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AYTU

Aytu BioScience

$0.84

0.0039 (0.47%)

08:07
12/02/19
12/02
08:07
12/02/19
08:07

Aytu BioScience announces launch of Natesto U.S. co-promotion with Acerus

Aytu BioScience announced the launch of the company's co-promotion with Acerus Pharmaceuticals which is expected to accelerate the growth of in the United States. Through this expanded commercial relationship, Acerus has launched a U.S.-based specialty sales force promoting Natesto to urologists and endocrinologists. Aytu will continue to recognize all Natesto revenue and promote Natesto to all other physician specialties including internal medicine and family practice. Natesto total prescriptions grew 30% from fiscal 2018 to 2019, and this commercial partnership is expected to accelerate brand growth through joint promotional efforts and a significantly expanded U.S. presence. The Natesto co-promotion officially closed November 29 and was effective December 1. This agreement significantly increases sales force coverage of targeted testosterone prescribers and puts a higher promotional focus on urologists and endocrinologists. Further, this revised partnership enables Aytu to increase its Natesto promotional efforts in primary care and other specialties. To accelerate the launch of Acerus' U.S. commercial team, Aytu has agreed to transfer five current sales employees to Acerus as of December 2. These staff will operate as Acerus employees, but they will remain on Aytu's payroll until the earlier of the date on which Acerus is ready to fully assume the personnel or June 30, 2020. Aytu will deduct the costs of these sales personnel from quarterly payments otherwise owed to Acerus under the revised agreement, with a final accounting to be done once per year. Throughout 2020, Acerus will be building out a complete US-based specialty sales force and other commercial functions, significantly increasing the number of employees working directly on Natesto in the United States. As previously announced on July 30, the companies signed an agreement to expand their commercial partnership and amend and restate the original 2016 Natesto exclusive U.S. license agreement. Under the revised agreement, Aytu will remain the exclusive U.S. supplier of Natesto and retain all rights to revenues generated. Aytu and Acerus will continue to operate a joint commercialization committee in support of Natesto and will closely collaborate on U.S. brand strategy and commercial initiatives.

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AYTU Aytu BioScience
$0.84

0.0039 (0.47%)

09/18/19
LTCO
09/18/19
NO CHANGE
Target $4.75
LTCO
Buy
Aytu BioScience price target raised to $4.75 from $4.00 at Ladenburg
Ladenburg analyst Jeffrey Cohen raised his price target on Aytu BioScience shares to $4.75 from $4.00.

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STOK

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AUTL

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