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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Final Update Released (Dated 05/15/2017)

Symbol: AYTU
Analyst: Howard Halpern
Taglich Rating: Suspended
Price Target: NA
Time Horizon: NA
Rating Established: May 15, 2017
Price When Established: $0.72
Most Recent Report: May 15, 2017
Price When Issued: $0.72

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Company Description

AYTU Bioscience, Inc. (Other OTC: AYTU), headquartered in Engelwood, Colorado, was formed in April 2015 through a reverse triangular merger with two companies that were formed in 2013. Shortly after the merger, the company, which was formed in 2002, changed its name from Rosewind Corporation to Aytu Bioscience.

The company’s principal pipeline product, MiOXSYS, acquired with its merger, is CE-marked but not yet cleared in the US. To jump start its commercialization, AYTU acquired the radiolabeled imaging agent ProstaScint (May 2015) for prostate cancer diagnosis, and an oral liquid antimicrobial (October 2015), Primsol, approved for the treatment of uncomplicated urinary tract infections. ProstaScint and Primsol made full-year revenue contributions last year (ending June 2016), accounting for most of the company’s product revenue in FY2016.

In July 2016, the company also acquired the US rights to Natesto, a testosterone replacement hormone that is cleared in the US and in some overseas markets for the treatment of hypogonadism. Natesto, launched early this fiscal year, could contribute significantly to FY2017 revenue.

Aytu has expanded a sales force that is focused on marketing to urologists and, in the case of Natesto, also to endocrinologists. The product line aims to treat or diagnose conditions in substantial patient populations that are growing steadily due in part to demographic trends. These target patient populations seek treatment mainly from urologists, which represent a single call point that can be more easily targeted as they tend to be more concentrated in urban centers in the most populous states in the US. As all of its manufacturing is done by a contract manufacturer or the companies that its products were acquired from, AYTU can devote most of its efforts to marketing and raising additional financing.

Company Reports

Final Update Released (Dated 05/15/2017)

Initial Research Report (Dated February 17, 2017)


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