Organovo up 270% on FXR program deal with Lilly

25 February 2025

US pharma major Eli Lilly (NYSE: LLY) has announced a deal with San Diego-based Organovo Holdings (Nasdaq:ONVO), a biotech focused on developing novel treatment approaches in inflammatory bowel disease (IBD).

Following the announcement, shares in Organovo were trading a hefty 270% higher by lunchtime Tuesday.

The deal will see Lilly acquire Organovo’s FXR program, including its lead asset, FXR314.

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