trending Market Intelligence /marketintelligence/en/news-insights/trending/rCToSerjJ6rdi8-YjteR_w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Botox copycat developer Revance plans $100M common stock offering

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Botox copycat developer Revance plans $100M common stock offering

Revance Therapeutics Inc., the Newark, Calif.-based biotechnology company developing a product that would compete with Allergan PLC's Botox, is looking to raise $100 million.

Botox is by far the most recognized and sought-after aesthetic injectable in the U.S. and around the world, helping rake in $3.17 billion in revenues for Allergan during 2017.

Revance Therapeutics is developing a version of the drug that has shown a longer duration than Botox. Duration is an important factor in the injectable aesthetics space as it allows patients the desired result with fewer treatments.

The funds will help advance the development of Revance's product while helping the company meet its working capital and general administrative cost requirements.

Goldman Sachs & Co. LLC, Cowen and Piper Jaffray are acting as book-running managers for the proposed offering.