Company: BIVIW
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001520138-25-000149
Chunk: 4

Company: BIOVIE INC.
Filing Date: 2025-05-15
Form: DRS
Chunk 4
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 combination thereof,
solely to cover over-allotments, if any.

The underwriters expect to deliver the shares
to purchasers on or about , 2025.

<div align='center'>ThinkEquity

The date of this prospectus is ,
2025

Table of Contents</div>

| About This Prospectus                                |  1 |
| Prospectus Summary                                   |  2 |
| The Offering                                         |  7 |
| Risk Factors                                         |  9 |
| Cautionary Note Regarding Forward-Looking Statements | 16 |
| Use of Proceeds                                      | 18 |
| Dividend Policy                                      | 19 |
| Capitalization                                       | 20 |
| Dilution                                             | 21 |
| Principal Stockholders                               | 23 |
| Description of Securities                            | 25 |
| Underwriting                                         | 30 |
| Legal Matters                                        | 38 |
| Experts                                              | 38 |
| Where You Can Find More Information                  | 38 |
| Incorporation of Documents by Reference              | 38 |

<div align='center'>ABOUT THIS PROSPECTUS</div>

The registration statement we filed with the Securities
and Exchange Commission (the “SEC”) includes exhibits that provide more detail of the matters discussed in this prospectus.
You should read this prospectus, the related exhibits filed with the SEC, and the documents incorporated by reference herein before making
your investment decision. You should rely only on the information provided in this prospectus and the documents incorporated by reference
herein or any amendment thereto. You should not assume that the information contained in this prospectus or any related free writing prospectus
is accurate on any date subsequent to the date set forth on the front of the document or that any information we have incorporated by
reference herein is correct on any date subsequent to the date of the document incorporated by reference, even though this prospectus
or any related free writing prospectus is delivered, or securities are sold, on a later date. This prospectus contains or incorporates
by reference summaries of certain provisions contained in some of the documents described herein, but reference is made to the actual
documents for complete information. All of the summaries are qualified in their entirety by the actual documents. Copies of some of the
documents referred to herein have been or will be filed or have been or will be incorporated by reference as exhibits to the registration
statement of which this prospectus forms a part, and you may obtain copies of those documents as described in this prospectus supplement