Organovo Holdings Tuesday has completed the sale of its FXR program, including lead asset FXR314, to Eli Lilly and Company (LLY).
The transaction, finalized on March 25, 2025, grants Lilly full commercial and intellectual property rights for worldwide development.
Organovo receives an upfront payment and is eligible for milestone-based payments as FXR314 progresses through regulatory and commercial stages. Lilly will oversee all future clinical development.
Tuesday, LLY closed at $852.35, down 1.45%, and is currently trading after hours at $853.59, up 0.15% on the NYSE.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.