Revance Therapeutics Inc (RVNC)

[edcoolidge]

I think what Mark said was true in that prices are trending down and I've definitely been seeing more practices offering Daxxify at $5-$8/unit recently. As soma2022 has informed us practices can get Daxxify at $2.75/unit if they're doing sufficient volume—which of course any self-respecting practice not run by an unscrupulous CosmeticMD should be. But in typical Foley fashion he may have overstated somewhat how close they are to price parity. Admittedly the majority of practices that advertise Daxxify on social media don't include their price so the sample size is small but it seems to be a fairly good cross-section of practices that do.

For reference the first screenshot below shows a practice with total price parity based on the amount of toxin. You get the exact same amount of toxin for the same price. (2:1 Daxxify to Botox, 3:1 Dysport to Botox unit conversation). Below that are some recent posts showing significantly higher Daxxify unit prices. Some don't show their prices for other toxins but at $15/unit it's hard to imagine Daxxify isn't considerably higher than their other toxins (Botox would have to be $30/unit for parity). Confusingly some practices advertise a flat price for any toxin as seen in the last screenshot. When that includes Dysport the practice is pretty clearly obfuscating the real units to simplify things for the customer (or to cheat them), but many don't include Dysport which makes it less clear without a phone call.