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        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001033742</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



        </filerInfo>
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        <issuerInfo>
            <issuerCik>0001580149</issuerCik>
            <issuerName>BIOVIE INC.</issuerName>
            <secFileNumber>001-39015</secFileNumber>
            <issuerAddress>
                <ns2:street1>680 W Nye Lane</ns2:street1>
                <ns2:street2>Suite 204</ns2:street2>
                <ns2:city>Carson City</ns2:city>
                <ns2:stateOrCountry>NV</ns2:stateOrCountry>
                <ns2:zipCode>89703</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>(775)-888-3162</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>STEVE GORLIN</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Director</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>38th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>25680</noOfUnitsSold>
            <aggregateMarketValue>43399.20</aggregateMarketValue>
            <noOfUnitsOutstanding>37742695</noOfUnitsOutstanding>
            <approxSaleDate>12/01/2023</approxSaleDate>
            <securitiesExchangeName>NASD</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>08/16/2023</acquiredDate>
            <natureOfAcquisitionTransaction>Performance Stock Units</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>25680</amountOfSecuritiesAcquired>
            <paymentDate>08/16/2023</paymentDate>
            <natureOfPayment>Employee stock unit award(s)</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>STEVE GORLIN</name>
                <address>
                    <ns2:street1>680 W Nye Lane</ns2:street1>
                    <ns2:street2>Suite 204</ns2:street2>
                    <ns2:city>Carson City</ns2:city>
                    <ns2:stateOrCountry>NV</ns2:stateOrCountry>
                    <ns2:zipCode>89703</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>09/05/2023</saleDate>
            <amountOfSecuritiesSold>8560</amountOfSecuritiesSold>
            <grossProceeds>26108.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>12/01/2023</noticeDate>
            <planAdoptionDates/>
            <signature>/s/ Steve Gorlin</signature>
        </noticeSignature>
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144
0001033742
XXXXXXXX
LIVE
0001580149
BIOVIE INC.
001-39015
680 W Nye Lane
Suite 204
Carson City
NV
89703
(775)-888-3162
STEVE GORLIN
Director
Common
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
38th Floor
New York
NY
10004
25680
43399.20
37742695
12/01/2023
NASD
Common
08/16/2023
Performance Stock Units
issuer
N
25680
08/16/2023
Employee stock unit award(s)
N
STEVE GORLIN
680 W Nye Lane
Suite 204
Carson City
NV
89703
Common
09/05/2023
8560
26108.00
12/01/2023
/s/ Steve Gorlin