Allergan play gooses Revance


Traders apparently believe the potential acquisition of Allergan by Valeant and Pershing Square bodes well for Revance Therapeutics (RVNC). Shares are up 20% premarket on mediocre volume.

After yesterday's close, the company announced positive results from it Phase 1/2 clinical trial for RT002 injectable botulinum toxin type A for the treatment of moderate to severe glabellar (frown) lines. Its patented TransMTS technology is designed to provide a longer duration of effect.

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