BioAmber Inc. (OTCPK:BIOA.Q) announces that the current stage of the Sales and Investor Solicitation Process (SISP) has concluded without an acceptable offer having been received from a Qualified Bidder as of the due date of July 27, 2018. The company will now seek to obtain court approval to pursue liquidation as well as alternative offers in order to realize the greatest value on behalf of its creditors. "We are clearly disappointed that the qualified bidders did not place an acceptable offer for Bioamber. We will continue to be actively engaged with potential investors to seek an acceptable transaction and avoid the liquidation of the company's assets”, stated the Chief Executive Officer, Richard Eno.