Revance RVNC not looking so fabulous

Whirly lollipop on orange background.

We were initially pretty excited about Revance (RVNC) based on our work in and around the theme we refer to as "aging population." The lead product at Revance is a form of botox that can be applied topically rather than injected.

The story is still a good one but when we went through the transcript of the IPO roadshow more carefully a couple of things stuck in our craw. Specifically:

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