HomeFinancial MarketsPenny StocksRevance Therapeutics, Inc. (RVNC) stock experienced sudden downfall – Reasons behind it!

Revance Therapeutics, Inc. (RVNC) stock experienced sudden downfall – Reasons behind it!

Revance Therapeutics, Inc. (RVNC) has experienced a decline of 33.07% in the aftermarket because the company provided a Regulatory Update on DaxibotulinumtoxinA. However, the last trading session concluded at $22.71 with an increase of 0.66%.

Regulatory Update on DaxibotulinumtoxinA for Injection for the Treatment of Moderate to Severe Glabellar (Frown) Lines

On 15th October 2021, RVNC announced that FDA has granted a Complete Response Letter for DaxibotulinumtoxinA for Injection, for the treatment of mild to moderate glabellar (frown) lines. The FDA has concluded that it is unable to accept the BLA in its current form. Hence it has been stated that there are issues relating to the FDA’s onsite inspection at Revance’s manufacturing plant.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


RVNC intends to request an FDA Type A meeting as soon as feasible to address the issues presented. FDA’s unexpected reaction has disappointed RVNC and therefore the company is requesting further information from the agency. However, the firm is dedicated to bringing its next-generation neuromodulator to market for both aesthetic and therapeutic purposes.

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS: RVNC Investigation

RVNC announced on 15th October that it intends to compete in the Botulinum Toxin (BOTOX) industry, which is currently controlled by Allegan. The business claims that its primary product candidate, DAXI is the first long-lasting botulinum toxin. Moreover, it is pursuing FDA clearance for its usage in brow frown lines. RVNC’s claims on the FDA’s pre-approval inspection of the company’s DAXI manufacturing plant in Northern California, as well as the timeliness and likelihood of FDA approval, are the subject of the inquiry. However, RVNC management felt pleased that the FDA was carrying out the scheduled examination and that their commercialization preparations were moving well.

Launch of OPUL

On 11th October 2021, RVNC announced the introduction of OPULTM, the first-of-its-kind Relational Commerce Platform for aesthetic practices in the United States. It combines seamless, easy, and smart payment options, practice data analytics, and better customer care. This will help encourage higher client loyalty and retention. It helps to improve patient experiences and business outcomes by cultivating strong client loyalty and connections. Moreover, OPUL is the first technology platform in the aesthetics industry to revolutionize the physician and customer experience. This launch shows RVNC’s dedication to creating new benchmarks through our products and services.

RVNC announced Data from Phase 3 ASPEN-1 Clinical Trial

RVNC announced data from Phase 3 ASPEN-1 Clinical Trial Evaluating Efficacy, Duration of Effect, and Safety of DaxibotulinumtoxinA on 16th September 2021. The sustained period of effect will encourage the safety profile of DaxibotulinumtoxinA by injection for the treatment of cervical dystonia. However, the company is excited to submit a Supplemental Biologics License Application. This might assist patients with this severe illness to get long-term symptom alleviation.

 

 

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Videos

Must Read

Related News

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam