Avidity Biosciences, Inc. Stock Price, News & Analysis

Avidity Biosciences (Nasdaq: RNA) announced participation in several major healthcare conferences, showcasing their innovative RNA therapeutic approach through Antibody Oligonucleotide Conjugates (AOCs™). Key events include a fireside chat at the SVB Leerink 11th Annual Global Healthcare Conference on February 18, a corporate panel at the Cowen 42nd Annual Health Care Conference on March 7, and another fireside chat at the Needham 21st Annual Healthcare Conference on April 12. Avidity aims to advance their clinical pipeline with AOC 1001 for myotonic dystrophy and additional therapies targeting muscular diseases.

Avidity Biosciences, Inc. (Nasdaq: RNA) announced a live webcast for investors titled "Volume 3: Delivering on AOCs - FSHD" on Dec. 9, 2021, at 11:00 am ET. The company highlighted AOC 1020 as its clinical development candidate for Facioscapulohumeral Muscular Dystrophy (FSHD), which is entering IND-enabling studies. Avidity plans to have three programs in clinical development by the end of 2022, including AOC 1001 for myotonic dystrophy and AOC 1044 for Duchenne Muscular Dystrophy. The MARINA study for DM1 continues with preliminary assessments expected in Q4 2022.

Avidity Biosciences (RNA) reported Q3 2021 financial results, highlighting a significant cash position of $413 million and positive advancements in its AOC pipeline. The initiation of the Phase 1/2 MARINA trial for AOC 1001 marks a transition to a clinical stage company, providing hope for myotonic dystrophy patients. Collaboration revenue increased to $2.2 million from $1.7 million in Q3 2020. However, R&D expenses surged to $24.8 million, up from $9.5 million in the prior year, indicating increased operational costs amid expanding clinical programs.

Avidity Biosciences (Nasdaq: RNA) announced the dosing of the first participants in the Phase 1/2 MARINA trial for its lead product candidate, AOC 1001, marking a significant milestone in RNA therapeutics. The trial targets myotonic dystrophy type 1 (DM1) and is designed to evaluate the safety and tolerability of AOC 1001, which aims to reduce levels of disease-related mRNA DMPK. AOC 1001 has received Orphan Designation from the FDA and EMA, with Fast Track Designation also granted by the FDA for expedited development.

Avidity Biosciences, Inc. (Nasdaq: RNA), a biopharmaceutical firm specializing in RNA therapeutics, will participate in two upcoming conferences. The Credit Suisse 30th Annual Healthcare Conference is scheduled for November 10, 2021, at 2:40 PM ET. Following that, the 4th Annual Evercore ISI HealthCONx Conference will take place on November 30, 2021, at 10:05 AM ET. Live webcasts and archived replays of both events will be available on the company’s website.

Avidity Biosciences, Inc. (Nasdaq: RNA) announced that the FDA granted Fast Track Designation to its lead program, AOC 1001, for treating myotonic dystrophy type 1 (DM1). This designation facilitates more frequent interactions with the FDA, expediting the development process for serious conditions. AOC 1001 aims to reduce DMPK mRNA levels, addressing the disease's root cause. The Phase 1/2 MARINA trial will evaluate the safety and tolerability of AOC 1001, enrolling around 44 adults. Currently, DM1 lacks therapeutic options, highlighting the significance of AOC 1001's advancement.

Avidity Biosciences, Inc. (NASDAQ: RNA) has announced its participation in two upcoming investor conferences. The Wells Fargo Virtual Healthcare Conference will take place on September 9, 2021, featuring a fireside chat at 11:20am ET. The Chardan Virtual 5th Annual Genetic Medicines Conference is scheduled for October 5, 2021, with a panel discussion at 12noon ET and a fireside chat at 1:30pm ET. Interested parties can access live webcasts and replays on Avidity's website.

Avidity aims to revolutionize RNA therapeutics through its Antibody Oligonucleotide Conjugates (AOCs™), with promising therapies in development for diseases like myotonic dystrophy and Duchenne Muscular Dystrophy.

Avidity Biosciences (Nasdaq: RNA) announced the appointment of Eric Mosbrooker to its board of directors, enhancing its commercial perspective as the company's pipeline matures. Mosbrooker brings extensive experience in global commercial operations, particularly in gene therapy and rare diseases. The press release also noted the departure of Roderick Wong from the board, who played a crucial role during the company’s IPO and early financing stages. Avidity's mission focuses on innovative RNA therapeutics, with lead candidate AOC 1001 moving towards clinical trials.

Avidity Biosciences, Inc. (Nasdaq: RNA) announced that the European Commission has granted orphan designation for AOC 1001, following the FDA's earlier designation. AOC 1001 targets myotonic dystrophy type 1 (DM1), offering potential benefits for patients suffering from this debilitating condition. The company has received FDA clearance to initiate the Phase 1/2 MARINA trial in the U.S. AOC 1001 aims to reduce disease-related mRNA levels and has shown promise in preclinical studies, demonstrating a favorable safety profile.