MAA - Organovo Up On Cancelled Merger And Other News: The Good Bad And Ugly Of Biopharma
Organovo Calls Off Merger Agreement with Tarveda, Market Responds Positively
Organovo Holdings, Inc. (ONVO) reported that it has terminated its merger agreement with Tarveda Therapeutics Inc. The decision was taken in a reconvened special meeting where the company stockholders voted against the merger related proposal, leading to the company terminating the agreement in accordance with the terms and conditions stated therein. The stock market had positive reaction to the latest development as the company stock showed handsome gains. During the latest meeting, the stockholders approved the proposal to carry out a reverse stock