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New Daxxi Provider and what sets Daxi apart from other neuromodulators…
https://www.instagram.com/reel/C4qvLGJRcGf/?igsh=MTMzMmQ3MnFtNjRreA==
Many of the practices offering Daxxify do heavily market that it is vegan. It's a strong selling point and Revance should definitely lean into it. However I think the use of the word "safe" or any allusion to these types of incidents is a very bad idea.
Where are all the "market is never wrong" folks today. 🤣
Daxxi Dosage Experience
https://www.instagram.com/reel/C5ygX2BRxYx/?igsh=eXY4dnVnMDg4NGV5
First reported transmission of HIV-AIDS as a result of beauty treatment! In Morbidity and Mortality Weekly Report April 25. 2024 (73(16):372) the CDC reports on the first reported transmission of HIV-AIDS as a result of micro-needling. As this raises concern, I hope that RVNC again reiterates the point that DAXXI does not contain human blood by-products, whereas BOTOX does contain stabalizers derived from human blood. I know that the infections in this report was due to contaminated needles and using microneedling - but as this spreads throughout the industry, one can throw in the slogan - "If you want the best and the safest , you can trust DAXXY"
As you whine and pout, RVNC gains traction. The KOL coverage here was great..
The feeling is mutual iwfal. Ian is clearly a liar since he just outright lied about what Dew posted on the other board. I didn't think you were stupid but your inability to understand the difference has me second guessing that. You were also naive about double dose Jeuveau.
You are a liar and a loser Ian. I've known that for a while but now everyone can see it. You're even more unhinged than CosmeticMD, who at least is motivated by kickbacks from Galderma. What's your motive? You seem to be angry at Dew because you lost money.
I was referring to a different post on the biotech values thread which is much closer to what I posted on this thread than the post that you found.
If all the readers of this thread were experienced financial analysts with expertise in biotech, I wouldn’t bother making a single post here. I suspect many of the readers are lurkers with very little biotech expertise and not much investment experience. Those people deserve to get a balanced set of views. If they only read posts from the perma-bulls, they will not get a realistic impression of the risks involved.
Don’t get me started on Alzheimer’s disease. Roy “sicced” Vinman on me when I expressed my views to a new poster questioning four biotech stocks. Essentially, there are dozens of phase 3 trials, all of which have failed. that attacked amyloid Beta or tau plaques. The Aduhelm fiasco was the only time the FDA approved an Alzheimer’s disease treatment. Biogen withdrew it after no healthcare agency would pay the bill nor would doctors prescribe it.
Enjoy the rest of your weekend.
Ian
IanFromSI, now we all know your motive here. lol.
So stupid
What was the point of your post, Ian?
Is this not just another example of atrocious management practises at RVNC?
(re-YY1000 post)
Even Roy hinted that he is worried that something is going wrong in revance that he’s not aware of (on the biotech values thread).
And then there’s Vinman who thinks he’s much smarter than both Milton Friedman and Jay Powell put together. Guess what Vinman. - you are nowhere close.
Maybe if you win the Nobel prize for economics and get a pointed as chairman of the fed, your economic “wisdom“ might be worth listening to.
…. And then bragging about how smart you are taking a loss to offset your capital gains, then, pointing out that you hope to be able to do it again!!!, And suggesting that others adopt us similar strategy. Has it got to be the most asinine investment strategy I have ever heard of.
Are you and Roy that desperate for increased liquidity that you think that posts on iHub might help you out of your fix?
Any competent investor is not going to speculate with cash that he either can't afford to lose, or isn't willing to lose by buying into a company that he strongly believes has the worst management in the world. And as I read the posts on this thread, most of the perma bulls have got an extraordinarily low opinion of Foley.
So you said some injectors are not using Daxxify because they are too busy to try... but isn't the long lasting feature of Daxxify the exact solution they are looking for to make them less busy?
"Daxxify is the best neurotoxin and I recommend it to all my patients."
This is, of course, what a doctor is supposed to do. Be knowledgeable and recommend the best option to their patients. Contrast that with what some unscrupulous CosmeticMDs are doing: keeping the best product away from their patients while taking kickbacks from Galderma or Abbvie. We won't see that type of rent seeking behavior in therapeutics.
Yes, if every injector used 30% daxxify. But there are about 10 other doctors in their practices that do not seem to use it much, so my guess is if you looked at total toxin purchases for these practices it would be 6-10% Daxxi, with Botox about 30%, Jeuveau about 30% and rest 20% or so (by dollars, which would make Jeuveau the largest in terms of use).
Thank you for your input and thoughts!
Two important points to consider: (1) if you look at the sales region award winners for RVNC and Allergan, you can see what areas of the country are doing well with Daxi and Botox. RVNC is doing very well in the Northeast and Mid Atlantic as well as a few other areas in the USA as these regions are winning sales awards every year. Allergan is doing well in the Northwest and Southwest USA as these areas are their sales award winners!
(2) KOLs are charging patients 50% to 75% more for Daxi versus Botox and purchasing Daxi for less than Botox. KOLs are all about the $$ and are now a very small % of total sales. National Med Spa chains and large multi unit practices make up over 50% of the Botox sales. KOLs write most of the white papers but do very little of the injections.
If KOLs charge patients a far price for Daxi as compared to the cost, 75% of their patients would pick Daxi. Eventually, competitive pricing for Daxi will impact the prices KOLs charge! Over time, patients will realize and understand the benefits of Daxi at a fair price.
Worth noting that through about Jan 2024 Dr. Barrett was posting Botox stories. Since late Feb, only Daxxi.
Many here seems to forget that RVNC actually has a very successful rollout of RHA product lines. They screwed up the first Daxxify launch but it does not mean they are incompetent fools. Hopefully, the second attempt will bring successes.
>>about 30% of their toxin use is Daxxify
That's very high percentage (I assume 15% for my base case), is it not?
The info I am getting from my East Coast KOLs is similar to Boraborak's. They tried it on more than half their toxin patients, and about half of those stayed on it, so about 30% of their toxin use is Daxxify. Their schedules are full so they get few new patients, so in terms of within-practice growth there was not much change in Daxxxify units Q4 to Q1, which amounts to small growth as most other toxins were a bit down Q-over-Q. Growth could have come from new physicians in their practices adopting, and they haven't seen that. They don't have a good explanation for that, other than the launch was a failure, and these doctors are too busy to give it another look until they get new information from sources they trust.
I am puzzled at the current share price. Assuming there is not some Valeant-type mess about to be unveiled, it could reflect that analysts and short sellers get negative info from the channel. Also there is a lot of turnover, as stated in many messages. That said, these doctors like their new reps that they've had since January more than the old ones. I made 3 very substantial purchases at 3.30/3.31 on Thursday, and given that they executed within minutes and without much price movement, there must be a lot of non-retail investors willing to sell or short at these prices. FWIW, I have not seen any of my shares being lent to shorts, which is unlike what happened with Valeant (which I bought after it already was 90% down from its highs).
Plastic Surgeon Beverly Hills | Dr. Daniel Barrett
https://www.drdanielbarrett.com/dr-barrett
Now this is a HUGE deal. Multi millionaire celebrity plastic surgeon pitches Daxi… you would think these people would not only use the product but buy into the stock to own a piece of the pie.
https://www.instagram.com/reel/C6PLozoSc2h/?igsh=cHpqMWFzbzZheG5t
Dr. Daniel Barrett
I am seeing many new ads and practices pitching DAXXIFY…
https://www.instagram.com/reel/C6OQOgEuUYh/?igsh=MWNyeThuNHdqNHY2Yg==
https://www.instagram.com/reel/C6Kdl4ivXld/?igsh=Nm1qeGpkeHE0bnZ5
https://www.instagram.com/reel/C59L4ZqI71W/?igsh=cHoycDEwYXRyMmc=
https://www.instagram.com/reel/C6FJIA0gc_e/?igsh=c3dyMDNkcWlpdGFq
https://www.instagram.com/reel/C6M8U38vltb/?igsh=MXN1c3pveWYycDk1dA==
https://www.instagram.com/reel/C6J8LLKgysU/?igsh=MWM3MXJvZmJ3d2I3dQ==
Daxxi practice locator tool for Miami area is now showing 52 locations compared to 26 just yesterday. Whatever they did to gain traction in Miami seems to be working.
Well, thank you for the insight. I didn’t know that! 🤦🏻♂️
$280M guidance… of course management will reaffirm at least $280M.
NYT article: Market flooded with fake Botox
https://www.nytimes.com/2024/04/25/well/live/counterfeit-botox-risks.html?unlocked_article_code=1.nU0.5syV.RaMIYrMIOJG_&smid=url-share
If you really want to know about Revance Therapeutics and Daxxify, no way is better than to do your own research.
New to this board…Can someone tell me, this stock was not 97% higher only because of the Dax product, correct? Am I wrong? Is this company betting the house on this product alone?
thank you for the feedback boraborak. So it sounds like you and your contacts have not tried Daxxify so you have no year over year purchase comparisons?
I too am hearing about multiple sales rep departures (in the 10 to 15% range) and territory reshuffling and that new account growth and growing existing accounts had been slow but hearing that they are starting to gain some traction since the Daxi price cut and rebates this past quarter. The 40K rebates that are expiring this month should have helped to get new patients to try Daxi and for Revance to be able to market directly via text in the future to these 40K new patients. This program should be extended IMO. Even $25 to $50 helps to move the needle and reduce friction points in getting clients to transition to Daxxify.
Would be extreme bullish if RVNC re-affirm their at least 280mm sales guidance given Botox's weakness.
We can all hope. I bet Abbv would love to buyout RVNC even for 4-5 billions as then they will have a better product to push. But obviously, they can't due to competition concern.
1Q24 Botox sales by indications and geography: #msg-174309306.
AbbVie just released Q1 2024 numbers and US Botox was down 4.9% YOY and Juvederm was down 13.9% YOY! And that is with the Botox price increase!!! Take out the price increase and Botox is down 7 to 8%!
Allergan is losing market share in aesthetics! Now we know why so many directors and VPs are leaving Allergan! I would expect to start seeing layoffs and open jobs go unfulfilled! This loss of market share will continue as both Botox and Juvederm are 20 yr old products and patients are migrating to new better products!
Any practice still using only Botox and Juvederm is on a sinking ship! Allergan will continue to raise prices to make up for lost market share and squeeze profits from injectors.
Are you not concerning that your business will be taken away sooner or later by your competitors that offer the new and better product?
Seems rather naive on your part to not trying harder on this as it seems you agreee Daxxify is the best and cost less?
Soma, thank you for taking the time post your informative information.
So owning a few spas verses reading information on IHUB should give them enough information that Daxxify is what they should be offering?
Read that again. You are stating that he/she should run their business based on the information from a message board? 🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️
How is your Med/Spa or clinic going with toxins?
Honestly your story has always been suspect. You have the information provided here to know that Daxxify is the best toxin when injected properly and can make a practice more money so you should be enthusiastically offering it. You only showed up on this board after Daxxify was approved and have shown at times a complete lack of understanding about toxin injection. You claim to own practices but there's no way to verify that. I can't prove it's false either but frankly I think you're not truthful and have ulterior motives.
Always good posts and info soma. In my circles (and I own practices), I am not seeing adoption of Daxxify. I asked another well known owner in my area what she is seeing and she said:
“ The daxxify buzz kind of died. I haven’t heard or seen anything on the groups good or bad. Revance has “restructured” and let go of some positions recently.”
So….i think it depends who you ask. It’s no secret that their sales force has been upended. And the relationships that take time to build have stalled. I saw something similar a few years ago with the lawsuit against Evolus. Sales staff got turned upside down when they were essentially frozen from doing business. And so it took a long time to rebuild that.
I don’t hear people/patients asking for Daxxify yet either. You can call me some shill for another toxin company but this is the truth. And the things I have said the past couple years have been pretty accurate.
I’m still long some shares around $5.50 FWIW
That explains why Galderma shill and perpetual loser CosmeticMD was working overtime today to tag my posts with clown emojis. The majority of patients who try Daxxify with a skilled injector stick with it. That's bad news for those desperate to maintain the status quo.
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