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Bickema

12/06/17 7:55 PM

#215753 RE: DewDiligence #215752

$500 million is a nice clip for a product viewed by many as inferior to botox and it seems as if Galderma is doing a lot of the heavy lifting. Galderma appears heavily invested in Dysport and continues to gain access to new territories. If Galderma was interested in Revance this would put them in a bit of a pickle. They either act sooner rather than later, return the Dysport rights to Ipsen, and then wait 2 full years until RT002 is approved while forgoing 2 years worth of Dysport revenue. Or they wait closer to RT002 approval and run the risk of someone else scooping up Revance and becoming a direct competitor. To make matters even more complex, Galderma might have to return rights to Restylane, Perlane, Sculptra?

In conclusion the Galderma Revance collaboration is a lot less cut and dry to me than I thought, but not much is!



DewDiligence

01/11/18 2:14 PM

#216547 RE: DewDiligence #215752

Who knew IPN.PA (Ipsen) was a top-20 player in worldwide oncology sales? (I didn't, until hearing their JPM webcast.)

DewDiligence

02/15/18 3:43 PM

#217319 RE: DewDiligence #215752

(RVNC)—4Q17 Dysport sales reported by Ipsen +22.5% YoY:

https://www.businesswire.com/news/home/20180214006400/en

Ipsen’s reported 4Q17 Dysport sales of €87.2M include therapeutic indications in all geographies and cosmetic indications in the US/Canada. Outside the US/Canada, Ipsen receives royalty income on Dysport cosmetic sales by Nestlé.