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IBT expects M&A activity to continue after Avidity takeover

By Benjamin Chiou

Date: Monday 27 Oct 2025

(Sharecast News) - Shares in International Biotechnology Trust (IBT) were on the rise on Monday after Swiss pharma giant Novartis snapped up one of its portfolio companies for $12bn in cash.
San Diego-based Avidity Biosciences, which specialising in RNA therapies for serious, genetic neuromuscular diseases, was IBT's eighth-largest holding in the...

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