Replies to post #5319 on Revance Therapeutics Inc (RVNC)

[alertmeipp]

It feels like finally, $RVNC has figured out various pieces of the puzzle and putting things together.. and at the same time, the valuation is at record low. Next few quarters will be rewarding.

[Emannow]

Many of the KOLs for Botox are being paid between $75,000 to $100,000 a year to speak at Allergan Training Meetings and to train injectors at the practices level. (all paid to say Botox is the best!) These KOLs are refusing to offer Daxi to their patients which is most likely a condition Allergan requires for them to continue on the Allergan Medical Institute Speaker Payroll. This is both unethical and another element of the Pharma dark side. These KOLs are all about the $$$ and have abandoned their medical oath of servicing the patient and doing the right thing. These KOLs also receive hundreds of Staff Training vials.

Allergan is heavily providing "staff training" vials to practices as a way to lower the cost of Botox. This practice is 100% illegal and Allergan has had many lawsuits from former employees and the FDA. Each doctor has to sign saying they will not sell the staff training product. which puts the legal oath on the doctor, but everyone knows the practices sell the staff training product! Injectors will use a lot number off a paid vial when using the staff training vials in case they are audited. If the FDA audited the "Staff Training" vial lot numbers, the injector would have never used the product, yet the vial is missing from the injector's inventory. Allergan will go to any level!

This staff training sampling does not go against Allergan's Therapeutic price discount and is illegally stealing millions of dollars from the US Government by falsely creating a higher Therapeutic price for Botox. Every penny of discount against the price of Botox costs Allergan approximately $5 million in therapeutic revenue.

There was one practice in North Jersey where all the Allergan Management would send their wives and friends for Botox. The Allergan rep complained because the practice was getting so many staff training vials as pay for injecting the wives that the practice stopped ordering vials which cost money. The rep could not hit the quota.

Both of these practices are examples of why Allergan is unethical and all about the $$$. The FDA should limit paid speakers to $10,000 per year and limit staff training vials to 20 vials per year so that doctors can be true to their medical oath.