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Stock impact report

Organovo's fatty liver disease drug meets main goal in mid-stage study [Reuters]

Organovo Holdings, Inc. (ONVO) 
NASDAQ:AMEX Investor Relations: organovo.com/about/contact/investor-relations
Company Research Source: Reuters
, opens new tab said on Monday its experimental drug to treat a type of fatty liver disease met the main goal in a mid-stage study, sending its shares up nearly 27% in premarket trade. The non-steroidal drug, FXR314, helped significantly reduce liver fat in patients with metabolic function-associated steatohepatitis (MASH), previously known as non-alcoholic steatohepatitis. FXR314 was also found to be safe and well-tolerated, Organovo said. The company expects to present detailed findings of the study at an upcoming conference. Keep up with the latest medical breakthroughs and healthcare trends with the Reuters Health Rounds newsletter. Sign up here. Reporting by Mariam Sunny in Bengaluru; Editing by Devika Syamnath Our Standards: The Thomson Reuters Trust Principles. New Tab , opens new tab Show less Read more
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