New York, New York, October 14, 2012 -- Organovo Holdings Inc (PINK:ONVO) shares increased 9.35% and closed at $2.34 in yesterday’s session. The company announced that it will begin trading on the highest OTC marketplace, OTCQX. Organovo upgraded from OTCQB to trade on the OTC market's prestigious marketplace, OTCQX U.S. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com .
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Invivo Therapeutics Holdings Corp(OTC:NVIV) shares jumped 23.45% and closed at $1.79 in the last trading session. NVIV and MassDevelopment announced that MassDevelopment has awarded NVIV a $2 million loan from its Emerging Technology Fund to help fund the commercialization of InVivo's groundbreaking technologies for the treatment of spinal cord injuries (SCI) and other neurotrauma conditions. The company will use the proceeds from this low cost, seven year term loan for general working capital purposes and to purchase equipment for the expansion of manufacturing and research capabilities at its new facility in Cambridge MA.
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OncoSec Medical Inc(OTC:ONCS) shares dropped 1.16% and closed at $0.340 in the previous trading session. The company announced the company will be presenting data at two upcoming medical conferences. Dr. Shailender Bhatia, assistant professor at the University of Washington School of Medicine, will be presenting preliminary clinical data from OncoSec's ongoing Phase II Merkel cell carcinoma trial at the 27th Annual Meeting of the Society for Immunotherapy of Cancer (SITC 2012), October 26-28, 2012, at the Bethesda North Marriott Hotel & Conference Center in North Bethesda, Maryland.
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OCZ Technology Group Inc.(NASDAQ:OCZ) shares plunged 20.97% to $1.47 in the previous trading session after Pomerantz Grossman Hufford Dahlstrom & Gross LLP has filed a class action lawsuit against OCZ Technology and certain of its officers. The class action filed in United States District Court, Northern District of California, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired the common stock of OCZ Technology between July 11, 2012 and October 11, 2012, inclusive (the "Class Period").
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AEterna Zentaris Inc. (USA)(NASDAQ:AEZS) stock plummeted 22.12% to $2.43 in yesterday’s session after the company announced the pricing of its previously announced public offering of 6.6 million units, with each unit consisting of one common share and 0.45 of a warrant to purchase one common share, at a purchase price of $2.50 per unit. Each warrant will be exercisable for a period of five years following the issuance thereof at an exercise price of $3.45 per share. Net proceeds from the Offering are expected to be approximately $15.2 million.
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