Company: BIVIW
Filing Date: 2025-07-11
Form Type: S-1/A
Source: 0001520138-25-000205
Chunk: 49

Company: BIOVIE INC.
Filing Date: 2025-07-11
Form: S-1/A
Chunk 49
---
 development efforts.

In addition, if our licensors fail to abide by
the terms of the license, if the licensors fail to prevent infringement by third parties or if the licensed patents or other rights are
found to be invalid or unenforceable, our business, competitive position, financial condition, results of operations and prospects could
be materially harmed.

Some of our intellectual property may be subject to federal regulations such as “march-in” rights, certain reporting requirements and a preference for U.S.-based companies if it is determined that our intellectual property has been discovered through government-funded programs. Compliance with such regulations may limit our exclusive rights, and limit our ability to contract with non-U.S. manufacturers.

Some of the intellectual property rights we have
acquired or licensed or may acquire or license in the future may have been generated through the use of U.S. government funding and may
therefore be subject to certain federal regulations. These U.S. government rights include a non-exclusive, non-transferable, irrevocable
worldwide license to use inventions for any governmental purpose. In addition, the U.S. government has the right, under certain limited
circumstances, to require us to grant exclusive, partially exclusive, or non-exclusive licenses to any of these inventions to a third
party if it determines that: (i) adequate steps have not been taken to commercialize the invention; (ii) government action is necessary
to meet public health or safety needs; or (iii) government action is necessary to meet requirements for public use under federal regulations
(also referred to as “march-in rights”). The U.S. government also has the right to take title to these inventions if the grant
recipient fails to disclose the invention to the government or fails to file an application to register the intellectual property within
specified time limits. Intellectual property generated under a government funded program is also subject to certain reporting requirements,
compliance with which may require us to expend substantial resources. In addition, the U.S. government requires that any products embodying
any of these inventions or produced through the use of any of these inventions be manufactured substantially in the United States. This
preference for U.S. industry may be waived by the federal agency that provided the funding if the owner or assignee of the intellectual
property can show that reasonable but unsuccessful efforts have been made to grant licenses on similar terms to potential licensees that
would be likely to manufacture substantially in the United States or that under the circumstances domestic manufacture is not commercially
feas