Avidity Biosciences, Inc. Stock Price, News & Analysis

Avidity Biosciences (RNA) announced the appointment of W. Michael Flanagan, Ph.D., as Chief Technical Officer on January 21, 2021. Dr. Flanagan will guide the development strategy for Avidity's Antibody Oligonucleotide Conjugates (AOCs™) as they progress to clinical stages. With extensive experience in RNA therapeutics and monoclonal antibodies, Dr. Flanagan previously held leadership roles at Genentech and other notable companies. This leadership change aims to enhance Avidity’s pipeline and strengthen its innovative AOC technology, targeting serious diseases like myotonic dystrophy and Duchenne muscular dystrophy.

Avidity Biosciences announced the appointment of Tamar Thompson and Jean Kim to its Board of Directors, replacing Todd Brady and Michael Martin. Thompson brings expertise in health policy and market access, while Kim has over 20 years of experience in healthcare investment. The company aims to advance its Antibody Oligonucleotide Conjugates (AOCs) pipeline, with hopes of transforming treatments for serious diseases. Troy Wilson transitions to Chairman, highlighting leadership changes at a pivotal time for Avidity’s development.

Avidity Biosciences (RNA) announced significant pipeline updates and a new research collaboration with MyoKardia on January 8, 2021. Notably, AOC 1001 is set to enter Phase 1/2 studies for myotonic dystrophy type 1, marking a key milestone in the company’s development efforts. Also in 2021, Avidity will advance AOC FSHD into IND-enabling studies and expand its Duchenne muscular dystrophy programs targeting multiple mutations. This collaboration aims to explore AOCs in cardiac applications, furthering Avidity's strategic objectives.

Avidity Biosciences (Nasdaq: RNA) announced that CEO Sarah Boyce will present at the 39th Annual J.P. Morgan Healthcare Conference on January 14, 2021, at 12:40 PM PST. The event will be held virtually. A live webcast can be accessed on the company's website, with a replay available for 30 days.

Avidity is focused on developing Antibody Oligonucleotide Conjugates (AOCs^™), targeting serious diseases through its proprietary platform. Its lead candidate, AOC 1001, aims to treat myotonic dystrophy type 1, along with programs for various muscle diseases.

Avidity Biosciences (Nasdaq: RNA) has been added to the Nasdaq Biotechnology Index effective December 21, 2020. This index tracks biotechnology and pharmaceutical securities listed on the NASDAQ Stock Market. Avidity focuses on developing a new class of therapies called Antibody Oligonucleotide Conjugates (AOCs) to treat serious diseases. Their lead candidate, AOC 1001, targets myotonic dystrophy type 1. The company is headquartered in La Jolla, California, and aims to overcome the limitations of traditional oligonucleotide therapies.

Avidity Biosciences (RNA) reported Q3 2020 financial results, highlighting a strong cash position of $341 million, significantly up from $94.6 million at the end of 2019, thanks to its IPO. Collaboration revenue increased to $1.7 million from $0.7 million year-over-year, while R&D expenses rose to $9.5 million due to advancements in AOC 1001, aimed at treating myotonic dystrophy type 1. The company is focused on launching clinical studies for this therapy and expanding research into new tissues targeted by its innovative AOC platform.

Avidity Biosciences (Nasdaq: RNA) will present at the Credit Suisse 29th Annual Virtual Healthcare Conference 2020 on November 12, 2020, at 8:45 am PST. Sarah Boyce, the President and CEO, will lead the presentation in a virtual format. A live webcast will be available on the company's website, with an archived replay accessible for one year. Avidity is focused on developing innovative oligonucleotide-based therapies, including their lead candidate AOC 1001 for treating myotonic dystrophy type 1, as well as therapies for muscle atrophy and other serious diseases.

Avidity Biosciences, Inc. (Nasdaq: RNA), a biopharmaceutical company, will participate in the Chardan 4th Annual Genetic Medicines Conference 2020. The event is scheduled for October 5, 2020, at 12:45 pm PDT, featuring a fireside chat with key executives including CEO Sarah Boyce and CFO Mike MacLean. Additionally, Dr. Arthur Levin will join a panel on Small RNA Therapies on October 6, 2020, at 12:00 pm PDT. The conference will be held virtually, and a live webcast will be available on the company's website with a 90-day replay available.

Avidity Biosciences (Nasdaq: RNA) announced its participation in several virtual scientific meetings to present advancements in its novel Antibody Oligonucleotide Conjugates (AOCs™) platform. Key presentations include:

• TIDES USA 2020 on Sept. 16
• OTS 2020 on Sept. 28
• Next Generation Protein Therapeutics Summit on Nov. 5
• TIDES Europe on Nov. 13
• Neuromuscular Drug Development Summit on Dec. 3

CEO Art Levin highlighted AOC 1001's expected entry into Phase 1/2 trials for myotonic dystrophy type 1, aiming to address serious genetic diseases.