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Stock impact report

Week In Review: China Pharmas Announce Deals Worth $1.5 Billion [Seeking Alpha]

Revance Therapeutics, Inc. (RVNC) 
Last revance therapeutics, inc. earnings: 2/24 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.revance.com
Company Research Source: Seeking Alpha
Deals and Financings WuXi AppTec (SHA: 603259), China's largest CRO/CMO, completed a $1 billion IPO on the Hong Kong markets, pricing the offering in the middle of the expected range. In May, WuXi became a public company by completing a $328 million IPO in Shanghai. Since the offering, the company's shares have nearly quadrupled. The Hong Kong offering was completed at a $10 billion valuation, about a 16% discount to its valuation in Shanghai. In 2015, WuXi was privatized from the New York Exchange at a value of $3.3 billion. Shanghai Fosun Pharma (SHA: 600196; HK: 02196) in-licensed rights to a Revance (NASDAQ: RVNC ) neuromodulator for aesthetic and therapeutic use in an agreement potentially worth $260 million (see story ). Fosun will pay $30 million upfront and up to $230 million in milestones, plus royalties. The first neuromodulator with long-acting duration, DaxibotulinumtoxinA (RT002) is also the first Botox-type product formulated without human blood-derived pro Show less Read more
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