VIVS says its lab-grown human tissue models help predict drug side effects and reduce reliance on animal testing
Technology is attracting drug developers working on gene therapies and antibody-based medicines - VIVS
As of last close, VIVS shares down ~54% YTD
Shares surge on forecast and milestone payment
Shares of biotech firm VivoSim Labs VIVS.O more than triple to $2.81 premarket
Company expects more than 500% revenue growth in fiscal 2027, driven by demand for its drug safety testing services
Says it received a $5 mln milestone payment from Eli Lilly LLY.N after the first patient was dosed in a mid-stage study of an inflammatory bowel disease drug LLY acquired from VivoSim
VivoSim can receive up to $45 mln in additional milestone payments tied to the drug's development and sales targets
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