Biote

Biote

Clinically validated hormone optimization and treatment

About Biote

Simplify's Rating
Why Biote is rated
D+
Rated C on Competitive Edge
Rated D+ on Growth Potential
Rated D+ on Differentiation

Industries

Education

Healthcare

Company Size

201-500

Company Stage

IPO

Headquarters

Irving, Texas

Founded

2012

Overview

Biote focuses on hormone optimization using clinically validated medical approaches to identify and treat imbalances in hormone production. It uses lab testing and medical assessment to pinpoint hormone deficiencies or excesses, then prescribes personalized treatment plans—often including bio-identical hormone therapy and related regimens—under medical supervision to restore balanced hormone levels. Biote differentiates itself through its emphasis on translating extensive scientific insight (80+ years of research) into validated protocols and continuing medical oversight, rather than generic supplements. The company’s goal is to help patients achieve balanced hormone levels and improve health outcomes by delivering scientifically grounded, physician-guided hormone optimization.

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Simplify's Take

What believers are saying

  • Acquired Asteria Health for $8.5M, expanding compounded hormone manufacturing.
  • Appointed Robert Peterson CFO on January 8, 2024, strengthening finance leadership.
  • Hired John Denne as men's health GM, driving expansion into male hormone therapy.

What critics are saying

  • FDA enforcement targets Biote's unsubstantiated compounding claims within 12-24 months.
  • UnitedHealth, Anthem, Aetna deny BHRT reimbursement, slashing provider revenues in 6-18 months.
  • Texas, California, Florida boards suspend Asteria licenses, disrupting supply chain in 12-24 months.

What makes Biote unique

  • Biote Method platform provides education, training, certification, software, and marketing to 7,100 providers.
  • Sells sterile pellet insertion kits and branded dietary supplements for hormone optimization.
  • Performed over 4 million pellet insertions, proving expertise in precision preventive medicine.

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Funding

Total Funding

$300M

Above

Industry Average

Funded Over

1 Rounds

Spac IPO funding comparison data is currently unavailable. We're working to provide this information soon!
Spac IPO Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

401(k) Company Match

401(k) Retirement Plan

Paid Vacation

Paid Holidays

Paid Time Off

Stock Price

Company News

Hemingway Medical Spa
Jan 11th, 2025
Testosterone and Estradiol Pellet Therapy: Unlocking Wellness with Bioidentical Hormone Pellets

Hemingway Medical Spa Inc. partnered with Biote because they share its commitment to improving the quality of patients lives through a more natural and less pharmacologic approach.

Hampton Roads Orthopaedics Spine & Sports Medicine
Mar 1st, 2024
Transform Your Well-being with Bioidentical Hormone Replacement Therapy

Hampton Roads Orthopaedics and Sports Medicine has chosen Biote as its partner for hormone replacement therapy due to their proven track record and commitment to excellence.

Dallas Innovates
Jan 24th, 2024
Biote Acquires Asteria Health for $8.5M, Names New CFO

Irving-based Biote Corp. announced that it will acquire Asteria Health, a privately held manufacturer of compounded bioidentical hormones, in a deal valued at $8.5 million.

Business Wire
Jan 18th, 2024
Biote to Purchase Asteria Health

biote Corp. (NASDAQ: BTMD) (“Biote” or the “Company”), a leading solutions provider in preventive health care through the delivery of personalized hor

readmagazine.com
Jan 12th, 2024
Biote Names Robert Peterson as Chief Financial Officer

biote Corp., a leading solutions provider in preventive health care through the delivery of personalized hormone optimization and therapeutic wellness, announced that Robert Peterson has been named Chief Financial Officer, effective January 8, 2024.

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