Revance and Mylan to Extend Biosimilar to BOTOX Program Decision Beyond April 30, 2020

Shots:

• Revance is in discussion with Mylan regarding whether Mylan plans to move forward or not with the biosimilar to BOTOX program. The expected decision date for Mylan is Apr 30, 2020 or thirty days from the date that Revance provides Mylan with certain deliverables regarding the program
• In Sept’2019, the companies amended their agreement to include an additional $5M to Revance in exchange for an extended decision period for Mylan to move forward with a development program. Revance has carried out additional characterization work and analysis for the benefit of the program
• In Feb 2018, the companies collaborated for development and regulatory approval of BOTOX’s biosimilar. Revance received $25M as upfront and granted commercialization rights to Mylan in the US, EU and ROW

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