Avidity Biosciences

Avidity Biosciences

Research, development, and manufacturing of drug candidates which include antibody-sirna complexes. Learn more

Launch date
Employees
Market cap
$4.9b
Enterprise valuation
$3.6b (Public information from Sep 2024)
San Diego California (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues6.8m9.3m9.2m9.6m13.3m11.9m71.2m
% growth193 %37 %(1 %)4 %40 %(11 %)498 %
EBITDA(44.3m)(118m)(179m)(233m)(318m)(339m)-
% EBITDA margin(652 %)(1266 %)(1940 %)(2442 %)(2388 %)(2850 %)-
Profit(44.4m)(118m)(174m)(212m)(299m)(345m)(370m)
% profit margin(654 %)(1265 %)(1886 %)(2220 %)(2245 %)(2901 %)(520 %)
EV / revenue92.8x76.0x93.6x70.2x386.3x432.7x72.4x
EV / EBITDA-14.2x-6.0x-4.8x-2.9x-16.2x-15.2x-
R&D budget37.6m101m150m191m---
R&D % of revenue554 %1085 %1631 %1998 %---
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DateInvestorsAmountRound
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Early VC

$16.0m

Series B

$15.0m

Late VC

$100m

Series C
N/A

N/A

IPO
*
N/A

$207m

Post IPO Equity
*

$400m

Private Placement VC
*
N/A

$461m

Post IPO Equity
*
N/A

$345m

Post IPO Equity
Total Funding$531m

Recent News about Avidity Biosciences

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More about Avidity Biosciencesinfo icon
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Avidity Biosciences is at the forefront of developing a new class of oligonucleotide-based therapies known as Antibody Oligonucleotide Conjugates (AOCs). These therapies are designed to address the limitations of current oligonucleotide treatments, enabling the targeting of previously undruggable tissues and cell types. The company leverages its proprietary AOC platform to engineer and develop these innovative therapeutics. Avidity's initial focus is on muscle tissue, with a muscle disease franchise comprising five programs. The company operates in the biotechnology sector, primarily serving patients with serious diseases. Avidity's business model revolves around the research, development, and eventual commercialization of its proprietary therapies. Revenue is generated through partnerships, licensing agreements, and future sales of approved therapies.

Keywords: oligonucleotide, AOCs, muscle disease, biotechnology, therapeutics, proprietary platform, monoclonal antibodies, serious diseases, tissue selectivity, healthcare breakthroughs.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.