Avidity Biosciences reports Q1 EPS (90c), consensus (88c)

Reports Q1 revenue $1.6M, consensus $2.62M. Cash, cash equivalents and marketable securities totaled approximately $1.4B as of March 31, 2025. “We continue to build on the consistent and reproducible data readouts from our platform across all three of our clinical programs for DMD44, DM1 and FSHD, and are executing on our transition to become a global commercial organization. In March 2025, we shared positive topline EXPLORE44(R) Phase 1/2 del-zota data demonstrating remarkable and consistent improvements across multiple measures including a substantial increase in dystrophin production and reduction in creatine kinase levels to near normal, which will support our planned BLA submission at year end 2025 and reinforces del-zota’s potential to become a groundbreaking treatment for people living with DMD44,” said CEO Sarah Boyce. “We look forward to delivering on multiple milestones this year and remain on track to share several key regulatory updates for del-brax in the second quarter that include a potential accelerated approval path in U.S., alignment on the design of the global Phase 3 trial and initiation of the trial. We are also planning to share topline del-brax data from the FORTITUDE dose escalation cohorts in Q2.”