Avalyn, in pursuit of better lung drugs, banks $300M in an IPO
Avalyn Pharma
Apr 30, 2026

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CareDx has acquired Naveris, a diagnostics imaging business in the U.S., for $160M. CareDx acquisitions expand into precision oncology blood-based monitoring, with Naveris specializing in HPV-driven cancer molecular residual disease (MRD) surveillance using TTMV DNA. Naveris’ NavDx liquid biopsy test detects and tracks viral DNA fragments to support non-invasive patient management across head and neck and anal cancer pathways. The strategic acquisition is structured as a platform acquisition with $160M up-front cash plus up to $100M in revenue-based milestones, and it is expected to close in Q3 2026 under customary conditions.
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Read full article on hitconsultant.netvia GN - entered into definitive agreement · April 29, 2026
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