Crown Laboratories to acquire Revance
Crown Laboratories, a privately held skincare company, and Nashville, USA-based Revance Therapeutics (Nasdaq: RVNC) have entered into an agreement whereby the companies seek to merge the two complementary organizations.
The news sent Revance’s shares rocket almost 87% to $6.60.
The combined company's flagship brands to include Daxxify (daxibotulinumtoxinA-lanm), the RHA Collection (filler), SkinPen (microneedling), PanOxyl (acne), Blue Lizar (sunscreen), and StriVectin (anti-aging). Daxxify competes with AbbVie's (NYSE: ABBV) blockbuster drug Botox (onabotulinumtoxinA).
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