Aytu BioScience Inc. (AYTU): Aytu BioPharma Divests US Rights To Nate...

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Thursday, 04/01/2021 7:46:40 AM

Thursday, April 01, 2021 7:46:40 AM

Aytu BioPharma Divests US Rights To Natesto To Acerus Pharma

Aytu BioPharma, Inc. (NASDAQ:AYTU) a specialty pharmaceutical company focused on commercializing novel therapeutics and consumer healthcare products, today announced the signing of an agreement with Acerus Pharmaceuticals Corporation (ASP)(ASPCF) whereby Acerus will acquire all remaining rights to Natesto in the United States from Aytu. In consideration, Aytu will receive $7.5M in cash from Acerus, which is payable in $250,000 monthly payments over 30 months. Additionally, Acerus will assume all product responsibilities associated with Natesto following the April 1, 2021 effective date. Aytu will provide transition support to Acerus over a 120-day transition period.

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