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.
SpinCo OpportunityAvidity plans to separate its early-stage precision cardiology programs into a new company, SpinCo, which provides a unique opportunity to disrupt the precision cardiology space with its antibody oligonucleotide conjugate (AOC) platform.
Strategic ExpansionThe acquisition underscores Novartis’ strategic intent to expand its neuroscience and rare disease portfolio, anchored by Avidity’s late-stage AOC pipeline.