Revance Therapeutics Inc. is riding high after announcing its RT002 (daxibotulinumtoxinA) provided long-lasting wrinkle-reducing effects for up to six months in two Phase III trials, potentially besting Botox (onabotulinumtoxinA), but Allergan PLC threw doubt on such claims and stood by the longevity and market share of its blockbuster product.
The biotech's stock rose 33.7% to close at $34.75 per share on the data unveiled Dec. 5.