ONVO Organovo Holdings Inc

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 07, 2024

 

 

Organovo Holdings, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware			001-35996	27-1488943
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
11555 Sorrento Valley Rd Suite 100
San Diego, California				92121
(Address of Principal Executive Offices)				(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (858) 224-1000

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.001 par value		ONVO		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

---

Item 7.01 Regulation FD Disclosure.

 

Organovo Holdings, Inc. (the “Company”) is furnishing a corporate presentation, attached as Exhibit 99.1 to this Current Report on Form 8-K (the “Corporate Presentation”), which the Company intends to post on the Company’s website. The Corporate Presentation was presented at the Crohn’s & Colitis Congress in January 2024. The Corporate Presentation is current as of January 25, 2024, and the Company disclaims any obligation to update this material in the future.

The information in this Item 7.01, including the Corporate Presentation attached hereto as Exhibit 99.1, is being furnished under Item 7.01 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and it shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Number		Description
99.1		Corporate Presentation, dated January 25, 2024
104		Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL).

* * *

---

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Organovo Holdings, Inc.
Date:	February 7, 2024	By:	/s/ Keith Murphy
			Name: Keith Murphy Title: Executive Chairman

 

---

© Copyright 2024, Organovo Holdings, Inc. This report is solely for the use of intended audience. No part of it may be circulated, quoted, or reproduced for distribution outside the organization without prior written approval from Organovo Holdings, Inc. Evaluation of the Clinical Stage FXR Agonist FXR314 in Human Primary Cell 3D Models of Crohn’s Disease and Ulcerative Colitis Fabrice Piu, PhD Vice President, Research & Development Organovo Inc. Crohn’s & Colitis Congress Jan 25-27, 2024 – Las Vegas, Nevada Exhibit 99.1

---

Certain statements contained in this presentation or in other documents of Organovo Holdings, Inc. (the “Company” or “Organovo”) and of any of its affiliates, along with certain statements that may be made by management of the Company orally in presenting this material, are or may be considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historic or current facts. They use words such as "estimate," "expect," "intend," "believe," "plan," "anticipate," “potential,” “projected” and other words and terms of similar meaning in connection with any discussion of future operating or financial performance or condition. Organovo cautions that these statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Statements regarding future action, future performance and/or future results may differ from those set forth in the forward-looking statements. Market size estimates have been determined on the basis of market research and comparable product analysis, but no assurances can be given that such market size estimates will prove accurate. Because actual results are affected by potential risks, contingencies and uncertainties, the Company cautions investors that actual results may differ materially from those expressed or implied in any forward-looking statement. The Company assumes no obligation to update forward-looking statements as circumstances change. Investors are advised to consult further disclosures that the Company makes or has made on related subjects in the Company’s most recent periodic reports filed with the Securities and Exchange Commission, including Organovo’s Annual Report on Form 10-K for the year ended July 14, 2023 and subsequent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission, including the risk factors set forth in those filings. In presenting this material or responding to inquiries in connection with a presentation, management may refer to results, projections or performance measures that are not prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) as reported in the Company’s SEC filings. These results, projections or performance measures are non-GAAP measures and are not intended to replace or substitute for results measured under GAAP and are supplemental to GAAP reported results. Forward-Looking Statements

---

ONVO 3D Disease Models Can Enable Better Clinical Outcomes Organovo creates exceptional 3D models using bioprinting and other 3D tissue technologies Models created with cells isolated directly from IBD patients (Crohn’s Disease or Ulcerative Colitis, biologic naïve or exposed, varying disease severity) Models faithfully replicate various aspects of the IBD disease process and human biology Models can be used to identify new mechanisms of action, validate novel targets via testing of various entities (chemicals, SiRNAs, …), and study the effects of clinically approved treatment paradigms Testing of broad donor sets from a biobank allows to understand population response to a drug or to target modulation

---

ONVO Bioprinting Inflammatory Bowel Disease Model Cell expansion Intestinal Crypts Endothelial cells Smooth muscle cells Fibroblasts Cell Mixture Proprietary Media Matrix Multimodal Biocompatible Spatial control Complex Geometries Reproducible Scalable Cell dense Physiologically accurate biology

---

3D Bioprinting Recapitulates Cellular Organization of Diseased and Healthy Intestinal Cell Donors Polarized epithelium with functional tight junctions, transporters (P-gp, BCRP) Specialized epithelial cell types Physiological barrier function Diseased Healthy Villin / ECAD / DAPI BCRP / CK18 / DAPI © Copyright 2024, Organovo Holdings, Inc.

---

3D Models from IBD Patients Demonstrate Impaired Epithelial Barrier Function and Increased Inflammation and Fibrosis

---

FXR Agonism Is An Important Effector in IBD FXR is a nuclear hormone receptor critical for maintaining bile acid, lipid and intestinal homeostasis Studies in null mice demonstrate a protective role of FXR in IBD Human genetics studies have reported the existence of FXR SNP associated with intrahepatic cholestasis of pregnancy and IBD FXR SNP rs56163822 (FXR-1G->T) leads to reduces protein expression Patients with Crohn’s disease (CD) carrying the FXR-1G->T variant exhibit greater disease severity and earlier progression to surgery The biomarker of intestinal FXR activity, FGF19, is reduced in CD patients FXR protects mice from TNBS-induced colonic inflammation FXR variant causes increased disease severity Biomarker of FXR activity reduced in CD patients

---

FXR314 Potential Role in IBD – Study Design Evaluation of FXR314, a potent and selective non-bile acid FXR agonist Conducted in 3D models of IBD: Crohn’s disease: 5 human diseased donors Ulcerative colitis: 3 human diseased donors Endpoints: Target engagement: intestinal biomarker FGF19 Barrier permeability: FITC-Dextran 4 kDa (FD-4) Fibrosis: Procollagen type I N-terminal propeptide (P1NP)

---

Demonstrated Target Engagement by FXR314 in CD and UC Evaluated FGF19 a direct biomarker of intestinal FXR activity Potent and dose-dependent activation of FGF19 by FXR314 in all CD and UC donors Degree of activation varies between the different donors CD-014 CD-021 CD-023 CD-156 CD-185 Fold Act. 1.8 1.6 1.7 9.3 2.4 EC50 (nM) 100 70 54 71 53 UC-009 UC-088 UC-203 Fold Act. 5.9 3.4 3.9 EC50 (nM) 98 427 200 CD-014 CD-021 CD-023 CD-156 CD-185 UC-009 UC-088 UC-203

---

FXR314 Improves Barrier Integrity in CD and UC donors Intestinal permeability is determined by FD4 assay Diseased tissues (CD and UC) have intrinsically different baseline permeability values reflective of the disease state FXR314-induced decrease in barrier permeability observed in a subset of CD donors, and all UC donors Baseline Barrier Integrity FXR314 Treated Donors

---

FXR314 Improves Fibrosis in CD and UC donors Evaluated P1NP as a marker of fibrosis FXR314-induced decrease in fibrotic marker observed in all CD and UC donors CD Donors UC Donors

---

FXR314 MOA Linked to Epithelial Repair and Fibrosis Resolution Upstream of Anti-inflammatory Treatments FXR314

---

Conclusions Organovo 3D models (bioprinting and other tissue technologies) replicate various aspects of the IBD disease process and human biology 3D Models can be used to identify new mechanisms of action, validate novel targets, study the effects of clinically approved treatment paradigms and understand population response The potent non-bile acid FXR agonist FXR314 is effective in 3D models of Crohn’s Disease and Ulcerative Colitis: Demonstrated target engagement (FGF19) in all CD and UC donors Improvement of intestinal barrier function in a subset of CD donors, and all UC donors Improvement of fibrosis (P1NP marker) in all CD and UC donors A Phase 2 trial in Ulcerative Colitis is being planned

v3.24.0.1

Document And Entity Information	Feb. 07, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Feb. 07, 2024
Entity Registrant Name	Organovo Holdings, Inc.
Entity Central Index Key	0001497253
Entity Emerging Growth Company	false
Entity File Number	001-35996
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-1488943
Entity Address, Address Line One	11555 Sorrento Valley Rd
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	San Diego
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92121
City Area Code	(858)
Local Phone Number	224-1000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	ONVO
Security Exchange Name	NASDAQ

---