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Replies to post #482 on Revance Therapeutics Inc (RVNC)
Mufaso
09/18/18 11:30 PM
#483 RE: kris_kade #482
The Thesis Revance’s injectable DaxibotulinumtoxinA will soon penetrate and rise in a $3 billion global neuromodulator market expected to post 11-percent compound annual growth through 2023. Goldman Sachs foresees long-term opportunity in the treatment of glabellar lines, cervical dystonia and plantar fasciitis — expectations supported by physician surveys indicating a potential premium to Botox pricing and few challenges from Allergan’s cosmetic portfolio. The analysts forecast peak sales north of $1.1 billion, which may secure Revance looks from outside parties. “Given the attractiveness of the global neuromodulator market […] and growth potential from label expansion opportunities for Daxi, we also see high likelihood of M&A interest in RVNC over time,” Flanders and Staral wrote in a note. Risks to their thesis include slow commercial uptake, competition and regulatory roadblocks.