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Friday, September 14, 2018

Revance hit on Allergan takeout of Bonti


Revance Therapeutics (RVNC -5.6%) is down on light volume in early trade on the heels of Allergan’s announced acquisition of Bonti, a developer of fast-acting neurotoxin treatments, including a Phase 2 candidate for frown lines.
Revance plans to file a U.S. application for frown line treatment daxibotulinumtoxinA in H1 2019.
Evolus (EOLS -0.9%) has recently sold off as well.
Previously: Allergan to acquire Bonti for $195M (Sept. 14)
Previously: Evolus continues slide, down 3% (Sept. 13)

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