---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-218056"
form_type: "8-K"
ticker: "VIVS"
cik: "0001497253"
company_name: "VivoSim Labs, INC."
filed_at: "2023-08-22T23:59:59+00:00"
generated_at: "2026-06-11T05:35:37.394195+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Organovo reduces workforce by 24% and terminates General Counsel and CSO to focus on FXR314

## Summary
- Workforce reduced by ~6 employees (~24% of staff) effective Aug 25, 2023 to focus on clinical drug FXR314.
- Tom Jurgensen (General Counsel & Corporate Secretary) and Jeffrey Miner (CSO) terminated; last day Aug 25, 2023.
- Company expects to enter consulting agreement with Dr. Miner for post-termination services.
- Severance charges not yet estimable; will amend filing once determined.

## SEC filing metadata
- accession: 0001193125-23-218056
- form_type: 8-K
- ticker: VIVS
- cik: 0001497253
- company_name: VivoSim Labs, INC.
- filed_at: 2023-08-22T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1497253/000119312523218056/0001193125-23-218056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1497253/000119312523218056/d434452d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-218056
- JSON: https://secwatch.observer/filing/0001193125-23-218056.json
- Plain text: https://secwatch.observer/filing/0001193125-23-218056.txt

## Key facts
- Executive change
  Tom Jurgensen was terminated as General Counsel and Corporate Secretary at VivoSim Labs, INC..
  - Action: terminated
  - Role: General Counsel and Corporate Secretary
  source text: on August 16, 2023, Tom Jurgensen, the Company’s General Counsel and Corporate Secretary, and Jeffrey Miner, the Company’s Chief Scientific Officer, were each notified that his employment with the Company would be terminated.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1497253/000119312523218056/0001193125-23-218056-index.htm
- Executive change
  Jeffrey Miner was terminated as Chief Scientific Officer at VivoSim Labs, INC..
  - Action: terminated
  - Role: Chief Scientific Officer
  source text: on August 16, 2023, Tom Jurgensen, the Company’s General Counsel and Corporate Secretary, and Jeffrey Miner, the Company’s Chief Scientific Officer, were each notified that his employment with the Company would be terminated.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1497253/000119312523218056/0001193125-23-218056-index.htm
- Restructurings & Charges
  VivoSim Labs, INC. announced a restructuring (approximately six employees, which represents approximately 24% of its employees as of August 18, 2023).
  - Type: restructuring
  - Headcount: approximately six employees, which represents approximately 24% of its employees as of August 18, 2023
  source text: On August 18, 2023, Organovo Holdings, Inc. (the “Company”) announced to its employees a plan to reduce the Company’s workforce, effective August 25, 2023, by approximately six employees, which represents approximately 24% of its employees as of August 18, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1497253/000119312523218056/0001193125-23-218056-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.