Avidity biosciences, inc. announces proposed public offering of common stock

San diego , june 12, 2024 /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, $300.0 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 $45.0 million of shares of common stock.
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