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Monday, October 28, 2024

Revance sees shares soar after acquisition barrier cleared

 Nashville-based Revance Therapeutics saw a nearly 26 percent jump in its stock value Monday morning following news that the biotech company has settled a distribution-related dispute with one of its customers. 

Swiss company Teoxane claimed that Revance, which focuses on neuromodulators related to aesthetics, breached a 2020 distribution agreement that made it the exclusive commercialization partner of Teoxane's line of dermal fillers.

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