NEW ORLEANS, Jan. 14, 2022 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until February 8, 2022 to file lead plaintiff applications in a securities class action lawsuit against Revance Therapeutics, Inc. (NASDAQGM:RVNC), if they purchased the Company’s shares between November 25, 2019 and October 11, 2021, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of California.
Revance investors should visit us at https://claimsfiler.com/cases/nasdaq-rvnc-1/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
Revance and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On October 12, 2021, the Company disclosed that on July 2, 2021, the FDA had notified it of problems observed during its inspection of the Company’s Northern California DAXI manufacturing facility, including that “[t]he current manufacturing process is not the process proposed for licensure” and that the “Quality Unit lacks the responsibility and authority for control, review, and approval for outsourced activities[.]”
On this news, shares of Revance fell $6.85 per share, or 25%, to close at $20.45 per share on October 12, 2021.
The case is Aramic LLC v. Revance Therapeutics, Inc., No. 21-cv-09585.
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