Organovo Completes Sale of FXR Program to Eli Lilly

MT Newswires Live

2025/03/25

Organovo (ONVO) said Tuesday that it has completed the sale of its farnesoid X receptor, or FXR, program to Eli Lilly (LLY).

The agreement was announced in February, with Organovo saying it will sell the FXR program for an upfront payment of $10 million and potential milestone payments of up to $50 million.

Eli Lilly has now acquired all commercial and intellectual property rights to the FXR program and will be responsible for its future clinical development.

Price: 2.92, Change: -0.07, Percent Change: -2.34

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