BioCentury
ARTICLE | Finance

Angel to public

Organovo reverse-merges, raises $6.5M to develop bioprinting tech

February 20, 2012 8:00 AM UTC

Bioprinting play Organovo Holdings Inc. (OTCQX:ONVO) jumped directly from angel investment to the public markets to avoid a large, dilutive VC round.

The biotech, which was formed in 2007 and has raised $3 million from angels, reverse-merged last week into a publicly listed shell company and completed a $6.5 million private placement...