Dyne Therapeutics Shares Rise After Novartis Reaches Deal to Buy Avidity
Dow Jones
Oct 28, 2025
By Josh Beckerman
Dyne Therapeutics shares were higher Monday after Avidity Biosciences, a competitor developing drugs for neuromuscular disorders, agreed to be sold to Novartis for $12 billion.
Dyne shares rose 41% to $24.14 and are up about 2% this year.
Stifel said in a note that it expected Dyne shares to trade "meaningfully higher" after the Avidity announcement. It said it considers the Avidity deal "highly validating for the space."
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
October 27, 2025 13:22 ET (17:22 GMT)
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