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Novartis acquiring US firm Avidity Biosciences for $12 bn
Novartis acquiring US firm Avidity Biosciences for $12 bn
Economy
by  AFP

Swiss pharmaceutical giant Novartis announced Sunday it had agreed to buy Avidity Biosciences, with the San Diego-based biopharmaceutical company being valued at $12 billion. Novartis, based in Basel in northern Switzerland, announced in April that it planned to invest $23 billion in the United States over five years. rjm/jj