NEW YORK, NY--(Marketwired - June 12, 2015) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Revance Therapeutics, Inc. ("Revance" or the "Company") (NASDAQ: RVNC) of the possibility to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.
A complaint has been filed against Revance in United States District Court for the Northern District of California. It alleges that Revance had not commenced a Phase 3 clinical trial of RT0001 -- its lead product under development for the treatment of wrinkles around the eyes -- in the first quarter of 2014 as it had announced in its June 19, 2014 follow-on public stock offering (the "Offering").
Further, the complaint accuses the Company of possessing neither the quantity nor the quality of RT001 required to complete a Phase 3 clinical trial under FDA guidelines.
After correspondence between the FDA and the Company revealing this news was made public, Revance's stock price dropped to as low as 50% of the $30.50 per share Offering price in the following month, damaging investors.
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Take Action
If you invested in Revance stock or options during or around the Offering and would like to discuss your legal rights, visit www.faruqilaw.com/RVNC. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Revance's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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