Organovo (PK: ONVO) Named to MIT Technology Review's 2012 TR50 List of the World's Most Innovative Companies

Orlando, FL 2/28/12 (StreetBeat) -- Organovo, Inc. (PinkSheets: ONVO) has been included in the 2012 TR50,Technology Review's annual list of the world's most innovative technology companies, for three-dimensional (3D) bioprinting technology. TR50 members are nominated by Technology Review's editors, who look for companies that over the last year have demonstrated original and valuable technology, are bringing that technology to market at a significant scale, and are clearly influencing their competitors. Spanning energy, computing, the Web, biomedicine, and materials, the companies on the list represent commercial innovations most likely to change lives around the world.

"Organovo is opening the door to a new realm of medical advances. The company's ability to print three dimensional tissue structures will lead to better testing of new drugs and may one day find direct applications in replacing damaged tissue in patients," said Jason Pontin, editor in chief and publisher of Technology Review.

Organovo is focused on breakthrough 3D bioprinting technology to create tissue on demand for research and medical applications. The company's NovoGen MMX BioprinterTM is part of a 3D human tissue generation platform that works across a broad array of tissue and cell types to recapitulate in vivo biology. Organovo's bioprinting technology has immediate applications in disease research, drug discovery and development, and toxicology testing. In the future, applications of this technology hold the promise to generate tissues for therapeutic uses.

"The immediate use of Organovo's 3D bioprinting technology is to create tissues to test drugs in a truly human biological environment and improve today's drug discovery and development for pharmaceutical and biotech companies," said Keith Murphy, chairman and CEO of Organovo. "We are driven to continue innovating the technology and working with leaders in the field to fulfill the promise of 3D bioprinting for research and medical applications."

Organovo will be presenting at RetailInvestorConferences.com, an interactive real-time virtual conference. The webcast will take place on March 1, 2012 at 10 a.m. PST.

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