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Revance Therapeutics (RVNC) Investor Presentation - Slideshow
2020-09-11 19:18
Daring To Make A Difference COMPANY PRESENTATION September 2020 Prevance FORWARD-LOOKING STATEMENTS / SAFE HARBOR / MARKET DATA This presentation contains forward-looking statements, including forward-statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to: financial metrics and outlook; the growth of markets for global neuromodulators, dermal fillers and aesthetics fintech platforms; the process and timing of, and ability to complete, current and an ...
Revance(RVNC) - 2020 Q2 - Earnings Call Transcript
2020-08-09 17:10
Revance Therapeutics, Inc. (NASDAQ:RVNC) Q2 2020 Earnings Conference Call August 6, 2020 4:30 PM ET Company Participants Jeanie Herbert - Head, Investor Relations & Corporate Communications Mark Foley - President & Chief Executive Officer Dustin Sjuts - Chief Commercial Officer, Aesthetics & Therapeutics Toby Schilke - Chief Financial Officer Abhay Joshi - Chief Operating Officer & President of R&D & Product Operations Conference Call Participants Terence Flynn - Goldman Sachs Stacy Ku - Cowen & Company Dav ...
Revance Therapeutics (RVNC) Investor Presentation - Slideshow
2020-06-11 17:39
| --- | --- | --- | |--------------------------------|-------|-------| | | | | | | | | | | | | | Daring To Make A Difference | | | | COMPANY PRESENTATION JUNE 2020 | | | This presentation contains forward-looking statements, including forward-statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to: financial metrics and outlook; the process and timing of, and ability to complete, current and anticipated future clinical development of our investigatio ...
Revance(RVNC) - 2020 Q1 - Earnings Call Transcript
2020-05-10 20:36
Financial Data and Key Metrics Changes - As of March 31, 2020, the company reported cash, cash equivalents, and short-term investments of $511.3 million, sufficient to fund operations into 2023 [38] - Revenue for Q1 2020 was $58,000, primarily from the Mylan collaboration, with operating expenses of $61 million, including a one-time noncash charge of $11.2 million related to in-process research and development [39][40] - The company expects 2020 GAAP operating expenses to be at the lower end of the previously announced guidance of $270 million to $280 million, with non-GAAP operating expenses projected at $220 million to $230 million [41] Business Line Data and Key Metrics Changes - The company is preparing for the launch of its FDA-approved RHA dermal filler portfolio in Q3 2020, with a PDUFA date for DaxibotulinumtoxinA for Injection set for November 25, 2020 [11][33] - The launch of RHA fillers was shifted by one quarter due to COVID-19, but the company remains optimistic about the timing coinciding with a more stable market environment [12][22] Market Data and Key Metrics Changes - The U.S. aesthetic neuromodulator market shrank by 5% in 2009 but returned to growth quickly, indicating resilience in the market [17] - The company anticipates a significant slowdown in aesthetic procedures in Q2 2020, followed by a modest recovery in Q3 and a return to growth in Q4 [20] Company Strategy and Development Direction - The company aims to launch two novel product lines, RHA fillers and DaxibotulinumtoxinA, targeting a premium market segment [14][30] - The strategy includes a phased rollout approach and a focus on virtual education and engagement programs to support healthcare professionals during the pandemic [15][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's financial and operational strength despite the challenges posed by COVID-19, highlighting a catalyst-rich year ahead [11][13] - The management noted that many practices anticipate pent-up demand for aesthetic procedures as they begin to reopen [16][20] Other Important Information - The company has implemented a COVID-19 preparedness plan and has contributed personal protective equipment to local hospitals [9][10] - The company is in discussions with Mylan regarding a biosimilar to BOTOX, with a response expected by the end of May [37] Q&A Session Summary Question: Update on TEOXANE manufacturing and inventory levels - TEOXANE's manufacturing facility has reopened, and the company is confident in the supply for the Q3 launch [46] Question: Commercial preparation status and cost structure - The company has made significant progress in commercial preparations, with a focus on targeted physician accounts and a limited number of sales representatives [49][50] Question: Potential for opportunistic business development - The company remains disciplined in its approach to acquisitions, focusing on assets that add value while maintaining a strong cash position [54][56] Question: Impact of RHA launch timing on strategy - The RHA launch timing has not changed the overall strategy, and the company continues to prepare for a successful launch [57][58] Question: Plans for DTC marketing and timing - The company plans to focus on physician training and outcomes before implementing direct-to-consumer marketing strategies [79] Question: Opportunities for aggressive launch strategy - The company believes in establishing a strong foundation with physicians before accelerating the launch, while also recognizing the potential benefits of a longer-acting product in the current environment [84][86]
Revance Therapeutics (RVNC) Presents At Cowen Health Care Conference - Slideshow
2020-03-05 12:19
1 Daring to Make a Difference Company Presentation March 2020 『·revance Forward-Looking Statements / Safe Harbor / Market Data 2 This presentation contains forward-looking statements, including forward-statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to: financial metrics and outlook; the process and timing of, and ability to complete, current and anticipated future clinical development of our investigational product candidates, including anticip ...
Revance(RVNC) - 2019 Q4 - Earnings Call Transcript
2020-02-25 03:15
Revance Therapeutics, Inc. (NASDAQ:RVNC) Q4 2019 Results Earnings Conference Call February 24, 2020 4:30 AM ET Company Participants Jeanie Herbert - Senior Director of Investor Relations and Corporate Communications Mark Foley - President, Chief Executive Officer Dustin Sjuts - Chief Commercial Officer of Aesthetics & Therapeutics Toby Schilke - Chief Financial Officer Abhay Joshi - Chief Operating Officer, President of R&D and Product Operations Conference Call Participants Annabel Samimy - Stifel Ken Cacc ...
Revance Therapeutics (RVNC) Presents At 38th Annual J.P. Morgan Healthcare Conference - Slideshow
2020-01-16 18:34
DAXI AESTHETICS - The global facial aesthetics neuromodulator opportunity is approximately $2.2 billion[21] - Over 7 million neuromodulator procedures are performed annually in the U S[21] - In SAKURA 1, 73 6% of subjects achieved ≥ 2-point composite response vs 0% with placebo[27] - In SAKURA 2, 74 0% of subjects achieved ≥ 2-point composite response vs 1% with placebo[27] NEUROMODULATOR MARKET - The global neuromodulator market is currently valued at $5 1 billion[15] - Facial aesthetics account for 44% of the global neuromodulator market[15] - Therapeutics account for 56% of the global neuromodulator market[17] - The global neuromodulator market is projected to reach $9 7 billion by 2027[16] TEOXANE Partnership - Revance has an exclusive U S distribution agreement for TEOXANE's RHA dermal fillers[47] - The U S filler market is valued at $1 1 billion[47] - The U S HA filler market is growing at a CAGR of 10% and is projected to reach $2 1 billion in sales by 2025[51] DAXI THERAPEUTICS - The global market opportunity for therapeutic indications of botulinum toxin is $2 5 billion[38]
Revance Therapeutics (RVNC) Investor Presentation - Sliideshow
2019-11-20 10:17
Daring to Make a Difference Investor presentation NASDAQ: RVNC NOVEMBER 2019 Forward-Looking Statements / Safe Harbor / Market Data This presentation contains forward-looking statements, including forward-statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to: financial metrics, the process and timing of, and ability to complete, current and anticipated future clinical development of our investigational product candidates, including anticipated near ...
Revance(RVNC) - 2019 Q3 - Earnings Call Transcript
2019-11-05 03:39
Financial Data and Key Metrics Changes - The company ended Q3 2019 with cash, cash equivalents, and short-term investments of $209 million, excluding a $5 million milestone payment from Mylan expected in Q4 2019 [18] - Revenue for Q3 2019 was $46,000 from the Mylan collaboration, with operating expenses of $42.6 million, and non-GAAP operating expenses of $37.5 million [19][20] - The company maintained its 2019 guidance, expecting GAAP operating expenses between $173 million and $185 million [20] Business Line Data and Key Metrics Changes - The company is focused on the commercialization of DaxibotulinumtoxinA (DAXI) in the aesthetic market and has plans for a Biologics License Application (BLA) submission by the end of November 2019 [10][12] - DAXI is positioned as a long-acting neuromodulator, with clinical trials showing exceptional response rates and a long duration of effect [11][17] Market Data and Key Metrics Changes - The global therapeutic market is valued at $2.5 billion, with DAXI expected to capture significant market share due to its differentiated long-acting profile [15][38] - The U.S. facial aesthetics market is described as a billion-dollar market, with DAXI targeting the majority of neuromodulator use in facial lines [14] Company Strategy and Development Direction - The company aims to successfully launch DAXI in the aesthetics market while unlocking value in the therapeutic space [27] - The management emphasizes the importance of capital allocation and market research to inform their launch strategy [27] - The company is exploring additional therapeutic indications beyond cervical dystonia, including migraine and upper limb spasticity [39] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the upcoming BLA submission and the potential approval and launch of DAXI in the second half of 2020 [23] - The company is optimistic about the long-term value of DAXI in both aesthetic and therapeutic markets, highlighting its unique position as the first true innovation in the neuromodulator market in over 30 years [11][12] Other Important Information - The company has made significant progress in its clinical trials, completing enrollment in multiple studies and preparing for data readouts in 2020 [17] - The management team has been strengthened with key hires in the commercial organization to support the launch of DAXI [13][67] Q&A Session Summary Question: Any specific strategic initiatives or plans evolving from the new CEO's perspective? - The CEO indicated no material changes in strategy, focusing on a successful launch in aesthetics and unlocking value in therapeutics [27] Question: What are the chances of DAXI's performance facilitating additional movement disorder indications? - The CEO stated that cervical dystonia will be the first indication, and future submissions will depend on data from ongoing trials [29] Question: How does the company view pricing in the competitive landscape? - The CEO believes DAXI's long duration will allow for premium pricing, differentiating it from short-acting competitors [35] Question: What therapeutic areas are being considered for further exploration? - The CEO confirmed a focus on existing therapeutic categories, with migraine being a significant market of interest [39] Question: What share does the company expect to capture in the market? - The CEO mentioned that over 50% of consumers indicated that a long-acting neuromodulator would influence their decision-making [42] Question: What is the status of the Mylan biosimilar program? - The CEO noted that Mylan has contributed $30 million to the program, with a decision expected by April 2020 [42][49] Question: Will there be updates on the migraine program? - The CEO indicated that trials for the migraine program could potentially start in 2020, but no specific timeline was provided [53] Question: How does the company plan to approach international filings for DAXI? - The COO stated that international filings would begin approximately six months after the U.S. filing [48] Question: What is the company's strategy regarding potential partnerships for international markets? - The CEO mentioned that they are open to out-licensing rights and exploring partnerships for both therapeutic and aesthetic markets [69]
Revance Therapeutics (RVNC) Presents At Cantor Healthcare Conference - Slideshow
2019-10-03 21:33
Daring to Make a Difference Investor presentation NASDAQ: RVNC OCTOBER 2019 2 Forward-Looking Statements / Safe Harbor / Market Data This presentation contains forward-looking statements, including forward-statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to: financial metrics, the process and timing of, and ability to complete, current and anticipated future clinical development of our investigational product candidates, including anticipated nea ...