Aytu BioScience Inc. (AYTU)

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$AYTU what's the deal? Is the bottom in? Are they getting an additional test?

FORM 8-K
https://www.sec.gov/Archives/edgar/data/1385818/000165495420007046/aytu_8k.htm

On June 27, 2020, Aytu BioScience, Inc. (the “Company”) and Biolidics, Limited (“Biolidics”) signed a letter of intent to, among other things, document the parties’ mutual intention to enter into a joint development agreement (the “Joint Development Agreement”) in order to advance the development of and, if successful, commercialize a new SARS-CoV-2 diagnostic test (the "Proposed Collaboration"). The Company and Biolidics are in the process of negotiating the definitive terms of this Proposed Collaboration. The Company and Biolidics believe a next generation SARS-CoV-2 test may address an important clinical need as the 2019 Novel Coronavirus (“SARS-CoV-2 coronavirus” or “COVID-19”) health crisis continues to unfold and the needs associated with patient testing continue to evolve. Stockholders are reminded that there can be no assurance the Company will enter into a Joint Development Agreement with Biolidics for the Proposed Collaboration or that a new SARS-CoV-2 diagnostic test will be successfully developed. The Company will make the appropriate announcement(s) if and when there are further material developments relating to the Proposed Collaboration.