Policy & Regulation
Revance Eyes USD 100m from Common Stock Offering
17 January 2019 - - US-based biotechnology company Revance Therapeutics, Inc. (NASDAQ: RVNC) has proposed underwritten public offering in which it will issue and sell approximately USD 100m of shares of its common stock, the company said.

Revance expects that the underwriters will be granted a 30-day option to purchase from the company up to an additional 15% of the shares of its common stock.

The company intends to use the net proceeds received from its offering of common stock for working capital and general corporate purposes, including clinical trial and related expenses, research and development expenses, general and administrative expenses, and capital investments.

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

Revance is a clinical-stage biotechnology company focused on the development, manufacturing, and commercialization of novel neuromodulators for multiple aesthetic and therapeutic indications.

The company is leveraging its proprietary portfolio of botulinum toxin type A compounds, formulated with its patented and proprietary peptide excipient technology, to address unmet needs in large and growing neuromodulator markets.
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