Acquisition PremiumNovartis' bid represents a 46% premium to Friday's closing stock price of $49.15 on October 24th, 2025, and a 62% premium to the 30-day VWAP of $44.42.
Pipeline PotentialRNA's pipeline is seen as having upside value due to the strength of clinical benefit, likelihood of approval, and rapidity of their path to market.
Strategic ExpansionThe acquisition underscores Novartis’ strategic intent to expand its neuroscience and rare disease portfolio, anchored by Avidity’s late-stage AOC pipeline.