MENLO PARK, CA and PARIS, FRANCE, February 1, 2016 – Avalanche Biotechnologies, Inc. (“Avalanche”) (Nasdaq: AAVL) and Annapurna Therapeutics SAS (“Annapurna”), a privately held biopharmaceutical company, today announced that they have entered into a definitive agreement providing for the acquisition of all outstanding shares of Annapurna by Avalanche in exchange for approximately 17.6 million newly issued shares of Avalanche common stock.

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