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Novoheart Holdings

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uuid003dxk7

Namestring
Novoheart Holdings
Legal namestring
Novoheart Holdings Limited
Websiteurl
novoheart.com
Company typeenum
Private
Founded yearint
2014
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersVancouver, Canada
HQ citystring
Vancouver
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
stem cell bioengineering, cardiac drug discovery, cardiotoxicity screening, disease modeling services, preclinical research services
Industry4 codes
1In Vitro Model Systems & Organoid Platforms (iPSC/organoids, microphysiological systems)
CodeHLAAAIAJPrimaryYes
2Organoids & Organ-on-Chip (regenerative models)
CodeHLAAAGADPrimaryNo
3AI/ML-Enabled Biologic Discovery Platforms (computational design, in silico screening)
CodeHLAAAIAEPrimaryNo
4High-Throughput Screening & Assay Platforms (HTS/HCS, phenotypic screening)
CodeHLAAAIAAPrimaryNo
NAICS code4 codes
  • Research and Development in Biotechnology (except Nanobiotechnology)541714
  • Analytical Laboratory Instrument Manufacturing334516
  • Scientific Research and Development Services5417
  • Biological Product (except Diagnostic) Manufacturing325414
SIC code3 codes
  • Services-Commercial Physical & Biological Research8731
  • Laboratory Analytical Instruments3826
  • In Vitro & In Vivo Diagnostic Substances2835
Product category
Stem Cell Bioengineering
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model4 records
1mini-Heart Products
TypeHardware Sales
Description

Sale of do-it-yourself kits for engineering 2D/3D human heart tissues, instruments and hardware for automation, and software packages. Products include hvCM differentiation kits, CTS/CAS/COC fabrication kits, CTScreen System, COScreen System, and associated consumables and maintenance media.

novoheart.com
2Contract Research Services
TypeProfessional Services
Description

Customized pharmaceutical drug development services, drug discovery, and R&D consultation services related to new disease models and therapeutics. Services include stem cell differentiation, engineered tissue assays, cardiotoxicity screening, disease modeling, and efficacy studies. Timeline varies from 1 to 12 months depending on scope.

novoheart.com
3Disease Modeling Services
TypeProfessional Services
Description

Preclinical human-specific electrophysiology, arrhythmia, contractility, and pressure-volume data for specified disease models to help advance therapeutic candidates toward regulatory approval.

novoheart.com
4Gene Therapy Development Support
TypeProfessional Services
Description

Supporting gene therapy clinical development through human cardiac models that led to FDA IND approval and Fast Track Designation for clinical trials.

nasdaq.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Novoheart engineers bioartificial human heart tissues from human pluripotent stem cells and sells them, along with related instruments, software, and contract research services, to pharmaceutical and biotechnology companies for drug discovery, disease modeling, and cardiotoxicity screening. Its mini-Heart Platform encompasses four engineered tissue formats (hvCMs, hvCTS, hvCAS, hvCOC 'Human Heart-in-a-Jar'), supported by the CTScreen and COScreen hardware instruments with proprietary software, do-it-yourself fabrication kits, and the broader mini-Life Platform linking multiple mini-organs. It also delivers customized drug discovery, disease modeling, and efficacy study services under 1–12 month timelines.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • 100% accuracy for negative inotropic effects, 86-100% accuracy for positive inotropic effects, 80-100% for null inotropic effects in blinded Pfizer screening study
+2 more records
Product overview1 text field

Novoheart offers the mini-Heart Platform, a suite of 4 advanced engineered-tissue formats (hvCMs, hvCTS, hvCAS, hvCOC/Heart-in-a-Jar) fabricated from human stem cell-derived cardiomyocytes for assessing specific cardiac functional outputs. The company also provides the broader mini-Life Platform including other mini-organs (liver, immune, vascular, lung, gut, bile). Novoheart's products range from single-cell products (hvCMs) and do-it-yourself tissue fabrication kits to complete turnkey instrument systems (CTScreen, COScreen) with proprietary software. Services include disease modeling, cardiotoxicity screening, and custom drug discovery using these human cardiac tissue models. Data from the platform has successfully led to IND applications and Fast Track Designation from the FDA.

Scale indicator8 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Partnership with Pfizer's Global Safety Pharmacology Unit and Rare Disease Unit. Conducted double-blinded drug screening study using mini-Heart technology with 25 cardioactive compounds. Co-developed first in vitro model of Friedreich's ataxia cardiomyopathy using patient-derived cells, capturing electrical and mechanical defects. Co-published results in 2019.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Partnership to co-develop first human mini-Heart model of Heart Failure with preserved Ejection Fraction (HFpEF). Built preclinical human models to understand disease mechanism and predict effects of potential medicines. This collaboration identified a novel therapeutic target that advanced to clinical trials. AstraZeneca provided testimonial for the partnership.

Strategic tierSecondaryTypeStrategic or Co-development Partner
Description

Contract with Amgen in 2018 to develop high-throughput cardiac contractility screening system. Designed and developed 96-well microplate (96-well μCTS) for screening hundreds of drugs using engineered human ventricular Cardiac Tissue Strips. First prototype completed in 2020 with ongoing development of next-generation version for robotic handling.

Strategic tierSecondaryTypeStrategic or Co-development Partner
Description

Academic collaboration using patented maturation technology for driving maturation of stem cell-derived heart cells without genetic manipulation. Part of ongoing research partnerships for advancing cardiac tissue engineering.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Wholly owned subsidiary of Medera Group focused on novel gene and cell therapies for incurable diseases. Sardocor uses Novoheart's mini-Heart data to support gene therapy IND applications. Three ongoing gene therapy clinical trials for HFpEF, HFrEF, and DMD-related Cardiomyopathy. Sardocor provides one-stop platform access to clinical trial expertise and cGMP manufacturing.

Recent move2 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

InSphero offers 3D microtissue organoid platforms across liver, pancreas, and other tissues for drug discovery, a broader portfolio than Novoheart's cardiac-centric offering but serving similar pharma safety/efficacy use cases.

2CytoPlex
TypeEmerging player
Description

CytoPlex is developing human organoid and tissue platforms for preclinical drug testing, with early-stage overlap in cardiac and multi-organ disease modeling relevant to Novoheart's roadmap.

TypeBroad incumbent
Description

Emulate's organ-on-chip platform spans multiple organs and is used by large pharma for preclinical testing, competing in the same human-relevant in vitro model category as Novoheart with deeper capital and broader pharma penetration.

TypeBroad incumbent
Description

Organovo develops 3D bioprinted human tissues for preclinical research and drug discovery, overlapping with Novoheart's engineered tissue approach while operating more broadly across tissue types.

TypeDirect peer
Description

Ncardia develops iPSC-derived cardiac cell models and assays for preclinical cardiac safety and efficacy testing, directly overlapping Novoheart's hvCM and disease modeling services for pharma drug discovery.

TypeBroad incumbent
Description

Charles River is a major preclinical CRO offering cardiac safety assessment and broader drug discovery services, representing the incumbent scale alternative to Novoheart's specialty cardiac platform.

TypeOthers
Description

Medera is Novoheart's parent holding company and a strategic platform for gene and cell therapies via Sardocor; relevant as the integrated owner that consolidates Novoheart's disease modeling with downstream clinical development.

TypeDirect peer
Description

Axol Bioscience supplies iPSC-derived cardiomyocytes and other human cell types for disease modeling and drug screening, overlapping Novoheart's hvCM product line and serving the same pharma and academic customers.

TypeDirect peer
Description

Tara Biosystems engineered human cardiac tissue models for drug discovery and cardiotoxicity screening, closely paralleling Novoheart's hvCTS and hvCAS assays and pharma co-development model.

TypeDirect peer
Description

Nanion provides cardiac safety screening instruments (e.g., electrophysiology and contractility platforms) used for cardiotoxicity testing, competing with Novoheart's CTScreen and COScreen instrument systems.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers4 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

API detail
Has APIbool
No

Docs URL, Description

AI capability4 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature9 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Novoheart Holdings

Stem Cell Bioengineeringnovoheart.com

Novoheart Holdings firmographics

Firmographics
Name
Novoheart Holdings
Legal name
Novoheart Holdings Limited
Website
https://novoheart.com
Company type
Private
Founded year
2014
Operating status
Operating
Headcount range
51–100 employees
Ownership category
akta.pro rank

Novoheart Holdings industry classification

Industry
Product category
Stem Cell Bioengineering
NAICS
Research and Development in Biotechnology (except Nanobiotechnology) (541714), Analytical Laboratory Instrument Manufacturing (334516), Scientific Research and Development Services (5417), Biological Product (except Diagnostic) Manufacturing (325414)
SIC
Services-Commercial Physical & Biological Research (8731), Laboratory Analytical Instruments (3826), In Vitro & In Vivo Diagnostic Substances (2835)
akta.pro primary industry
In Vitro Model Systems & Organoid Platforms (iPSC/organoids, microphysiological systems) (HLAAAIAJ)
akta.pro secondary industries
Organoids & Organ-on-Chip (regenerative models) (HLAAAGAD), AI/ML-Enabled Biologic Discovery Platforms (computational design, in silico screening) (HLAAAIAE), High-Throughput Screening & Assay Platforms (HTS/HCS, phenotypic screening) (HLAAAIAA)

Keywords

  • Stem cell bioengineering
  • Cardiac drug discovery
  • Cardiotoxicity screening
  • Disease modeling services
  • Preclinical research services

Where Novoheart Holdings is headquartered

Location

Headquarters

HQ city
Vancouver
HQ country
Canada
HQ region
North America

Offices4 records

Markets served

Novoheart Holdings business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

  1. mini-Heart Products: Sale of do-it-yourself kits for engineering 2D/3D human heart tissues, instruments and hardware for automation, and software packages. Products include hvCM differentiation kits, CTS/CAS/COC fabrication kits, CTScreen System, COScreen System, and associated consumables and maintenance media.
  2. Contract Research Services: Customized pharmaceutical drug development services, drug discovery, and R&D consultation services related to new disease models and therapeutics. Services include stem cell differentiation, engineered tissue assays, cardiotoxicity screening, disease modeling, and efficacy studies. Timeline varies from 1 to 12 months depending on scope.
  3. Disease Modeling Services: Preclinical human-specific electrophysiology, arrhythmia, contractility, and pressure-volume data for specified disease models to help advance therapeutic candidates toward regulatory approval.
  4. Gene Therapy Development Support: Supporting gene therapy clinical development through human cardiac models that led to FDA IND approval and Fast Track Designation for clinical trials.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Novoheart Holdings product offering

Product offering

Core offering

Novoheart engineers bioartificial human heart tissues from human pluripotent stem cells and sells them, along with related instruments, software, and contract research services, to pharmaceutical and biotechnology companies for drug discovery, disease modeling, and cardiotoxicity screening. Its mini-Heart Platform encompasses four engineered tissue formats (hvCMs, hvCTS, hvCAS, hvCOC 'Human Heart-in-a-Jar'), supported by the CTScreen and COScreen hardware instruments with proprietary software, do-it-yourself fabrication kits, and the broader mini-Life Platform linking multiple mini-organs. It also delivers customized drug discovery, disease modeling, and efficacy study services under 1–12 month timelines.

Product overview

Novoheart offers the mini-Heart Platform, a suite of 4 advanced engineered-tissue formats (hvCMs, hvCTS, hvCAS, hvCOC/Heart-in-a-Jar) fabricated from human stem cell-derived cardiomyocytes for assessing specific cardiac functional outputs. The company also provides the broader mini-Life Platform including other mini-organs (liver, immune, vascular, lung, gut, bile). Novoheart's products range from single-cell products (hvCMs) and do-it-yourself tissue fabrication kits to complete turnkey instrument systems (CTScreen, COScreen) with proprietary software. Services include disease modeling, cardiotoxicity screening, and custom drug discovery using these human cardiac tissue models. Data from the platform has successfully led to IND applications and Fast Track Designation from the FDA.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

  • 100% accuracy for negative inotropic effects, 86-100% accuracy for positive inotropic effects, 80-100% for null inotropic effects in blinded Pfizer screening study
  • +2 more outcomes

Companies that use Novoheart Holdings

Customer profile

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Novoheart Holdings technology and API

Technology

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature9 records

Novoheart Holdings partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered core and secondary.

  • PfizercoreStrategic or Co-development PartnerPartnership with Pfizer's Global Safety Pharmacology Unit and Rare Disease Unit. Conducted double-blinded drug screening study using mini-Heart technology with 25 cardioactive compounds. Co-developed first in vitro model of Friedreich's ataxia cardiomyopathy using patient-derived cells, capturing electrical and mechanical defects. Co-published results in 2019.
  • AstraZenecacoreStrategic or Co-development PartnerPartnership to co-develop first human mini-Heart model of Heart Failure with preserved Ejection Fraction (HFpEF). Built preclinical human models to understand disease mechanism and predict effects of potential medicines. This collaboration identified a novel therapeutic target that advanced to clinical trials. AstraZeneca provided testimonial for the partnership.
  • AmgensecondaryStrategic or Co-development PartnerContract with Amgen in 2018 to develop high-throughput cardiac contractility screening system. Designed and developed 96-well microplate (96-well μCTS) for screening hundreds of drugs using engineered human ventricular Cardiac Tissue Strips. First prototype completed in 2020 with ongoing development of next-generation version for robotic handling.
  • Stanford UniversitysecondaryStrategic or Co-development PartnerAcademic collaboration using patented maturation technology for driving maturation of stem cell-derived heart cells without genetic manipulation. Part of ongoing research partnerships for advancing cardiac tissue engineering.
  • SardocorcoreStrategic or Co-development PartnerWholly owned subsidiary of Medera Group focused on novel gene and cell therapies for incurable diseases. Sardocor uses Novoheart's mini-Heart data to support gene therapy IND applications. Three ongoing gene therapy clinical trials for HFpEF, HFrEF, and DMD-related Cardiomyopathy. Sardocor provides one-stop platform access to clinical trial expertise and cGMP manufacturing.

Scale indicators8 records

Recent moves2 records

Expansion highlights5 records

Novoheart Holdings competitors and assessment

Company assessment

Broad incumbents

  • InSphero: InSphero offers 3D microtissue organoid platforms across liver, pancreas, and other tissues for drug discovery, a broader portfolio than Novoheart's cardiac-centric offering but serving similar pharma safety/efficacy use cases.
  • Emulate: Emulate's organ-on-chip platform spans multiple organs and is used by large pharma for preclinical testing, competing in the same human-relevant in vitro model category as Novoheart with deeper capital and broader pharma penetration.
  • Organovo: Organovo develops 3D bioprinted human tissues for preclinical research and drug discovery, overlapping with Novoheart's engineered tissue approach while operating more broadly across tissue types.
  • Charles River Laboratories: Charles River is a major preclinical CRO offering cardiac safety assessment and broader drug discovery services, representing the incumbent scale alternative to Novoheart's specialty cardiac platform.

Emerging players

  • CytoPlex: CytoPlex is developing human organoid and tissue platforms for preclinical drug testing, with early-stage overlap in cardiac and multi-organ disease modeling relevant to Novoheart's roadmap.

Direct peers

  • Ncardia: Ncardia develops iPSC-derived cardiac cell models and assays for preclinical cardiac safety and efficacy testing, directly overlapping Novoheart's hvCM and disease modeling services for pharma drug discovery.
  • Axol Bioscience: Axol Bioscience supplies iPSC-derived cardiomyocytes and other human cell types for disease modeling and drug screening, overlapping Novoheart's hvCM product line and serving the same pharma and academic customers.
  • Tara Biosystems (a Valo Health company): Tara Biosystems engineered human cardiac tissue models for drug discovery and cardiotoxicity screening, closely paralleling Novoheart's hvCTS and hvCAS assays and pharma co-development model.
  • Nanion Technologies: Nanion provides cardiac safety screening instruments (e.g., electrophysiology and contractility platforms) used for cardiotoxicity testing, competing with Novoheart's CTScreen and COScreen instrument systems.

Others

  • Medera (parent): Medera is Novoheart's parent holding company and a strategic platform for gene and cell therapies via Sardocor; relevant as the integrated owner that consolidates Novoheart's disease modeling with downstream clinical development.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Novoheart Holdings social profiles

Digital presence

Novoheart Holdings financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Novoheart Holdings leadership team

Management profile

Number of profiles

Novoheart Holdings funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Novoheart Holdings M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Novoheart Holdings

What does Novoheart Holdings do?

Novoheart engineers bioartificial human heart tissues from human pluripotent stem cells and sells them, along with related instruments, software, and contract research services, to pharmaceutical and biotechnology companies for drug discovery, disease modeling, and cardiotoxicity screening. Its mini-Heart Platform encompasses four engineered tissue formats (hvCMs, hvCTS, hvCAS, hvCOC 'Human Heart-in-a-Jar'), supported by the CTScreen and COScreen hardware instruments with proprietary software, do-it-yourself fabrication kits, and the broader mini-Life Platform linking multiple mini-organs. It also delivers customized drug discovery, disease modeling, and efficacy study services under 1–12 month timelines.

Is Novoheart Holdings a public or private company?

Novoheart Holdings is a private company. It is classified as corporate owned and is currently operating.

When was Novoheart Holdings founded?

Novoheart Holdings was founded in 2014. It employs 51 to 100 people.

Where is Novoheart Holdings based?

Novoheart Holdings is headquartered in Vancouver, Canada, in the North America region.

How does Novoheart Holdings make money?

Four revenue lines are on record. mini-Heart Products are the primary driver. The others are contract Research Services, disease Modeling Services and gene Therapy Development Support.

Who are Novoheart Holdings's main competitors?

Broad incumbents on record are InSphero, Emulate, Organovo and Charles River Laboratories. CytoPlex is listed as an emerging player. Direct peers are Ncardia, Axol Bioscience, Tara Biosystems (a Valo Health company) and Nanion Technologies. Medera (parent) is listed as an others.

Does Novoheart Holdings have an API?

No public API is recorded for Novoheart Holdings.

What industry is Novoheart Holdings in?

Novoheart Holdings's product category is Stem Cell Bioengineering. Its primary akta.pro industry code is HLAAAIAJ, In Vitro Model Systems & Organoid Platforms (iPSC/organoids, microphysiological systems), with a secondary code of HLAAAGAD, Organoids & Organ-on-Chip (regenerative models). Its NAICS code is 541714 and its SIC code is 8731.

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Live signals
GlobeNewswireMedera’s Novoheart and Curi Bio Partner to Transform Human-Based Cardiac Drug ScreeningMedera's Novoheart partnered with Curi Bio to integrate its human Heart-in-a-Jar cardiac model with Curi Bio's Pulse analytics platform for accelerated cardiac drug screening. The integration aims to improve efficiency by up to 100-fold and reduce time and cost, with initial access to select customers.GlobeNewswireMedera’s Novoheart Releases Latest Cardiac Screening Innovation CTScreen v1.5 to Advance High-Throughput, Automated Human-Based Drug TestingMedera's Novoheart launched CTScreen v1.5, an automated cardiac screening platform using 96-well bioengineered human heart tissues. AstraZeneca has adopted it for advancing cardiovascular drug R&D, with the system enabling high-throughput screening and cost reductions.PR NewswireMedera Announces Publication of Study Utilizing Machine Learning to Enhance Next-Generation Drug Screening with Human mini-Heart TechnologyMedera Inc., a clinical-stage biotechnology company, announced the publication of a peer-reviewed study in Pharmacological Research demonstrating how its wholly-owned subsidiary Novoheart is using AI and machine learning combined with human mini-Heart assays to improve drug screening and classification. The AI-driven model achieved 86.2% predictive accuracy in classifying unknown compounds, addressing a long-standing industry challenge where traditional methods result in over 90% clinical trial failure rates and development costs exceeding $2 billion per drug. The technology platform, which aligns with FDA Modernization Act 2.0 and aims to reduce reliance on animal testing, will be commercially available via Novoheart's software and hardware platforms for drug developers.PR NewswireMedera Announces Completion of Cohort A and Initiation of Dosing in Cohort B of MUSIC-HFpEF, a Phase 1/2a Clinical Trial Evaluating First-In-Human Gene Therapy SRD-002 for Heart Failure with PreservedMedera Inc. announced the successful completion of Cohort A (low-dose) and initiation of Cohort B (high-dose) dosing in its Phase 1/2a MUSIC-HFpEF clinical trial evaluating the first-in-human cardiac gene therapy candidate SRD-002 for Heart Failure with Preserved Ejection Fraction, following a Data Safety Monitoring Board recommendation. SRD-002 was well tolerated with no unexpected toxicities and showed promising efficacy signals at six months in Cohort A; enrollment in Cohort B is expected to complete in Q1 2025 with interim data readout anticipated in H1 2025. The therapy uses an AAV vector carrying SERCA2a delivered via Sardocor's intracoronary infusion method, with dosage optimization supported by Medera subsidiary Novoheart's bioengineered human mini-Heart HFpEF models developed in collaboration with AstraZeneca.GlobeNewswireNovoheart Holdings Inc. Receives Final Order Approving Going-Private TransactionNovoheart Holdings received final court approval on Nov. 13, 2020 for its going-private transaction with Novomed Limited. Shareholders will receive $0.53 per share, subject to TSXV approval. The deal is expected to close pending final exchange approval.GlobeNewswireNovoheart Holdings Inc. Receives Securityholder Approval of Going-Private TransactionNovoheart Holdings Inc. received securityholder approval for its going-private transaction with Novomed Limited, approved by 99.99% of votes cast. Shareholders will receive $0.53 per share, subject to TSXV and court approval, with a hearing scheduled for November 13, 2020.GlobeNewswireNovoheart Holdings Inc. Reports Second Quarter 2020 Financial ResultsNovoheart Holdings reported Q2 2020 results with a net loss of $1.9 million for the quarter and $4.7 million for six months. Revenue fell to $39,662 for the quarter, and the company highlighted a patent filing, a commercial contract, and a COVID-19 safety study.GlobeNewswireNovoheart Named 2020 Venture 50 Company, Ranked Among Year’s Top Performing Stocks in Life SciencesNovoheart was named a 2020 Venture 50 Company, ranking among the top 50 TSX Venture performers in clean technology and life sciences. The ranking was based on share price, trading volume, and market capitalization. The company also announced new agreements with Harvard, AstraZeneca, and other pharma partners.GlobeNewswireContinued Success of Novoheart to Receive R&D Grants:Novoheart's subsidiary received a further grant from Hong Kong's ITC, bringing total ITC grants to over HK$22 million. The new grant funds AI-enhanced drug screening using its MyHeart platform. The company expects to receive over HK$10 million in grants over the next two years.GlobeNewswireNovoheart Licenses Harvard Technology to Develop Next-Generation Human Heart-in-a-JarNovoheart received an exclusive license from Harvard University to integrate a valved bioreactor technology into its human heart-in-a-jar model. The next-generation model is expected to offer superior biofidelity and enhanced predictive accuracy for drug discovery and pre-clinical testing. The company anticipates broader commercial applications for its platform.