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April 15, 2014
08:12 EDTONVOOrganovo says recent reports contain inaccurate information
Organovo Holdings commented on recent reports published by two unaffiliated firms. Letter began: "Over the past two months, new and unknown firms have issued articles and reports on Organovo, without speaking to Organovo management for information or perspective on Organovo's business or opportunities. One firm appears to have been formed in February 2014 and has not issued any other reports other than on Organovo; the other firm has a mailing address at a virtual, rent-an-office. We have had the opportunity to review these reports in detail and can confirm that they contain inaccurate information and that they are exceptionally and likely intentionally misleading. Based on the source of the reports and the blatantly negative tone, we believe they were issued by or at the request of a short seller or short-sellers, who may profit from a decrease in Organovo's stock price following the issuance of these kinds of reports."
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