Acquisition ProposalTeoxane 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 StabilityTeoxane has substantial cash on hand, is highly profitable, and is in discussions to secure committed financing for the transaction.
Product Line SuccessTeoxane is a 6.2% shareholder of RVNC and is the manufacturer of the RHA filler product line, which represented ~52% of RVNC's total sales.