3-D Bioprinting Sector

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>>> Organovo on Track to Commercialize Kidney Tissue; Company Signs First Customer Orders for Kidney Tissue Early Access Program


July 20, 2016



http://finance.yahoo.com/news/organovo-track-commercialize-kidney-tissue-120500277.html



SAN DIEGO, July 20, 2016 (GLOBE NEWSWIRE) -- Organovo Holdings, Inc. (ONVO) (“Organovo”), a three-dimensional biology company focused on delivering scientific and medical breakthroughs using its 3D bioprinting technology, today announced that it is on track to commercialize its second tissue, the kidney proximal tubule, in the third calendar quarter of 2016. As part of its pre-commercialization activities, Organovo introduced an early access program for preferred partners and has signed the first customer orders to study the effects of drug exposure on the kidney proximal tubule. The Company has also actively engaged with additional biopharmaceutical companies, indicating strong interest in this program and its kidney tissue.


“The power and versatility of our technology platform allows us to create multiple tissues that address a number of different customer needs,” said Paul Gallant, general manager of commercial operations, Organovo. “Kidney is a natural expansion of our preclinical product and service portfolio, providing a better solution than traditional in vitro models for drug research. Our initial customers are using the kidney model to study key aspects of kidney pharmacology, including compound transport, metabolism and toxicity.”

Gallant continued, “With a robust sales footprint in place, and our ability to leverage the strong relationships we’ve built with core customers in the liver toxicology business, we’re confident that we’ve positioned ourselves for early success with the kidney tissue. We look forward to bringing this groundbreaking product to market in the coming months.”

About Organovo Holdings, Inc.

Organovo designs and creates functional, three-dimensional human tissues for use in medical research and therapeutic applications. The Company develops 3D human tissue models through internal development and in collaboration with pharmaceutical, academic and other partners. Organovo's 3D human tissues have the potential to accelerate the drug discovery process, enabling treatments to be developed faster and at lower cost. The Company’s initial product is the exVive3DTM Human Liver Tissue for use in toxicology and other preclinical drug testing. Additional products are in development, with the anticipated release of the exVive3D Human Kidney Tissue scheduled for the third quarter of calendar year 2016. The Company also actively conducts early research on specific tissues for therapeutic use in direct surgical applications. In addition to numerous scientific publications, the Company's technology has been featured in The Wall Street Journal, Time Magazine, The Economist, Forbes, and numerous other media outlets. Organovo is changing the shape of life science research and transforming medical care. Learn more at www.organovo.com.

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