RVNC - Why Revance Therapeutics Stock Is Getting Crushed Today
Shares of the aesthetic and therapeutic company Revance Therapeutics (NASDAQ: RVNC) are in for a turbulent Monday. In premarket trading, the biopharma's shares sank by as much as 34% on heavy volume.
What's sparking this double-digit sell-off? After the closing bell last Friday, Revance announced that the U.S. Food and Drug Administration issued a complete response letter (a rejection) for the company's experimental treatment for moderate to severe glabellar (frown) lines called DaxibotulinumtoxinA for Injection.
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Why Revance Therapeutics Stock Is Getting Crushed Today