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Fly News Breaks for August 8, 2019
ONVO
Aug 8, 2019 | 07:23 EDT
H.C. Wainwright analyst Ed Arce downgraded Organovo Holdings to Neutral from Buy without a price target. To support the range of possible strategic options under consideration, the company is implementing a restructuring plan to significantly reduce expenses, including suspending development of its lead liver therapeutic tissue program, Arce tells investors in a research note. The analyst cites the "inherent uncertainty of this process and the ultimate outcome" for his downgrade to Neutral.
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