NetworkNewsBreaks – Revance Therapeutics, Inc.’s (NASDAQ: RVNC) ‘Buy’ Rating Reiterated at Aegis Capital

Aegis Capital has reiterated its ‘Buy’ rating and price target of $28 on shares of Revance Therapeutics (NASDAQ: RVNC) following release of the company’s fourth quarter and full year results. Revance Therapeutics reported that it had cash and investments of $185.5 million as of December 31, 2016.  The company also said the fourth quarter was highly productive for its lead drug candidate, RT002, with the release of data from its phase 2 study for RT002 and the start of patient enrollment for two additional clinical programs evaluating the drug. Additionally, the company will be presenting clinical data from the BELMONT phase 2 study of RT002 at the 2017 American Academy of Dermatology Annual Meeting at the Orange County Convention Center in Orlando, Florida, March 3-7, 2017.

To view the full press release, visit: http://nnw.fm/7U0mh

About Revance Therapeutics, Inc.

Revance, a Silicon Valley-based biotechnology company, is committed to the advancement of remarkable science. The company is developing a portfolio of products for aesthetic medicine and underserved therapeutic specialties, including dermatology, orthopedics and neurology. Revance’s science is based upon a proprietary peptide technology, which when combined with active drug molecules, may help address current unmet needs. Revance’s initial focus is on developing daxibotulinumtoxinA, the company’s highly purified botulinum toxin, for a broad spectrum of aesthetic and therapeutic indications, including facial wrinkles and muscle movement disorders. 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 the potential to be the first long-acting neuromodulator. The company holds worldwide rights for all indications of RT002 injectable and RT001 topical and the pharmaceutical uses of its proprietary peptide technology platform. More information on Revance may be found at www.revance.com.

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NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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