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Avidity Biosciences Shares Soar 42.4% on Acquisition Deal with Novartis
ByAinvest
Tuesday, Oct 28, 2025 1:16 pm ET1min read
Avidity Biosciences (RNA) shares surged 42.4% to $70 after announcing a deal with Novartis valued at up to $72.00 per share. The acquisition is expected to close in H1 2026, subject to customary conditions. Avidity expects to separate its precision cardiology programs into a new publicly traded company. The company's quarterly loss is expected to be $1.09 per share, up 6.8% YoY.
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