Organovo Holdings Inc: Rises on news of merger proposal

VivoSim Labs

02/10/2019 14:14

** 3D human tissue printer's shares  ONVO.O  up 6% at $0.28
premarket
    ** Viscient Biosciences submits merger proposal to combine
the two companies  urn:newsml:reuters.com:*:nACSW6PT2a
    ** Merger proposal involves issuance of new ONVO shares to
existing Viscient shareholders
    ** 43% of the combined company is expected to be owned by
company's existing shareholders and the balance by Viscient's
shareholders
    ** Both analysts covering ONVO rate the stock "hold"; Median
PT $3 - Refinitiv Eikon data
    ** ONVO shares down 72.4% YTD

 (Reporting by Dominic Roshan K.L. in Bengaluru)
 ((Dominic.RoshanKL@thomsonreuters.com;))