RNA Stock Moves More Than 30% in a Week: What's Driving This Rally?

Key Takeaways Avidity shares jumped 36% after reports that Novartis is interested in acquiring the biotech.FT noted talks are in early stages with no guarantee of a deal and other suitors may emerge.Avidity develops RNA therapies for rare muscular diseases and has major pharma partnerships.Shares of Avidity Biosciences (RNA) have soared 36% in the past month, all thanks to a report issued by the Financial Times (FT), which stated that pharma giant Novartis (NVS) is interested in acquiring the company.Per th ...