The properties of a planar semiconductor microcavity in the strong coupling
regime have been studied by spectrally resolved degenerate four-wave-mixin
g using fs laser pulses. In addition to the conventional cavity polaritons
new spectral features, which are of biexcitonic origin can be resolved. The
coupling of these states to the light field of the resonator has been stud
ied by investigating their cavity detuning dependence. The observed dispers
ion agrees with a bipolariton model, where the exciton to biexciton transit
ion is strongly coupled to the electro-magnetic field in the cavity.