The following is a summary of the Biora Therapeutics, Inc. (BIOR) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Biora Therapeutics reported Q4 operating expenses of $13.3 million, with G&A expenses of $6.3 million and R&D expenses of $5.5 million.

• The company incurred a net loss of $15.4 million for the quarter.

• The finance department achieved a significant reduction in debt, reducing the principal balance of notes from $132 million to roughly $51 million.

Business Progress:

• Biora received FDA clearance for their IND, beginning their BT-600 clinical trial.

• The NaviCap platform successfully delivered drugs to the colon, indicating potential for enhanced patient outcomes in ulcerative colitis.

• BT-600 clinical trial showed steady pharmacokinetics, signs of drug passage through colonic tissue, and lower plasma drug levels compared to traditional methods.

• A study involving ulcerative colitis patients is planned for H2 2024 to gather necessary information for future trials.

• Biora has over 100 granted patents and over 100 pending applications across their two platform technologies.

• The BioJet platform indicates potential for oral delivery of large molecules with improved bioavailability for peptide and antibody contenders.

• Biora initiated a new research collaboration with a major pharmaceutical company, expecting data from animal studies in the coming weeks.

• Biora is exploring the potential of drug BT-600 as a treatment for ulcerative colitis with minimized toxicity compared to current treatments.

• The planned study on UC patients in H2 2024 will involve testing BT-600.

• The upcoming trial's target population will consist of patients battling moderate to severe UC.

More details: Biora Therapeutics IR

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