There is a long waiting list for human patients in need of healthy organs, and a very limited supply. That is the premise for the bestselling novel Chromosome 6, where vital organs such as livers and kidneys are harvested from apes to sell on the black market. Thanks to the science being performed by Organovo Holdings (NSDQ: ONVO), the solution to this problem may be considerably less exotic. Soon, organ replacement may be as simple as bioprinting the required body tissue as shown in this video. Yes, it may sound farfetched but it may not be far off, either. Already, replacement tissue patches can be bioprinted and implanted in infected organs. Tests on small animals indicate these patches can prolong organ functionality for at least four months. For someone waiting on an organ donor list, those extra months could be the difference between life and death. Medical research companies like Organovo burn through cash quickly. Eventually, either the U.S. Food & Drug Administration (FDA) approves its treatment or the company goes out of business. It is too soon to say which way Organovo stock will go, but 2019 could be the year that determines its fate. See also: "Our Therapix Biosciences Stock Prediction in 2019 (Buy or Sell)" How Has Organovo Stock Performed? Organovo stock got off to a strong start after its initial public offering (IPO) in February 2012. Less than six months after ONVO began trading it shot up more than 600%. It quickly fell, and then jumped more than 800% early in 2014. What Is Organovo's Long Term Stock History? Since early 2014, it has been all downhill for Organovo stock. All of its early gains have been wiped out. Since its IPO seven years ago, ONVO is down 17% while the SPDR S&P 500 ETF (SPY) gained 130%. How Has Organovo Stock Performed Recently? Despite a brief surge last summer, Organovo stock did worse than the overall stock market in 2018. Shares of ONVO fell 28.6% for the year, compared to a 4.6% decline for the SPDR S&P 500 ETF (SPY). Who Are Organovo's Rivals? Most of Organovo's competitors are privately held and do not trade on an exchange. For that reason, there is no stock available for investors to own in those companies. However, there are two publicly traded companies that compete with Organovo stock for investor capital. Materialise NVS (NSDQ: MTLS) Materialise was founded in 1990 and is headquartered in Belgium. MTLS has a market cap of nearly $1 billion, more than four times greater than ONVO. Another difference; Materialise generates sales revenue and is profitable, unlike Organovo which is purely a research firm. However, the comparison is not entirely fair since bioprinting is only a small part of Materialise's product line. Materialise also sells hardware and software for several types of three-dimensional (3D) printing applications. In 2018, its manufacturing and software segments accounted for 72% of sales, with its medical group contributing 28% of total revenue. |
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