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flag Biora Therapeutics files for Chapter 11 bankruptcy to restructure and find a buyer.

flag Biora Therapeutics, a biotech firm developing smart pill-based treatments, has filed for Chapter 11 bankruptcy to restructure and seek a buyer. flag The company, which focuses on colon-targeted treatments and needle-free drug delivery, has secured $10.25 million in financing to support operations during the process. flag Biora aims to use the sale process to strengthen its financial position and advance its product development.

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