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flag Novartis to buy Avidity for $12B, boosting its rare disease and RNA therapy programs.

flag Novartis AG has agreed to acquire Avidity Biosciences in a $12 billion cash deal, with Avidity shareholders receiving $72 per share, a 46% premium over its recent closing price. flag The acquisition, pending regulatory approval and the spin-off of Avidity’s cardiology programs into a new company called SpinCo, will expand Novartis’s rare disease pipeline, including late-stage programs for Duchenne, myotonic, and facioscapulohumeral muscular dystrophies. flag The deal includes Avidity’s Antibody Oligonucleotide Conjugate platform, which enables targeted RNA therapies. flag Closing is expected in early 2026.

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