Biotech Values

[jbog]

Bottom line: RVNC is an even more compelling buy now than it was one month ago when I posted the analysis in #msg-144655043.

Earlier this year I decided there was no reason to own Revance because of the time it was going to take to file. I wasn't wrong to sit most of the year out.

I started nibbling about a month ago looking forward to today's announcement. I'm in the green but not by much.

Again I'm back to square one, why own the stock now. It seems they're taking a substantial amount of time to file their FDA paperwork, many other companies would have it filed within three months. While three months falls in their timeline, they are allowing themselves 7 months. Awful long in my view.

The next catalyst has to be whether they partner or not. If they partner I would think they'll have a hard time crawling back to $40, If they don't I can see expenses flying higher.

Best case for the stockholders right now would be for them to be acquired.

We'll see what happens.