Avidity Biosciences

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Revolutionizing the Delivery of RNA Therapeutics

San Diego, United States · Founded 2012 · $136.8M raised

Employees
201–500
Founded
2012
Business Model
B2B
Total Funding
$136.8M
Last Round
$5.8M Series ANov 2019
Rounds
5

About

Avidity Biosciences is a clinical-stage biopharmaceutical company headquartered in San Diego, California, focused on revolutionizing RNA therapeutics through its proprietary Antibody Oligonucleotide Conjugate (AOC) platform. AOCs combine the tissue selectivity of monoclonal antibodies with the precision of oligonucleotide therapies to target genetic drivers of diseases previously untreatable with RNA therapeutics. The company led the field with the first successful targeted RNA delivery into muscle tissue and has three clinical development programs for rare muscle diseases — myotonic dystrophy type 1 (DM1), facioscapulohumeral muscular dystrophy (FSHD), and Duchenne muscular dystrophy (DMD). Avidity was acquired by Novartis in February 2026.

Summary

Avidity Biosciences is a Biotech company based in San Diego, United States, founded in 2012. It has raised $136.8M in total across 5 rounds, most recently a $5.8M Series A round in Nov 2019. Investors include RTW Investments, Eli Lilly and Takeda (JP).

Tech & App Stack

2 technologies & apps tracked

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Funding History

Secondary MarketSecondary MarketFeb 2024
$400.0M

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Investors

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