Progenity to Become Biora Therapeutics as it Completes Transformation
04/12/2022 - 09:00 AM
Upcoming Change Reflects the Company’s Focus on Oral Delivery of Biotherapeutics
SAN DIEGO, April 12, 2022 (GLOBE NEWSWIRE) -- Progenity, Inc. (Nasdaq: PROG), a biotechnology company innovating in the field of oral biotherapeutics for gastrointestinal health and beyond, today announced that it will change its name to Biora Therapeutics, Inc. during the second quarter of 2022, to better reflect the company’s focus on developing its pipeline for targeted and systemic oral delivery of biotherapeutics.
“As we complete our strategic transformation, we are launching Biora Therapeutics to reflect our mission going forward, which is to reimagine therapeutics and their delivery,” said Adi Mohanty, Chief Executive Officer. “By creating innovative smart pills designed for targeted drug delivery to the GI tract and for systemic, needle-free delivery of biotherapeutics, we are developing therapies to improve patients’ lives.”
Progenity expects the brand launch for Biora Therapeutics™ to coincide with the company’s Q1 2022 earnings call in May, and the company’s NASDAQ ticker symbol will also change from “PROG” to “BIOR” at that time. No action is needed from current stockholders. The company’s Class A common stock will continue to be listed on NASDAQ and the CUSIP will not change. The legal name change is expected to be completed on or about April 26, 2022, upon satisfying all applicable requirements.
For updates about Biora Therapeutics, please follow @BioraThera on Twitter.
About Progenity Progenity, Inc. is a biotechnology company innovating in the fields of gastrointestinal health and oral biotherapeutics and is developing a suite of investigational ingestible devices designed to provide precise drug delivery solutions and diagnostic sampling. Progenity will become Biora Therapeutics, Inc. during the second quarter of 2022.
For more information visit www.progenity.com , or follow the company on LinkedIn or Twitter .
Investor Contact Chuck Padala Managing Director, LifeSci Advisorsir@progenity.com (917) 741-7792
Media Contact Kristin Schaeffer CG Lifemedia@progenity.com (858) 457-2436
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Industry
Medical Laboratories
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Health Care and Social Assistance
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Health Services, Medical/Nursing Services, Health Care and Social Assistance, Medical Laboratories
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US
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San Diego
About PROG
Progenity, Inc. is a biotechnology company with an established track record of success in developing and commercializing molecular testing products, as well as innovating in the field of precision medicine. Progenity provides in vitro molecular tests designed to improve lives by providing actionable information that helps guide patients and physicians in making medical decisions during key life stages. The company applies a multi-omics approach, combining genomics, epigenomics, proteomics, and metabolomics to its molecular testing products and to the development of a suite of investigational ingestible devices designed to provide precise diagnostic sampling and drug delivery solutions. Progenity’s vision is to transform healthcare to become more precise and personal by improving diagnoses of disease and improving patient outcomes through localized treatment with targeted therapies.