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Benzinga
Benzinga
Business
Triveni Kothapalli

Avidity Biosciences Soars After $72 Per Share Novartis Takeover

Genetic,Research,And,Biotech,Science,Concept.,Human,Biology,And,Pharmaceutical

Avidity Biosciences, Inc. (NASDAQ:RNA) stock surged after announcing a $12 billion all-cash acquisition by Novartis AG (NYSE:NVS), marking one of the largest biotech buyouts of the year.

Analyst Downgrade Matches $72 Per Share Offer

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