M&A Deal Summary

Novartis Acquires Avidity Biosciences

On October 26, 2025, Novartis acquired life science company Avidity Biosciences for 12.0B USD

Acquisition Highlights
  • This is Novartis’ 30th transaction in the Life Science sector.
  • This is Novartis’ largest (disclosed) transaction.
  • This is Novartis’ 28th transaction in the United States.
  • This is Novartis’ 8th transaction in California.

M&A Deal Summary

Date 2025-10-26
Target Avidity Biosciences
Sector Life Science
Buyer(s) Novartis
Deal Type Merger
Deal Value 12.0B USD
Advisor(s) Goldman Sachs
Barclays Investment Bank (Financial)
Kirkland & Ellis (Legal)

Target

Avidity Biosciences

San Diego, California, United States
Avidity Biosciences is a biotechnology company that develops oligonucleotide-based therapies using its proprietary antibody oligonucleotide conjugate platform. Avidity Biosciences was founded in 2012 and is based in San Diego, California.

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Buyer(S) 1

Buyer

Novartis

Basel, Switzerland

Category Company
Founded 1996
Sector Life Science
Employees104,323
Revenue 51.8B USD (2024)
DESCRIPTION
Novartis' corporate campus in Basel, Switzerland.
Novartis' corporate campus in Basel, Switzerland.

Novartis is a healthcare and pharmaceutical enterprise dedicated to advancing medical innovation and enhancing patient well-being. Renowned for its pioneering research and development efforts, Novartis has a comprehensive portfolio encompassing groundbreaking pharmaceuticals, generic medications, biosimilars, and eye care solutions. Novartis was founded in 1996 and is based in Basel, Switzerland.


DEAL STATS #
Overall 36 of 36
Sector: Life Science M&A 30 of 30
Type: Merger M&A Deals 3 of 3
State: California M&A 8 of 8
Country: United States M&A 28 of 28
Year: 2025 M&A 3 of 3
Size (of disclosed) 1 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-30 Regulus Therapeutics

San Diego, California, United States

Regulus Therapeutics is a biopharmaceutical company focused on the discovery and development of innovative medicines targeting microRNAs. Regulus Therapeutics was founded in 2007 and is based in San Diego, California.

Buy $800M