Key Developments: Organovo Holdings Inc (ONVO.A)

ONVO.A on American Stock Exchange

2 Oct 2015
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Latest Key Developments (Source: Significant Developments)

Organovo Holdings Inc prices $40 mln public offering of common stock
Thursday, 18 Jun 2015 08:56am EDT 

Organovo Holdings Inc:Says sale of 9,425,000 shares of common stock in an underwritten public offering at a price to the public of $4.25 per share.Says it has granted the underwriters a 30-day option to purchase up to an additional 1,413,750 shares of common stock on the same terms and conditions.Gross offering proceeds to Organovo from the sale of the shares are expected to be $40,056,250, before deducting underwriting discounts and commissions and other estimated offering expenses and excluding any proceeds from the exercise of the underwriters' option.Offering is expected to close on or about June 23.Net proceeds from this offering for general corporate purposes, including research and development, the development and commercialization of its products, general administrative expenses, license or technology acquisitions, and working capital and capital expenditures.Jefferies LLC and Piper Jaffray & Co. are acting as joint book-running managers for the offering. Cantor Fitzgerald & Co. is acting as a co-manager for the offering.  Full Article

Organovo Holdings Inc collaborates with Yale team to develop 3-D Organ Tissues for Surgical Transplantation Research
Wednesday, 3 Dec 2014 08:05am EST 

Organovo Holdings Inc:Organovo Holdings, Inc and and Yale School of Medicine, Department of Surgery have formed collaboration to develop bioprinted tissues for surgical transplantation research, made possible by a generous gift from the Methuselah Foundation.At any given time, waiting lists for critical organ transplants are three to five times as long as the list of available organs.In addition, other transplantable tissues, such as blood vessels, lung, and bone, are also in high demand with few sources.  Full Article

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