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Novartis Nears Deal to Acquire Avidity Biosciences

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Swiss drugmaker Novartis AG is close to acquiring U.S. biotech Avidity Biosciences for over $70 per share, Bloomberg News reported on Sunday, citing a person familiar with the matter.

Reuters could not immediately confirm the report.

Reporting by Dheeraj Kumar in Bengaluru; Editing by Aidan Lewis

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Kayla Webster

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