Novartis to Acquire Avidity Biosciences for Over $70/Share, Enhancing RNA Therapeutics Portfolio
Oct 26, 2025, 2:01 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
This acquisition strengthens NVS's position in the growing neuroscience sector. Historically, similar acquisitions have enhanced market perception and stock performance.
AI summary
What happened, with direct paths to the underlying reporting
Novartis to acquire Avidity Biosciences for $12 billion, enhancing neuroscience. Acquisition priced at over $70 per share, closing expected by mid-2026. Avidity to spin off early-stage cardiology programs into new entity SpinCo.
Novartis to acquire Avidity Biosciences for $12 billion, enhancing neuroscience.
Acquisition priced at over $70 per share, closing expected by mid-2026.
Avidity to spin off early-stage cardiology programs into new entity SpinCo.
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