Ajinomoto Bio-Pharma Services and Revance Therapeutics Announce Manufacturing Agreement for Supply of DaxibotulinumtoxinA for Injection
SAN DIEGO and NEWARK, Calif., Dec. 22, 2020 /PRNewswire/ -- Ajinomoto Bio-Pharma Services ("Aji Bio-Pharma"), a leading provider of biopharmaceutical contract development and manufacturing services, and Revance Therapeutics, Inc. (Nasdaq: RVNC), a biotechnology company focused on innovative aesthetic and therapeutic offerings, are pleased to announce a strategic commercial manufacturing agreement for the supply of DaxibotulinumtoxinA for Injection.
DaxibotulinumtoxinA for Injection is currently under Biologics License Application (BLA) review. Aji Bio-Pharma will serve as a dual supply source and provide drug product manufacturing services for Revance at the company's aseptic manufacturing facility in San Diego, California.
"We are excited to partner with Revance and their efforts to establish a new standard in aesthetic and therapeutic neuromodulator offerings," said Jean-Baptiste Agnus, VP of Sales at Ajinomoto Bio-Pharma Services. "This partnership underscores our commitment to be a leading, trusted, innovative partner to our clients and reinforces our company mission to improve the health of humankind."
"We are delighted to be partnering with Aji Bio-Pharma for the production of our innovative product and bolstering our supply chain resiliency," said Brian Blagg, Vice President, Engineering & Supply Chain at Revance. "Aji Bio-Pharma's manufacturing infrastructure, long-standing experience and customer-centric service, were important to this collaboration."
About Ajinomoto Bio-Pharma Services
About Revance Therapeutics, Inc.
"Revance Therapeutics" and the Revance logo are registered trademarks of Revance Therapeutics, Inc.
Any statements in this press release that are not statements of historical fact, including statements about the therapeutic and commercial potential of DaxibotulinumtoxinA for Injection; Revance's ability to obtain, and the timing relating to, regulatory approval with respect to DaxibotulinumtoxinA for Injection in glabellar lines; Revance's development of a biosimilar to BOTOX®; Revance's business strategy, timeline and other goals for its anticipated products and its plans and prospects, including its manufacturing and commercialization plans; and potential benefits of Revance's drug product candidates, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You should not rely upon forward-looking statements as predictions of future events. Although Revance believes that the expectations reflected in the forward-looking statements are reasonable, Revance cannot guarantee that the future results, levels of activity, performance, events, circumstances or achievements reflected in the forward-looking statements will ever be achieved or occur.
Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from Revance's expectations. These risks and uncertainties relate to, but are not limited to: delays in the approval of Revance's biologics license application for DaxibotulinumtoxinA for Injection for the treatment of glabellar lines, including as a result of COVID-19-related policies and travel restrictions currently in place at the FDA; the impact of the COVID-19 pandemic on Revance's or Aji Bio-Pharma's manufacturing operations or supply chain, end user demand for Revance's products, or Revance's commercialization efforts, business operations, clinical trials and other aspects of its business; Revance's or Aji Bio-Pharma's ability to manufacture supplies for Revance's product candidates; the results, timing, costs, and completion of Revance's research and development activities; the uncertain clinical development process; the risk that clinical trials may not have an effective design or generate positive results; the applicability of clinical study results to actual outcomes; Revance's plans to research, develop, and commercialize its drug product candidates; Revance's ability to obtain regulatory approval of its drug product candidates; Revance's ability to successfully commercialize its drug product candidates, if approved, and the timing and cost of commercialization activities; Revance's ability to obtain funding for its operations; Revance's ability to continue obtaining and maintaining intellectual property protection for its drug product candidates; and Revance's financial performance, including future revenue, expenses and capital requirements. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release may be found in Revance's periodic filings with the Securities and Exchange Commission (SEC), including factors described in the section entitled "Risks Factors" on Revance's Form 10-Q filed with the SEC on November 9, 2020. The forward-looking statements in this press release speak only as of the date hereof. Revance disclaims any obligation to update these forward-looking statements.
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SOURCE Ajinomoto Bio-Pharma Services; Revance Therapeutics, Inc.
Company Codes: NASDAQ-NMS:RVNC