Why Revance Therapeutics Stock Is Jumping 13.1% Today

After the company announced an exclusive U.S. licensing deal to market multiple fillers used in cosmetic procedures, Revance Therapeutics shares (NASDAQ: RVNC) were up 13.1% at 12:30 p.m. EST on Friday.

Investors were hoping Revance Therapeutics would make the leap from clinical-stage to commercial-stage biotech stock this year pending Food and Drug Administration approval of DAXI, a long-lasting formulation of a neurotoxin designed to compete against Allergan's (NYSE: AGN) Botox.

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Source Fool.com