Avidity Biosciences Inc. (RNA) Appoints Arthur A. Levin to its Board

Avidity Biosciences, Inc. (Nasdaq: RNA), a biopharmaceutical company committed to delivering a new class of RNA therapeutics called Antibody Oligonucleotide Conjugates (AOCs™), today announced that Arthur A. Levin, Ph.D. has been appointed to the board of directors of the company and is transitioning from chief scientific officer into the role of distinguished scientist and strategic leader, remaining a key member of Avidity's team. W. Michael Flanagan, Ph.D., has been promoted from chief technical officer to chief scientific and technical officer.

"On behalf of Avidity's Board of Directors, we are grateful to Art for his scientific leadership, invaluable contributions in developing AOCs, life-long commitment to patients and dedication to our mission of revolutionizing the delivery of RNA therapeutics," said Troy Wilson, Ph.D., J.D., co-founder and chairman of the board of directors at Avidity Biosciences. "We are delighted to appoint Art to our Board of Directors, and we look forward to his continued scientific expertise and guidance as we grow Avidity, advance clinical development programs and expand the utility of the AOC platform."

"Art's vision, scientific expertise and leadership as our chief scientific officer has been instrumental in building the company that we are today. With his perseverance and scientific prowess, we were able to demonstrate the first ever successful targeted delivery of RNA into muscle, a revolutionary advancement for Avidity and the RNA field. It is my distinct pleasure and privilege to work alongside Art and to now have him as a valued member of our Board. On behalf of all of us here at Avidity, we extend our heartfelt thanks to Art for his enormous contributions to Avidity and the field of RNA," said Sarah Boyce, president and chief executive officer at Avidity. "We extend our congratulations to Mike on his promotion to chief scientific and technical officer. He has worked alongside Art for the last two years and is an instrumental leader within research and across Avidity. We look forward to his continued leadership in research and technical operations as we advance and expand our AOC programs."

"I am honored to be joining Avidity's prestigious board of directors and I look forward to making meaningful contributions in my new roles," said Dr. Levin. "It has been a great privilege to utilize my scientific and RNA industry knowledge to develop the AOC platform technology while building and leading such a highly skilled and successful research and development team. Mike has a unique blend of technical expertise in RNA therapeutics, antibody drug conjugates and management experience that are so important as Avidity expands the scope of its activities and the utility of the AOC platform. I look forward to working together with Sarah, Mike, the rest of the Avidity team and the Board as we continue to deliver on our mission to profoundly improve people's lives by revolutionizing the delivery of RNA therapeutics."

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