Avidity Biosciences, Inc., a biopharmaceutical company, engages in the delivery of RNA therapeutics called antibody oligonucleotide conjugates (AOCs). Its AOC platform is designed to combine the specificity of monoclonal antibodies with the precision of RNA therapeutics to target the root cause of diseases previously untreatable with such therapeutics. The company’s pipeline has three programs in registrational clinical trials, such as Delpacibart etedesiran, which is in Phase 3 development stage for the treatment of people with myotonic dystrophy type 1; Delpacibart braxlosiran that is in Phase 1/2 development stage for treating facioscapulohumeral muscular dystrophy; and Delpacibart zotadirsen, which is in the Phase 2 EXPLORE44 open-label extension study for the treatment of Duchenne muscular dystrophy. The company is also developing precision cardiology candidates targeting rare genetic cardiomyopathies, including AOC 1086 for phospholamban cardiomyopathy and AOC 1072 for protein kinase AMP-activated non-catalytic subunit gamma 2 syndrome. Avidity Biosciences, Inc. was incorporated in 2012 and is headquartered in San Diego, California.
Pipeline Progress | Explore Avidity's innovative RNA therapies targeting rare muscular disorders, with multiple candidates in late-stage trials and potential commercial launches on the horizon |
Financial Fortitude | Delve into Avidity's robust financial position, boasting $1.4 billion in cash and funding secured through mid-2027, supporting ambitious development goals |
Regulatory Roadmap | Learn about Avidity's strategic pursuit of accelerated approval pathways, potentially expediting time-to-market for key drug candidates in FSHD, DM1, and DMD |
Market Momentum | Analyst price targets range from $54 to $96, with a consensus recommendation of 1.38 (Strong Buy), reflecting optimism about Avidity's growth potential |
Metrics to compare | RNA | Sector Sector - Average of metrics from a broad group of related Healthcare sector companies | Relationship RelationshipRNAPeersSector | |
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P/E Ratio | −10.3x | −3.9x | −0.5x | |
PEG Ratio | 4.62 | −0.14 | 0.00 | |
Price/Book | 2.9x | 1.8x | 2.6x | |
Price / LTM Sales | 424.7x | 4.7x | 3.1x | |
Upside (Analyst Target) | 111.4% | 145.7% | 46.1% | |
Fair Value Upside | Unlock | 13.1% | 6.9% | Unlock |