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To: RMP who wrote (2387)7/12/2013 2:56:42 PM
From: The Ox  Respond to of 8288
 
Thanks, I'll put them in a watch list.

If I find some time, I'll check into more of what they do....biotech co....



To: RMP who wrote (2387)7/12/2013 3:06:34 PM
From: The Ox  Respond to of 8288
 
Ah, you mentioned them before and I didn't put them into a watch list....shame on me!!



To: RMP who wrote (2387)8/2/2013 9:23:07 AM
From: The Ox  Read Replies (1) | Respond to of 8288
 
Organovo Holdings, Inc. ( ONVO) today announced the sale of 9,000,000 shares of its common stock in an underwritten public offering at a price to the public of $4.50 per share. The net offering proceeds to Organovo from the sale of the shares are expected to be approximately $37.7 million, after deducting underwriting discounts and commissions and other estimated offering expenses, but excluding any exercise of the underwriters' over-allotment option.

The Company anticipates using the 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.

The offering is expected to close on or about August 7, 2013, subject to customary closing conditions. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of common stock on the same terms and conditions, solely to cover over-allotments, if any.

Lazard Capital Markets LLC and Oppenheimer & Co. Inc. are acting as joint book-runners for the offering. JMP Securities LLC and Maxim Securities LLC are each acting as co-managers for the offering.