Replies to post #229180 on Biotech Values

[bladerunner1717]

Dew and Dew,

What exactly is your thinking on why now and not later is a good time to re-enter the Market?

The article below suggests we haven't even come close to seeing the worst of this crisis yet.

https://medium.com/@tomaspueyo/coronavirus-act-today-or-people-will-die-f4d3d9cd99ca


Bladerunner

[DewDiligence]

RVNC—FDA could start missing PDUFA dates especially for an aesthetic product.

That the Daxi BLA in glabellar lines probably doesn’t require an FDA advisory panel is helpful in this regard (#msg-153683771).

Luckily the company is now well capitalized and has levers to slow burn if need be so I’m comfortable having added at these levels.

It’s not entirely luck. The February convertible-debt offering looks pretty smart now.

[DewDiligence]

(TSLA)—RVNC’s Daxi manufacturing operations probably open:

https://www.nytimes.com/2020/03/18/business/economy/gm-ford-fiatchrysler-factories-virus.html

In California, Tesla, the luxury electric carmaker, has cut staffing at its Fremont factory from 10,000 to about 2,500 after local officials issued a shelter-in-place order, according to Ray Kelly, a spokesman for Alameda County.

Under the order, nonessential businesses like Tesla are permitted to continue “minimum basic operations” as long as employees do their best to stay at least six feet away from one another, according to the county.

RVNC’s facilities are in Newark CA, which is part of Alameda County. RVNC has not issued a COVID-19-specific press release.

[DewDiligence]

RVNC—Daxi_11/25/20_PDUFA_date_probably_delayed_due_to_COVID:

https://investors.revance.com/news-releases/news-release-details/revance-reports-third-quarter-2020-financial-results-and

Due to COVID-Related Travel Restrictions, Required Inspection of the Revance Manufacturing Site by the U.S. Food and Drug Administration (FDA) has Not Been Scheduled.

I.e., the FDA has not formally delayed the PDUFA date, but it’s unlikely that the required manufacturing inspection will be done between now and 11/25/20 PDUFA date.