BUZZ-PepGen, Dyne rise after Novartis' $12 bln deal to buy rival Avidity

Reuters

10/27

** Shares of drug developer PepGen PEPG.O up 21% at $5.53, while Dyne Therapeutics DYN.O rise 37.5% at $23.54

** Rival Avidity Biosciences RNA.O on Sunday agreed to be acquired by Swiss drugmaker Novartis NOVN.S for about $12 billion in cash to bolster its portfolio of treatments for rare muscle disorders

** Pepgen and Dyne are also currently developing drugs to treat rare muscle disorders such as myotonic dystrophy type 1

** "We anticipate DYN to trade materially higher tomorrow given similar platform, not materially behind RNA and $2.4b cap"- RBC Capital Markets

** Including session moves, DYN up 1.8% and PEPG up 47.8% YTD

(Reporting by Sneha S K)

((Sneha.SK@thomsonreuters.com;))

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23:24</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-PepGen, Dyne rise after Novartis' $12 bln deal to buy rival Avidity</title></head><body><p>** Shares of drug developer PepGen <span>PEPG.O</span> up 21% at $5.53, while Dyne <a href=\"https://laohu8.com/S/LENZ\">Therapeutics</a> <span>DYN.O</span> rise 37.5% at $23.54 </p><p>** Rival <span>Avidity</span> Biosciences <span>RNA.O</span> on Sunday agreed to be acquired by Swiss drugmaker Novartis <span>NOVN.S</span> for about $12 billion in cash to bolster its portfolio of treatments for rare muscle disorders </p><p>** Pepgen and Dyne are also currently developing drugs to treat rare muscle disorders such as myotonic dystrophy type 1 </p><p>** \"We anticipate DYN to trade materially higher tomorrow given similar platform, not materially behind RNA and $2.4b cap\"- RBC Capital Markets </p><p>** Including session moves, DYN up 1.8% and PEPG up 47.8% YTD </p><p>(Reporting by Sneha S K)</p><p>((Sneha.SK@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4139","symbol_name":"生物科技","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251027:nL4N3W81AH:1","article_id":"2578236466","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2578236466","pubTimestamp":1761578674,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-PepGen, Dyne rise after Novartis' $12 bln deal to buy rival Avidity** Shares of drug developer PepGen PEPG.O up 21% 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