Full Press Release Details
Revance Investor Day Highlights New Neuroscience Indications in Development
- Lead product for treatment of glabellar lines on track to report SAKURA Phase 3 open-label safety results in second half of 2018 -
- Initiating Phase 3 pivotal trial for cervical dystonia in current quarter -
- Company to add RT002 clinical programs in adult upper limb spasticity and chronic migraine -
NEWARK, Calif., April 19, 2018 - Revance Therapeutics, Inc. (NASDAQ:RVNC), a biotechnology company developing neuromodulators for use in treating
aesthetic and therapeutic conditions, is holding its first Investor Day in New York City today. Executive management intends to provide company updates on the science underlying its technology platform, its long duration product candidate
DaxibotulinumtoxinA for Injection (RT002) and key elements of its Product Launch Velocity Plan.
Our vision is to be the leader in neuromodulators
in any form, said Dan Browne, President and Chief Executive Officer at Revance. We believe we have the science, analytic capabilities, clinical data, production capacity and commercial approach needed to enter the market from a place of
strength. Our clinical trials indicate that RT002 is a differentiated neuromodulator, appears to be generally safe and well-tolerated and has shown high response rates and long duration of effect. Upon approval by the FDA, we first plan to launch
our long-acting product, RT002, in the aesthetics market to treat frown lines, while pursuing additional therapeutic clinical programs focused on neuroscience. Our Product Launch Velocity Plan for RT002 will rely heavily on a personalized, targeted
approach to generate consumer demand for the first next-generation neuromodulator in 30 years.
Key Company Updates and Announcements
Research & Development:
Clinical, Regulatory and Launch Milestones:
Market and Commercialization:
Interested parties can view the slide presentation and access the webcast for the Investor Day within the Investor
Relations section of the company s website at http://investors.revance.com/index.cfm. The webcast replay will be available today, April 19,
after 7:00 pm ET and will remain on the website for approximately 30 days.
About Revance Therapeutics, Inc.
Revance Therapeutics is a biotechnology company developing neuromodulators for use in treating aesthetic and underserved therapeutic conditions, including
muscle movement disorders and pain. The company s lead drug candidate, DaxibotulinumtoxinA for Injection (RT002), is currently in development for the treatment of glabellar lines, cervical dystonia and plantar fasciitis, with plans to initiate
studies in upper limb spasticity and chronic migraine. RT002 has the potential to be the first long-acting neuromodulator. Revance has developed a proprietary, stabilizing excipient peptide technology designed to create novel, differentiated
therapies. The company has a comprehensive pipeline based upon its peptide technology, including injectable and topical formulations of daxibotulinumtoxinA. More information on Revance may be found at www.revance.com.
Revance Therapeutics and the Revance logo are registered trademarks of Revance Therapeutics, Inc.
BOTOX is a registered trademark of Allergan, Inc.
Forward-Looking Statements; Market Data
release contains forward-looking statements, including statements related to Revance Therapeutics long-term financial outlook and other financial performance, the process and timing of, and ability to complete, current and anticipated future
clinical development of our investigational drug product candidates, including but not limited to initiation and design of clinical studies for current and future indications, related results and reporting of such results; statements about our
business strategy, timeline and other goals and market for our anticipated products, plans and prospects; and statements about our ability to obtain regulatory approval; and potential benefits of our drug product candidates and our technologies.
Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from our expectations.
These risks and uncertainties include, but are not limited to: the outcome, cost, and timing of our product development activities and clinical trials; the uncertain clinical development process, including the risk that clinical trials may
not have an effective design or generate positive results; our ability to obtain and maintain regulatory approval of our drug product candidates; our ability to obtain funding for our operations;
our plans to research, develop, and commercialize our drug product candidates; our ability to achieve market acceptance of our drug product candidates; unanticipated costs or delays in research, development, and commercialization efforts; the
applicability of clinical study results to actual outcomes; the size and growth potential of the markets for our drug product candidates; our ability to successfully commercialize our drug product candidates and the timing of commercialization
activities; the rate and degree of market acceptance of our drug product candidates; our ability to develop sales and marketing capabilities; the accuracy of our estimates regarding expenses, future revenues, capital requirements and needs for
financing; our ability to continue obtaining and maintaining intellectual property protection for our drug product candidates; and other risks. Detailed information regarding factors that may cause actual results to differ materially from the
results expressed or implied by statements in this press release may be found in Revance s periodic filings with the Securities and Exchange Commission (the SEC ), including factors described in the section entitled
Risk Factors of our annual report on Form 10-K filed March 2, 2018. These forward-looking statements speak only as of the date hereof. Revance disclaims any obligation to update these
forward-looking statements.
This press release also includes information about the global neuromodulator market, including growth and trends, that
is based on various publicly available sources and on a number of assumptions and limitations. Such market data has been obtained from sources believed to be reliable, but Revance has not independently verified such information and assumes no
responsibility for the accuracy of such information. In addition, projections, assumptions and estimates of the future performance of the global neuromodulator market are necessarily subject to a high degree of uncertainty and risk due to a variety
of factors, including those described above and in the Risk Factors section of our Form 10-K filed with SEC on March 2, 2018. The market data in this press release speaks only as of the date
hereof or the date specified. Revance disclaims any obligation to update or correct such market data.
Revance Therapeutics, Inc.:
Burns McClellan, Inc.: