Biora Therapeutics Successfully Completes Restructuring Process
Emerges as a privately held company, with long-term financing to accelerate development of the BioJet™ platform
SAN DIEGO, March 31, 2025 (GLOBE NEWSWIRE) -- Biora Therapeutics, a biotech company developing the first swallowable autoinjector, today announced the successful completion of its court-supervised restructuring. Through the restructuring process, Biora achieved an improved balance sheet with deleveraged debt and significant new financing to support the business going forward. Biora has emerged from the restructuring as a privately held company.
'Emergence marks a new beginning for us as a leaner, stronger, well-capitalized company with a mission to revolutionize the way biologic pharmaceuticals are delivered to patients,' said Adi Mohanty, Chief Executive Officer of Biora Therapeutics. 'We are now positioned to accelerate development of the BioJet platform, our orally ingestible liquid jet technology that can deliver industry-leading payloads of over 300 microliters in a commercially desirable format. We continue to expand relationships with our pharma collaborators for this ground-breaking technology, and our team is excited to complete testing with the updated, 00-size BioJet device.'
In connection with emergence, ownership of the company transitioned to certain of Biora's lenders, including Davidson Kempner Capital Management LP, Context Capital Management LLC, and funds managed by Highbridge Capital Management LLC. The company's existing common shares were cancelled, pursuant to the Plan of Reorganization. McDermott Will & Emery acted as Biora's legal counsel, MTS Health Partners was its investment banker, and Evora Partners, LLC its restructuring advisor.
About Biora TherapeuticsBiora Therapeutics is a biotech company developing the first swallowable autoinjector. Biora's BioJet™ platform is designed to replace injection with needle-free, oral delivery of macromolecules. BioJet is an ingestible drug-device combination that uses liquid jet injection to deliver drug into the submucosa of the small intestine.
BioJet technology is designed to autonomously deliver a wide range of molecules, including proteins, peptides, and nucleic acids. The ingestible injectable device delivers standard liquid drug formulations with a capacity of >300 microliters, enabling doses greater than 50 milligrams.
For more information, visit bioratherapeutics.com or follow the company on LinkedIn.
Media Contactmedia@bioratherapeutics.comSign in to access your portfolio
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
13 hours ago
- Business Upturn
Total Control 24: Inside Look at the TC24 Brazilian Jelly Formula for Men
Tallmadge, June 07, 2025 (GLOBE NEWSWIRE) — Total Control 24, a performance-focused supplement brand from Adem Naturals, has updated its official website to highlight its natural daily supplement designed to support sustained energy, focus, and productivity in adults. Now available across the United States, the once-daily capsule is intended for individuals seeking an easy-to-use, natural solution to help power through long workdays or physically demanding routines. According to the official website ( Total Control 24 is formulated to work in harmony with the body's internal systems to promote mental clarity, energy maintenance, and a more productive daily rhythm. The supplement is designed to support active lifestyles without requiring restrictive diets, stimulants, or complicated regimens. 'We created Total Control 24 to give people a clean, natural edge for staying energized and sharp throughout the day,' said a spokesperson for Adem Naturals. 'This product reflects our commitment to simplicity, transparency, and functional wellness.' The company affirms that Total Control 24 is manufactured in facilities that follow strict quality and safety protocols. The formulation is composed of carefully selected ingredients chosen to align with common adult wellness goals such as daytime focus, endurance, and healthy performance. As stated on the product website, Total Control 24 includes a satisfaction guarantee for new customers. Those interested in learning more about the product's intended uses or accessing exclusive promotions can find full details, customer support, and purchasing options online. About Total Control 24 Total Control 24 by Adem Naturals is a U.S.-based wellness brand focused on delivering natural, easy-to-use supplements that support everyday energy, focus, and stamina. The company emphasizes clean formulas, customer satisfaction, and practical wellness tools to help adults feel their best. Product and Contact Information Brand: Total Control 24 Website: Email: [email protected] Phone: 1 (814) 885-4823 (Monday through Friday) Mailing Address: Adem Naturals285 Northeast Ave Tallmadge, OH 44278
Business Upturn
13 hours ago
- Business Upturn
Nerve Freedom Supplement Launches Nationwide to Support Natural Nerve Health and Physical Comfort
Lakeland, June 07, 2025 (GLOBE NEWSWIRE) — Nerve Freedom , a newly introduced plant-based wellness supplement formulated to support nerve health and physical comfort, is now available nationwide. Designed for easy daily use, Nerve Freedom offers a natural solution for individuals looking to maintain everyday mobility and nerve-related wellness through holistic nutritional support. According to the official website, Nerve Freedom is crafted with a blend of carefully selected botanical and nutritional ingredients intended to promote a sense of comfort in hands, feet, and limbs. The product is manufactured in the United States in facilities that adhere to rigorous quality and safety protocols. The creators of Nerve Freedom emphasize their mission to provide an accessible, non-synthetic alternative for individuals navigating common lifestyle-related sensitivity or age-associated wellness challenges. The supplement integrates easily into any daily routine, requiring no complicated regimens or medical oversight. While specific details about the proprietary formula remain confidential, Nerve Freedom's natural composition aligns with the growing consumer preference for plant-based wellness options. The supplement does not contain artificial additives, and it is designed to support those interested in proactive approaches to long-term nerve wellness. Early interest in the product has grown rapidly, as individuals increasingly seek out natural alternatives that align with holistic health goals. As noted on the official website, several users report positive experiences with routine use, sharing feedback about enhanced daily comfort and ease of movement. Individual results may vary. Nerve Freedom is currently available for direct purchase online, with a satisfaction guarantee offered to first-time customers. The brand's commitment to transparency, customer care, and clean ingredient sourcing has positioned it as a promising new option in the natural wellness market. For more details about Nerve Freedom, including how to access the official video presentation and secure ordering options, visit the official website: About Nerve Freedom Nerve Freedom is a wellness supplement designed to support nerve health and overall comfort through a natural, plant-based formula. Manufactured in the U.S. under strict quality standards, the supplement offers a convenient daily approach for individuals pursuing proactive, holistic well-being. Media Contact:Nerve FreedomP.O. Box 90129Lakeland, FL 33804 Email: [email protected] Order Support: (877) 855-9829
Business Upturn
13 hours ago
- Business Upturn
HepatoBurn Announces Official Website Update Featuring Natural Daily Supplement for Metabolic Health and Liver Function
Taylor, June 07, 2025 (GLOBE NEWSWIRE) — HepatoBurn, a U.S.-based wellness brand, has updated its official website to share new information about its natural daily supplement formulated to support metabolic health and liver function in adults. Now available nationwide, the plant-based formula is positioned as a convenient, routine-friendly option for individuals seeking natural metabolic balance and detox support. According to the official product website ( HepatoBurn is designed to work synergistically with the body's internal systems to help maintain a healthy metabolism and support the liver's natural detoxification processes. The company emphasizes ease of use, noting that the supplement fits into everyday routines without the need for restrictive diets or complex wellness regimens. 'We created HepatoBurn to help individuals feel more energized, supported, and balanced,' said a company spokesperson. 'Our goal is to simplify wellness through science-backed, natural ingredients that integrate into daily life.' The company confirms that HepatoBurn is manufactured in U.S.-based facilities following rigorous safety and quality control standards. While the formula's specific ingredients are detailed on the official website, the product is crafted for adults seeking support with healthy energy levels, metabolic efficiency, and overall wellness. As stated on the site, first-time customers are backed by a satisfaction guarantee. Those interested in learning more about HepatoBurn, its intended benefits, and how to purchase directly can access full product details, FAQs, and secure ordering options through the official website. About HepatoBurn HepatoBurn is a Michigan-based wellness brand committed to delivering natural health supplements that are easy to use, transparent in formulation, and built for daily lifestyle integration. The company's mission is to help adults pursue optimal wellness through trustworthy, quality-driven solutions. Product and Contact Information Brand: HepatoBurn Website: Email: [email protected] Phone: +1 855-391-2736 Mailing Address: 22701 Trolley Industrial Dr Suite C, Taylor, MI 48180, USA Disclaimer This release is for informational purposes only and does not constitute medical advice, diagnosis, or treatment. The statements made about this product have not been evaluated by the Food and Drug Administration. Individual results may vary. Consumers should consult a qualified healthcare provider before beginning any new dietary supplement. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
