Organovo Holdings Inc. (PINKSHEETS: ONVO) moved up following the announcement that the Company has entered into an assignment agreement with Mid Americas Group. As per it, the Company was to acquire all of the rights under an option agreement between Mid Americas Group and Gunter Stromber and Elsa Dorila Durate Horta, where Mid Americas has the rights to acquire 75% of certain mining concessions in China.
Organovo Holdings, Inc. (Organovo), formerly Real Estate Restoration & Rental, Inc., is a development-stage company. The Company has developed and is commercializing a platform technology for the generation of three-dimensional (3D) human tissues that can be employed in drug discovery and development, biological research, and as therapeutic implants for the treatment of damaged or degenerating tissues and organs.
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Cereplast, Inc. (OTCQB: CERP), a leading manufacturer of proprietary biobased, compostable and sustainable bioplastics, provided a shareholder update and an outlook for 2013.
Cereplast has created additional liquidity through the generation of approximately $500,000 in revenue over the last six weeks while continuing to focus on restructuring its operations to further position the Company for growth throughout 2013.
Cereplast, Inc. is engaged in developing and commercializing bio-based resins through two product families: Cereplast Compostables Resins, which are compostable, renewable, ecologically sound substitutes for petroleum-based plastics, and Cereplast Sustainables resins, which replaces up to 90% of the petroleum-based content of traditional plastics with materials from renewable resources.
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