image
Healthcare - Biotechnology - NASDAQ - US
$ 30.64
5.36 %
$ 3.68 B
Market Cap
-10.6
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Mar, 2, 2025.

The intrinsic value of one RNA stock under the worst case scenario is HIDDEN Compared to the current market price of 30.6 USD, Avidity Biosciences, Inc. is HIDDEN

This DCF valuation model was last updated on Mar, 2, 2025.

The intrinsic value of one RNA stock under the base case scenario is HIDDEN Compared to the current market price of 30.6 USD, Avidity Biosciences, Inc. is HIDDEN

This DCF valuation model was last updated on Mar, 2, 2025.

The intrinsic value of one RNA stock under the best case scenario is HIDDEN Compared to the current market price of 30.6 USD, Avidity Biosciences, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS
FINANCIALS
9.56 M REVENUE
3.64%
-236 M OPERATING INCOME
-31.68%
-212 M NET INCOME
-21.97%
-119 M OPERATING CASH FLOW
12.63%
-130 M INVESTING CASH FLOW
31.53%
93.9 M FINANCING CASH FLOW
-72.89%
2.34 M REVENUE
14.23%
-98.1 M OPERATING INCOME
-18.77%
-80.4 M NET INCOME
-13.57%
-65.6 M OPERATING CASH FLOW
-0.94%
-482 M INVESTING CASH FLOW
-75.51%
342 M FINANCING CASH FLOW
-23.34%
Balance Sheet Avidity Biosciences, Inc.
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Current Assets 611 M
Cash & Short-Term Investments 595 M
Receivables 1.1 M
Other Current Assets 14.9 M
Non-Current Assets 17.2 M
Long-Term Investments 0
PP&E 16.7 M
Other Non-Current Assets 596 K
Current Liabilities 80.7 M
Accounts Payable 8.81 M
Short-Term Debt 14.8 M
Other Current Liabilities 57 M
Non-Current Liabilities 47.1 M
Long-Term Debt 6.21 M
Other Non-Current Liabilities 40.9 M
EFFICIENCY
Earnings Waterfall Avidity Biosciences, Inc.
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Revenue 9.56 M
Cost Of Revenue 2.1 M
Gross Profit 7.46 M
Operating Expenses 245 M
Operating Income -236 M
Other Expenses -23.4 M
Net Income -212 M
RATIOS
78.02% GROSS MARGIN
78.02%
-2464.41% OPERATING MARGIN
-2464.41%
-2219.87% NET MARGIN
-2219.87%
-42.38% ROE
-42.38%
-33.76% ROA
-33.76%
-41.87% ROIC
-41.87%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Avidity Biosciences, Inc.
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Net Income -212 M
Depreciation & Amortization 2.1 M
Capital Expenditures -4.23 M
Stock-Based Compensation 38.2 M
Change in Working Capital 61.1 M
Others 51.1 M
Free Cash Flow -123 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Avidity Biosciences, Inc.
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Wall Street analysts predict an average 1-year price target for RNA of $54.5 , with forecasts ranging from a low of $50 to a high of $59 .
RNA Lowest Price Target Wall Street Target
50 USD 63.19%
RNA Average Price Target Wall Street Target
54.5 USD 77.87%
RNA Highest Price Target Wall Street Target
59 USD 92.56%
4. DIVIDEND ANALYSIS
5. COMPETITION
6. Ownership
Insider Ownership Avidity Biosciences, Inc.
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Sold
0-3 MONTHS
5.15 M USD 7
3-6 MONTHS
18.2 M USD 6
6-9 MONTHS
25.3 M USD 5
9-12 MONTHS
10.2 M USD 3
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
4 weeks ago
Feb 03, 2025
Sell 189 K USD
Gallagher Kathleen P.
Chief Program Officer
- 5875
32.1563 USD
1 month ago
Jan 21, 2025
Sell 53.5 K USD
LEVIN ARTHUR A
Director
- 1872
28.5987 USD
1 month ago
Jan 21, 2025
Sell 46.4 K USD
MacLean Michael F
Chief Financial Officer
- 1622
28.5929 USD
1 month ago
Jan 21, 2025
Sell 47.6 K USD
MacLean Michael F
Chief Financial Officer
- 1665
28.5932 USD
1 month ago
Jan 21, 2025
Sell 49.7 K USD
McCarthy Teresa
Chief Human Resources Officer
- 1738
28.5931 USD
1 month ago
Jan 21, 2025
Sell 34.9 K USD
McCarthy Teresa
Chief Human Resources Officer
- 1221
28.5968 USD
1 month ago
Jan 21, 2025
Sell 110 K USD
Flanagan W. Michael
Chief Scientific Officer
- 3860
28.5967 USD
1 month ago
Jan 21, 2025
Sell 51.8 K USD
Flanagan W. Michael
Chief Scientific Officer
- 1812
28.592 USD
1 month ago
Jan 21, 2025
Sell 135 K USD
Boyce Sarah
President and CEO
- 4738
28.5932 USD
1 month ago
Jan 21, 2025
Sell 162 K USD
Boyce Sarah
President and CEO
- 5659
28.5946 USD
1 month ago
Jan 21, 2025
Sell 37 K USD
Gallagher Kathleen P.
Chief Program Officer
- 1295
28.59 USD
1 month ago
Jan 21, 2025
Sell 19.2 K USD
Gallagher Kathleen P.
Chief Program Officer
- 670
28.5953 USD
1 month ago
Jan 21, 2025
Sell 52 K USD
Gallagher Kathleen P.
Chief Program Officer
- 1817
28.593 USD
1 month ago
Jan 22, 2025
Sell 170 K USD
Gallagher Kathleen P.
Chief Program Officer
- 5629
30.1609 USD
1 month ago
Jan 21, 2025
Sell 54.8 K USD
Hughes Steven George
Chief Medical Officer
- 1915
28.5955 USD
1 month ago
Jan 21, 2025
Sell 58.1 K USD
Hughes Steven George
Chief Medical Officer
- 2032
28.5906 USD
2 months ago
Dec 18, 2024
Sell 416 K USD
Flanagan W. Michael
CSTO
- 12742
32.66 USD
2 months ago
Dec 18, 2024
Sell 364 K USD
MacLean Michael F
Chief Financial Officer
- 11151
32.66 USD
2 months ago
Dec 18, 2024
Sell 1.04 M USD
Boyce Sarah
President and CEO
- 31855
32.66 USD
2 months ago
Dec 18, 2024
Sell 364 K USD
McCarthy Teresa
Chief Human Resources Officer
- 11151
32.66 USD
2 months ago
Dec 16, 2024
Sell 832 K USD
McCarthy Teresa
Chief Human Resources Officer
- 25000
33.2642 USD
2 months ago
Dec 11, 2024
Sell 858 K USD
Flanagan W. Michael
CSTO
- 24000
35.7667 USD
3 months ago
Nov 18, 2024
Sell 1.03 M USD
McCarthy Teresa
Chief Human Resources Officer
- 25000
41.1408 USD
3 months ago
Nov 19, 2024
Sell 140 K USD
LEVIN ARTHUR A
Director
- 3323
42.1224 USD
3 months ago
Nov 06, 2024
Sell 629 K USD
MacLean Michael F
Chief Financial Officer
- 13875
45.3339 USD
3 months ago
Nov 06, 2024
Sell 1.26 M USD
MacLean Michael F
Chief Financial Officer
- 27262
46.2188 USD
4 months ago
Oct 21, 2024
Sell 233 K USD
LEVIN ARTHUR A
Director
- 5000
46.6335 USD
4 months ago
Oct 16, 2024
Sell 1.21 M USD
McCarthy Teresa
Chief Human Resources Officer
- 25000
48.5204 USD
4 months ago
Oct 07, 2024
Sell 1.35 M USD
Thompson Tamar
Director
- 30000
44.9753 USD
5 months ago
Oct 01, 2024
Sell 2.98 M USD
Flanagan W. Michael
CSTO
- 62500
47.6178 USD
5 months ago
Sep 23, 2024
Sell 579 K USD
McCarthy Teresa
Chief Human Resources Officer
- 13153
44.0004 USD
5 months ago
Sep 23, 2024
Sell 520 K USD
Flanagan W. Michael
CSTO
- 11847
43.8926 USD
5 months ago
Sep 23, 2024
Sell 579 K USD
Flanagan W. Michael
CSTO
- 13153
44.0004 USD
5 months ago
Sep 23, 2024
Sell 1.45 M USD
Boyce Sarah
President and CEO
- 32880
44.0001 USD
5 months ago
Sep 23, 2024
Sell 506 K USD
MacLean Michael F
Chief Financial Officer
- 11510
44 USD
5 months ago
Sep 19, 2024
Sell 229 K USD
LEVIN ARTHUR A
Director
- 5000
45.7316 USD
5 months ago
Sep 11, 2024
Sell 2.53 M USD
Flanagan W. Michael
CSTO
- 62500
40.4002 USD
5 months ago
Sep 11, 2024
Sell 1.37 M USD
Flanagan W. Michael
CSTO
- 34000
40.3987 USD
5 months ago
Sep 11, 2024
Sell 602 K USD
Flanagan W. Michael
CSTO
- 14894
40.3972 USD
5 months ago
Sep 11, 2024
Sell 1.01 M USD
McCarthy Teresa
Chief Human Resources Officer
- 25000
40.4017 USD
6 months ago
Aug 19, 2024
Sell 226 K USD
LEVIN ARTHUR A
Director
- 5000
45.1893 USD
6 months ago
Aug 06, 2024
Sell 1.21 M USD
Boyce Sarah
President and CEO
- 28000
43.3508 USD
7 months ago
Jul 19, 2024
Sell 225 K USD
LEVIN ARTHUR A
Director
- 5000
45.0138 USD
7 months ago
Jul 09, 2024
Sell 1.12 M USD
Boyce Sarah
President and CEO
- 28000
39.9315 USD
8 months ago
Jun 20, 2024
Sell 188 K USD
LEVIN ARTHUR A
Director
- 5000
37.5901 USD
8 months ago
Jun 18, 2024
Sell 386 K USD
McCarthy Teresa
Chief Human Resources Officer
- 9864
39.1294 USD
8 months ago
Jun 18, 2024
Sell 439 K USD
MacLean Michael F
Chief Financial Officer
- 11228
39.1294 USD
8 months ago
Jun 18, 2024
Sell 1.26 M USD
Boyce Sarah
President and CEO
- 32074
39.1295 USD
8 months ago
Jun 18, 2024
Sell 395 K USD
Flanagan W. Michael
CSTO
- 10106
39.1297 USD
8 months ago
Jun 12, 2024
Sell 3.72 M USD
MacLean Michael F
Chief Financial Officer
- 104245
35.7153 USD
8 months ago
Jun 12, 2024
Sell 1.4 M USD
LEVIN ARTHUR A
Director
- 40000
35.0657 USD
8 months ago
Jun 13, 2024
Sell 2.4 M USD
LEVIN ARTHUR A
Director
- 60000
40.0797 USD
8 months ago
Jun 12, 2024
Sell 3.57 M USD
Boyce Sarah
President and CEO
- 100000
35.7302 USD
8 months ago
Jun 13, 2024
Sell 6.58 M USD
Boyce Sarah
President and CEO
- 164233
40.076 USD
8 months ago
Jun 14, 2024
Sell 1.43 M USD
Boyce Sarah
President and CEO
- 35767
40.0784 USD
8 months ago
Jun 04, 2024
Sell 768 K USD
Boyce Sarah
President and CEO
- 28000
27.4207 USD
9 months ago
May 20, 2024
Sell 149 K USD
LEVIN ARTHUR A
Director
- 5000
29.8962 USD
9 months ago
May 14, 2024
Sell 2.12 M USD
MacLean Michael F
Chief Financial Officer
- 75000
28.2806 USD
9 months ago
May 07, 2024
Sell 715 K USD
Boyce Sarah
President and CEO
- 28000
25.5375 USD
10 months ago
Apr 19, 2024
Sell 114 K USD
LEVIN ARTHUR A
Director
- 5000
22.8246 USD
10 months ago
Apr 03, 2024
Sell 542 K USD
LEVIN ARTHUR A
Director
- 20000
27.1107 USD
11 months ago
Apr 02, 2024
Sell 735 K USD
Boyce Sarah
President and CEO
- 28000
26.2471 USD
11 months ago
Mar 19, 2024
Sell 120 K USD
LEVIN ARTHUR A
Director
- 5000
23.9695 USD
11 months ago
Mar 13, 2024
Sell 981 K USD
MacLean Michael F
Chief Financial Officer
- 40000
24.519 USD
11 months ago
Mar 12, 2024
Sell 551 K USD
LEVIN ARTHUR A
Director
- 25000
22.0366 USD
11 months ago
Mar 12, 2024
Sell 58.1 K USD
LEVIN ARTHUR A
Director
- 2641
22 USD
11 months ago
Mar 08, 2024
Sell 1.8 M USD
Boyce Sarah
President and CEO
- 84000
21.3894 USD
11 months ago
Mar 12, 2024
Sell 634 K USD
Boyce Sarah
President and CEO
- 28000
22.6315 USD
1 year ago
Mar 01, 2024
Sell 1.69 M USD
Boyce Sarah
President and CEO
- 84000
20.1346 USD
1 year ago
Jan 22, 2024
Sell 18.8 K USD
LEVIN ARTHUR A
Director
- 1859
10.13 USD
1 year ago
Jan 22, 2024
Sell 51.6 K USD
Boyce Sarah
President and CEO
- 5092
10.13 USD
1 year ago
Jan 22, 2024
Sell 41.8 K USD
Flanagan W. Michael
CSTO
- 4129
10.13 USD
1 year ago
Jan 22, 2024
Sell 20.9 K USD
McCarthy Teresa
Chief Human Resources Officer
- 2065
10.13 USD
1 year ago
Jan 22, 2024
Sell 16.4 K USD
MacLean Michael F
Chief Financial Officer
- 1616
10.13 USD
1 year ago
Mar 15, 2023
Sell 2.2 K USD
LEVIN ARTHUR A
Director
- 100
22.01 USD
2 years ago
Feb 14, 2023
Sell 224 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 9477
23.6246 USD
2 years ago
Feb 14, 2023
Sell 12.7 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 523
24.2381 USD
2 years ago
Feb 01, 2023
Sell 21.8 K USD
Boyce Sarah
President and CEO
- 900
24.2716 USD
2 years ago
Feb 02, 2023
Sell 1.12 M USD
Boyce Sarah
President and CEO
- 45879
24.3628 USD
2 years ago
Feb 03, 2023
Sell 78.1 K USD
Boyce Sarah
President and CEO
- 3221
24.26 USD
2 years ago
Jan 12, 2023
Sell 220 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 10000
22.0028 USD
2 years ago
Dec 29, 2022
Sell 881 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 40000
22.0142 USD
2 years ago
Aug 12, 2022
Sell 77.3 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 3499
22.0798 USD
2 years ago
Aug 12, 2022
Sell 308 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 14003
22 USD
2 years ago
Aug 15, 2022
Sell 1.38 M USD
LEVIN ARTHUR A
Chief Scientific Officer
- 62498
22.1182 USD
2 years ago
Aug 24, 2022
Sell 343 K USD
Boyce Sarah
President and CEO
- 14855
23.069 USD
2 years ago
Aug 15, 2022
Sell 2.25 K USD
Boyce Sarah
President and CEO
- 100
22.47 USD
3 years ago
Nov 18, 2021
Sell 697 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 25000
27.8887 USD
3 years ago
Aug 04, 2021
Bought 14.4 M USD
RTW INVESTMENTS, LP
10 percent owner
+ 800000
18 USD
3 years ago
Jun 25, 2021
Sell 488 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 17453
27.9703 USD
3 years ago
Jun 25, 2021
Sell 77.1 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 2647
29.1398 USD
3 years ago
Jun 24, 2021
Sell 2.78 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 100
27.755 USD
3 years ago
Jun 17, 2021
Sell 5.55 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 200
27.75 USD
3 years ago
Jun 14, 2021
Sell 363 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 14003
25.9174 USD
3 years ago
Jun 15, 2021
Sell 599 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 23019
26.0249 USD
3 years ago
Mar 16, 2021
Sell 128 K USD
LEVIN ARTHUR A
Chief Scientific Officer
- 4600
27.8655 USD
4 years ago
Jun 16, 2020
Bought 5.4 M USD
Cormorant Asset Management, LP
+ 300000
18 USD
4 years ago
Jun 16, 2020
Bought 17.1 M USD
RTW INVESTMENTS, LP
10 percent owner
+ 950000
18 USD
7. News
Avidity Biosciences Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) SAN DIEGO , Jan. 20, 2025 /PRNewswire/ -- Avidity Biosciences, Inc. (Nasdaq: RNA), a biopharmaceutical company committed to delivering a new class of RNA therapeutics called Antibody Oligonucleotide Conjugates (AOCs™), today announced that on January 20, 2025, the Human Capital Management Committee of Avidity's Board of Directors granted a non-qualified stock option award to purchase an aggregate of 10,500 shares of its common stock and 5,250 restricted stock units ("RSUs") to one (1) new non-executive employee under the Avidity Biosciences, Inc. 2022 Employment Inducement Incentive Award Plan (the "2022 Inducement Plan"). The awards were granted as inducements material to the employees entering into employment with Avidity in accordance with Nasdaq Listing Rule 5635(c)(4). prnewswire.com - 1 month ago
Avidity Biosciences Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) SAN DIEGO , Jan. 8, 2025 /PRNewswire/ -- Avidity Biosciences, Inc. (Nasdaq: RNA), a biopharmaceutical company committed to delivering a new class of RNA therapeutics called Antibody Oligonucleotide Conjugates (AOCs™), today announced that on January 6, 2025, the Human Capital Management Committee of Avidity's Board of Directors granted a non-qualified stock option award to purchase an aggregate of 80,000 shares of its common stock and 40,000 restricted stock units ("RSUs") to Charles Calderaro III, under the Avidity Biosciences, Inc. 2022 Employment Inducement Incentive Award Plan (the "2022 Inducement Plan"), in connection with Mr. Calderaro's hiring and appointment as Avidity's Chief Technical Officer. prnewswire.com - 1 month ago
Avidity Biosciences Plans First BLA Submission and Accelerates Commercialization Preparations for Three Rare Muscle Disease Programs in 2025 Accelerated approval path confirmed for del-zota; Biologics License Application (BLA) submission planned for year end 2025   On track to complete enrollment in del-desiran HARBOR TM Phase 3 and potential registrational del-brax biomarker cohort as well as initiate global pivotal trial for del-brax by mid-2025    Eric Mosbrooker expands role to Chief Commercial Officer; Charles Calderaro III, Chief Technical Officer, and Kat Lange, Chief Business Officer, join as company prepares for global commercialization and continued pipeline expansion   Avidity to present at 43rd Annual J.P. Morgan Healthcare Conference on Tuesday, January 14 SAN DIEGO , Jan. 8, 2025 /PRNewswire/ -- Avidity Biosciences, Inc. (Nasdaq: RNA), a biopharmaceutical company committed to delivering a new class of RNA therapeutics called Antibody Oligonucleotide Conjugates (AOCs™), today announced its progress and planning for a transformational year in 2025. prnewswire.com - 1 month ago
Avidity Biosciences Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) SAN DIEGO , Dec. 20, 2024 /PRNewswire/ -- Avidity Biosciences, Inc. (Nasdaq: RNA), a biopharmaceutical company committed to delivering a new class of RNA therapeutics called Antibody Oligonucleotide Conjugates (AOCs™), today announced that on December 20, 2024, the Human Capital Management Committee of Avidity's Board of Directors granted non-qualified stock option awards to purchase an aggregate of 720,400 shares of its common stock and 276,200 restricted stock units ("RSUs") to thirty-seven (37) new non-executive employees under the Avidity Biosciences, Inc. 2022 Employment Inducement Incentive Award Plan (the "2022 Inducement Plan"). The awards were granted as inducements material to the employees entering into employment with Avidity in accordance with Nasdaq Listing Rule 5635(c)(4). prnewswire.com - 2 months ago
Avidity Biosciences Advances With FDA Clearance And Promising Data For Rare Diseases Avidity Biosciences' AOC platform targets genetic diseases by combining monoclonal antibodies with oligonucleotide therapies, overcoming traditional delivery limitations. Del-brax (AOC 1020) for FSHD showed a 50% reduction in DUX4 gene expression, positioning it as a potential best-in-class therapy. Del-desiran (AOC 1001) for DM1 cleared the FDA's clinical hold, enabling progression to Phase 3 HARBOR trials with favorable regulatory designations. seekingalpha.com - 2 months ago
Avidity Biosciences to Participate in Upcoming Investor Conference SAN DIEGO , Nov. 26, 2024 /PRNewswire/ -- Avidity Biosciences, Inc. (Nasdaq: RNA), a biopharmaceutical company committed to delivering a new class of RNA therapeutics called Antibody Oligonucleotide Conjugates (AOCs™), today announced that Avidity management will be participating in the following upcoming conference: 7th Annual Evercore ISI HealthCONx Conference on December 3 at 9:30 a.m. PT / 12:30 p.m. prnewswire.com - 3 months ago
Avidity Biosciences Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) SAN DIEGO , Nov. 21, 2024 /PRNewswire/ -- Avidity Biosciences, Inc. (Nasdaq: RNA), a biopharmaceutical company committed to delivering a new class of RNA therapeutics called Antibody Oligonucleotide Conjugates (AOCs™), today announced that on November 20, 2024, the Human Capital Management Committee of Avidity's Board of Directors granted non-qualified stock option awards to purchase an aggregate of 117,000 shares of its common stock and 58,500 restricted stock units ("RSUs") to twelve (12) new non-executive employees under the Avidity Biosciences, Inc. 2022 Employment Inducement Incentive Award Plan (the "2022 Inducement Plan"). The awards were granted as inducements material to the employees entering into employment with Avidity in accordance with Nasdaq Listing Rule 5635(c)(4). prnewswire.com - 3 months ago
RNA Stock Hits Record High on Entering the Cardiac Disease Space Avidity Biosciences expands its pipeline to include two new drugs targeting rare genetic cardiomyopathies. zacks.com - 3 months ago
Avidity Bio Has Surged 416% This Year — And That's Before Today's 'Game-Changing' News Shares of Avidity Biosciences surged to a record high Wednesday after the company showed its hand in the cardiovascular space. The post Avidity Bio Has Surged 416% This Year — And That's Before Today's 'Game-Changing' News appeared first on Investor's Business Daily. investors.com - 3 months ago
Avidity Biosciences Announces New Precision Cardiology Development Candidates to Treat Rare Genetic Cardiomyopathies and Provides First Look at Next-Generation Technology Innovations Avidity expands  its leading RNA delivery technology into precision cardiology with two new wholly-owned development candidates targeting rare genetic cardiomyopathies: AOC 1086 to treat PLN Cardiomyopathy and AOC 1072 to treat PRKAG2 Syndrome AOC 1072 and AOC 1086 preclinical data demonstrated robust siRNA delivery to the heart and targeted knockdown with potent reduction of approximately 80% in cardiac PLN mRNA and PRKAG2 mRNA Avidity introduces next-generation technology innovations demonstrating improved siRNA delivery in skeletal muscle and increased durability in preclinical studies AOC 1072 preclinical data will be presented at American Heart Association (AHA) Scientific Sessions 2024 Volume 11 of virtual investor and analyst series today, Tuesday, Nov. 12 at 8:00 a.m. ET SAN DIEGO , Nov. 12, 2024 /PRNewswire/ -- Avidity Biosciences, Inc. (Nasdaq: RNA), a biopharmaceutical company committed to delivering a new class of RNA therapeutics called Antibody Oligonucleotide Conjugates (AOCs™), today announced it has expanded beyond rare skeletal muscle disorders and is opening up a new therapeutic field, precision cardiology, to address the root cause of genetic diseases of the heart. prnewswire.com - 3 months ago
Avidity Biosciences, Inc. (RNA) Reports Q3 Loss, Lags Revenue Estimates Avidity Biosciences, Inc. (RNA) came out with a quarterly loss of $0.65 per share versus the Zacks Consensus Estimate of a loss of $0.79. This compares to loss of $0.71 per share a year ago. zacks.com - 3 months ago
Avidity Biosciences Reports Third Quarter 2024 Financial Results and Recent Highlights Enrollment in global Phase 3 HARBOR™ study for del-desiran in DM1 is on track Avidity initiated biomarker cohort for del-brax FORTITUDE™ study for FSHD; pursuing a potential accelerated approval path for del-brax Reported positive del-zota data from Phase 1/2 EXPLORE44™ trial for DMD44 Avidity to provide a first look at precision cardiology candidates and a glimpse at next-generation technology innovations via webcast event November 12, 2024 SAN DIEGO , Nov. 7, 2024 /PRNewswire/ -- Avidity Biosciences, Inc. (Nasdaq: RNA), a biopharmaceutical company committed to delivering a new class of RNA therapeutics called Antibody Oligonucleotide Conjugates (AOCs™), today reported financial results for the third quarter ended September 30, 2024, and highlighted recent corporate progress. "We are executing three potentially registrational clinical trials in three rare diseases where there are limited or no therapeutic options available. prnewswire.com - 3 months ago
8. Profile Summary

Avidity Biosciences, Inc. RNA

image
COUNTRY US
INDUSTRY Biotechnology
MARKET CAP $ 3.68 B
Dividend Yield 0.00%
Description Avidity Biosciences, Inc., a biopharmaceutical company, engages in the development of oligonucleotide-based therapies. It develops antibody oligonucleotide conjugates (AOC) that are designed to treat a range of serious diseases. The company's lead product candidate AOC 1001 is used for the treatment of myotonic dystrophy type 1, a rare monogenic muscle disease; AOC 1044 for the treatment of Duchenne Muscular Dystrophy; and AOC 1020 designed to treat facioscapulohumeral muscular dystrophy which are in preclinical stage. It also offers Lumizyme therapy for Pompe diseases. Avidity Biosciences, Inc. was incorporated in 2012 and is headquartered in San Diego, California.
Contact 10578 Science Center Drive, San Diego, CA, 92121 https://www.aviditybiosciences.com
IPO Date June 12, 2020
Employees 253
Officers Prof. Mark E. Davis Ph.D. Scientific Founder, Member of Scientific Advisory Board and Member of Board of Managers Ms. Sarah Boyce President, Chief Executive Officer & Director Dr. Frank P. McCormick Ph.D. Scientific Founder & Member of Scientific Advisory Board Dr. W. Michael F. Flanagan Ph.D. Chief Scientific Officer Mr. Charles Calderaro III Chief Technical Officer Dr. Troy Edward Wilson J.D., Ph.D. Co-Founder & Independent Chairman Ms. Teresa McCarthy Chief Human Resources Officer Ms. Kathleen Gallagher Chief Program Officer Mr. Eric B. Mosbrooker Chief Commercial Officer Mr. John B. Moriarty Jr., ESQ., J.D. Chief Legal Officer & Corporate Secretary