Biovie CMO Joseph Palumbo buys $10,460 in common stock

Joseph M Palumbo, Chief Medical Officer at BIOVIE INC. (BIVI), increased his stake in the company by purchasing an additional 4,843 shares of BIOVIE common stock on August 28, 2026. The acquisition was made through open market transactions at a price of $2.16 per share, resulting in a total investment of $10,460. This comes on the back of a significant rally for the stock, which has climbed 86% year-to-date and 57% over the past six months, according to InvestingPro data.

The stock is currently trading near its fair value, with analysts setting price targets ranging from $5 to $5.51. The filing revealed that these shares were bought in several separate transactions, each at the same price point. Following these purchases, Mr. Palumbo now directly owns a total of 6,036 shares of BIOVIE common stock.