Los Angeles - 
(NewMediaWire) - October 26, 2021 - The
Schall Law Firm, a national shareholder rights litigation firm, announces that
it is investigating claims on behalf of investors of Revance Therapeutics, Inc. (“Revance” or “the Company”) (NASDAQ: RVNC) for violations of the securities laws.
The investigation
focuses on whether the Company issued false and/or misleading statements and/or
failed to disclose information pertinent to investors. Revance is the subject
of an FDA Form 483 posted on October 12, 2021. The form details problems with
the Company’s manufacturing facility discovered during a July 2021 inspection.
According to the FDA, a working cell bank is noted as a cause of rejected GMP
lots. The FDA also found discrepancies between the Company’s proposal for
licensure and the manufacturing process in the facility. The agency notes that
the Company’s quality unit “lacks the responsibility and authority for the
control, review, and approval of outsourced activities….” Based on this news,
shares of Revance fell by 25% on the same day.
If
you are a shareholder who suffered a loss, click here to participate.
We
also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East,
Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights
free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The
class in this case has not yet been certified, and until certification occurs,
you are not represented by an attorney. If you choose to take no action, you
can remain an absent class member.
The
Schall Law Firm represents investors around the world and specializes in
securities class action lawsuits and shareholder rights litigation.
This
press release may be considered Attorney Advertising in some jurisdictions
under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
