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Biora Therapeutics Secures $10.25 Million Financing Agreement to Support Chapter 11 Sale Process
Dec 30, 2024•over 1 year ago
Contract Type
agreement
San DiegoBiotechnologyHealth CareTherapeuticsDescription
Biora Therapeutics has reached an agreement with certain prepetition creditors to secure up to $10.25 million in financing to support a chapter 11 sale process. This funding is expected to enable the company to continue its business operations and launch the next stage of product development.
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months