Acquisition OfferTeoxane made a competing bid and offered to purchase Revance for $3.60/share in cash, which represents a 16% premium to Crown's offer.
Financial StrengthTeoxane has substantial cash on hand, is highly profitable, and is in discussions to secure committed financing for the transaction.
Revenue GrowthRevance recorded a total revenue of $59.9M, an increase of 10.7% YoY from $54.1M in 3Q23.