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Novartis set to buy Avidity Biosciences for more than $10bn
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Why This Matters
Novartis is set to acquire Avidity Biosciences for over $10 billion, marking the largest acquisition under the leadership of CEO Vas Narasimhan. This deal is expected to expand Novartis' presence in the biotech industry. The acquisition is a significant move in the pharmaceutical sector.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Deal would be biggest acquisition under chief executive Vas Narasimhan
Original article published by
Financial Times
on October 26, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.