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Stock impact report

Atrium spins out of Avidity, aiming to target rare heart diseases with RNA [Yahoo! Finance]

 (RNAM) 
Company Research Source: Yahoo! Finance
This story was originally published on BioPharma Dive . To receive daily news and insights, subscribe to our free daily BioPharma Dive newsletter A newly formed spinout of recently acquired Avidity Biosciences debuted Friday with plans to pick up some of its predecessor's work. Called Atrium Therapeutics , the startup is emerging four months after the $12 billion buyout of Avidity at the hands of Novartis. It's led by Avidity's former Chief Program Officer Kathleen Gallagher, chaired by its ex-CEO Sarah Boyce and will develop RNA medicines for rare heart conditions — research that wasn't involved in the Novartis deal. Avidity was one of many companies working on ways to broaden the reach of RNA drugs , which have historically been limited to targets in the liver. Its technology was designed to send RNA medicines into hard-to-reach muscle tissue, and yielded a trio of medicines in late-stage development for three different neuromuscular conditions. The company went public at $ Show less Read more
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