SOURCE: Taglich Brothers, Inc.

Taglich Brothers, Inc.

February 21, 2017 10:04 ET

Taglich Brothers Initiates Coverage on Aytu Bioscience, Inc.

NEW YORK, NY--(Marketwired - February 21, 2017) - Taglich Brothers, Inc. announces it initiated coverage of AYTU Bioscience, Inc.

AYTU Bioscience, Inc. (OTCQX: 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.

The complete 19-page report is available at

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All research issued by Taglich Brothers, Inc. is based on public information. All research issued by Taglich Brothers, Inc. is based on public information. In November 2016 the company paid an initial monetary engagement fee of US$4,500 to Taglich Brothers, Inc. representing payment for the first three months of the creation and dissemination of reports. After publication of the initial research report the company will pay Taglich Brothers, Inc. a monetary fee of US$1,500 monthly for a minimum of three more months for such services.

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    Richard Oh
    Taglich Brothers, Inc.