RNA
Avidity Biosciences, Inc.71.97
+0.11+0.15%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
10.84BP/E (TTM)
-Basic EPS (TTM)
-4.19Dividend Yield
0%Recent Filings
8-K
Merger closes, spin-off distributes
Avidity Biosciences completed its merger with Novartis' subsidiary on February 27, 2026, converting shares into $72.00 cash. Pre-merger, it spun off cardiology assets to Atrium Therapeutics on February 26, distributing one Atrium share per ten Avidity shares to record holders. Trading halts; delisting follows. Public Avidity vanishes.
8-K
Stockholders approve Novartis merger
Avidity Biosciences stockholders overwhelmingly approved the merger with Novartis and spin-off of Atrium Therapeutics at the February 26, 2026 special meeting, with 123M votes for versus just 8K against on the key proposal—satisfying the closing condition. Quorum hit 80% of 155M eligible shares. Novartis acquisition now clears key hurdle.
10-K
FY2025 results
Avidity Biosciences posted FY2025 net losses of $684.6M, up sharply from $322.3M in FY2024, driven by $559M R&D spend (vs $304M) on clinical momentum: del-zota BLA path cleared post-pre-BLA; HARBOR Phase 3 fully enrolled with 54-week data H2'26; FORTITUDE biomarker topline Q2'26. Q4 accelerated with positive EXPLORE44-OLE data showing 25% normal dystrophin, >80% CK drop, functional gains vs natural history. Cash swelled to $1.7B post $837M equity raises, funding runway past 12 months. Novartis merger/distribution eyes H1'26 close. Clinical holds risk quarterly data readouts.
8-K
Adjourned meeting for SpinCo distribution
Avidity adjourned its special stockholder meeting from February 23 to February 26, 2026, buying time to meet SpinCo distribution conditions ahead of its Novartis merger. Distribution eyes February 26; merger close, February 27. Both hinge on stockholder approval and other conditions. Delays risk missing the timeline.
8-K
Spin-Off record date set
Avidity Biosciences set February 12, 2026, as the record date for spinning off its early-stage precision cardiology programs into Atrium Therapeutics. Shareholders get one SpinCo share per ten Avidity shares held. Spin-Off precedes the pending Novartis merger. Closings hinge on stockholder approval and regulatory nods.
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