Avidity Biosciences Inc. (RNA) Announces Proposed $150M Share Offering

Go back to Avidity Biosciences Inc. (RNA) Announces Proposed $150M Share Offering

Avidity Biosciences, Inc. Announces Proposed Public Offering of Common Stock

December 15, 2022 7:00 AM EST

SAN DIEGO, Dec. 15, 2022 /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 it intends to offer and sell, subject to market and other conditions, $150 million of shares of its common stock in an underwritten public offering. In addition, Avidity intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the... More