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In an “Executive Decision” segment, Cramer sat down with Dan Browne, co-founder, president and CEO of Revance Therapeutics (RVNC) , the biotech that’s actively developing an alternative to Allergan’s (AGN) wildly successful Botox.
Browne said that Revance is on track to file for FDA approval for “RT002” next year, which would likely put their product on the market by early 2020. He said what makes RT002 different from Botox is the duration of the dose, which the data is indicating lasts a full six months for frown lines. Revance has plans to explore therapeutic applications for RT002, just like Allergan has.
Browne added that while RT002 is distinctly different from the formulation of Botox, the drug will be made completely in the U.S., which will give his company the same profit margins as their larger rival.
When asked whether they have enough cash on hand to see RT002 to market, Browne said that Revance is well capitalized and they have a number of catalysts ahead that would allow them to raise additional capital if needed.
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