-generation neuromodulator DaxibotulinumtoxinA for Injection, aiming for U.S. regulatory approval. The company also partners with Viatris to develop a biosimilar to BOTOX®.

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Revance Therapeutics (NASDAQ: RVNC) announced a Complete Response Letter (CRL) from the FDA regarding its Biologics License Application (BLA) for DaxibotulinumtoxinA for Injection, intended for treating moderate to severe glabellar lines. Received on October 15, the CRL indicates deficiencies found during the FDA's inspection of Revance's manufacturing facility. Revance plans to request a Type A meeting with the FDA to address these issues. CEO Mark Foley expressed disappointment at this unexpected response but reiterated the company's commitment to launching their neuromodulator product.

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FAQ

What is the current stock price of Revance Therapeutics (RVNC)?

The current stock price of Revance Therapeutics (RVNC) is $3.73 as of November 22, 2024.

What is the market cap of Revance Therapeutics (RVNC)?

The market cap of Revance Therapeutics (RVNC) is approximately 400.2M.

What does Revance Therapeutics, Inc. specialize in?

Revance Therapeutics, Inc. specializes in developing, manufacturing, and commercializing novel botulinum toxin products for aesthetic and therapeutic uses.

What is the TransMTS® peptide delivery system?

The TransMTS® peptide delivery system is Revance's patented technology for delivering botulinum toxin A in both needle-free topical and injectable forms.

What are the main products of Revance Therapeutics?

The main products are DaxibotulinumtoxinA for Injection, DaxibotulinumtoxinA for Injection Aesthetics, the RHA Collection of dermal fillers, and the HintMD platform.

What is RT001?

RT001 is a topical gel in development by Revance, which could become the first commercially available non-injectable botulinum toxin dose form.

What are the business segments of Revance Therapeutics?

Revance operates through Product and Service segments, with the Products segment generating the majority of the revenue.

How does Revance's TransMTS technology benefit its products?

TransMTS technology allows for targeted and potentially longer-lasting delivery of botulinum toxin, addressing unmet needs in the neurotoxin market.

What is the significance of DaxibotulinumtoxinA?

DaxibotulinumtoxinA is a key product for both aesthetic and therapeutic uses, reflecting Revance's innovation in neuromodulation.

What is the RHA Collection?

The RHA Collection is a line of dermal fillers included in Revance's prestige aesthetics portfolio.

What is the HintMD platform?

HintMD is a platform included in Revance's aesthetics portfolio, enhancing their offerings in the aesthetic market.

How does Revance's Product segment contribute to its revenue?

The Product segment focuses on research and development of aesthetic and therapeutic products, generating the majority of Revance's revenue.

Revance Therapeutics, Inc.

Nasdaq:RVNC

RVNC Rankings

RVNC Stock Data

400.20M
95.97M
8.52%
81.77%
9.54%
Biotechnology
Pharmaceutical Preparations
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United States of America
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