The U.S. health regulator has approved expanding the use of Revance Therapeutics' Daxxify to treat a painful neck muscle condition, intensifying the anti-wrinkle injection's rivalry with AbbVie's Botox.
The approval by the Food and Drug Administration helps Revance enter the $2.5 billion U.S. market for therapeutic neuromodulator, a method that directly acts on nerves, the company said on Monday.
Revance will move into a preview phase with some doctors and key opinion leaders initially after the approval, company executives told Reuters before the decision. Revance said it would share more information on the pricing when the product is launched commercially.
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