Apr. 11 at 9:46 AM
$ONVO Organovo — bought lows sold yesterday below
$3 unfortunately, rebuying now — spike from
$2 to
$3.6 (low-ish volume, albeit) was also due to this FDA new plan phasing out animal studies? 👇Due to Organovo’s organoid sold to LLY?
Btw + FDA roadmap attached to that PR https://www.fda.gov/media/186092/download :
👍 gives more color on the challenges (low predictivity and high NHP cost) and the alternative methods.
👍openness to new tools & models while maintaining the integrity. It guides more on the "reduce and refine" (e.g. 3-month GLP tox + NAMs), less on "replace".
👍GLP tox (dog & primate) is one of key milestones in preclinical dev. The blocker from NHP cost as well as availability seems to be what triggered this roadmap. The trade war made it much worse.
$XBI $XLV $BBC DNA CERT SLP SDGR CRL