Aytu BioPharma Regains Nasdaq Minimum Bid Price Compliance

Rhea-AI Summary

Aytu BioPharma, Inc. (NASDAQ:AYTU) has announced that it has regained compliance with Nasdaq's minimum bid price requirement. The notification from Nasdaq confirms that Aytu's common stock closed at $1.00 per share or higher for ten consecutive business days, from January 6 to January 20, 2023. The issue is now resolved as per Listing Rule 5550(a)(2). Aytu specializes in pediatric-focused prescription drugs and consumer health products, and its portfolio includes medications for ADHD, allergy relief, and vitamin supplementation for children. This compliance is a positive development for Aytu's market position.

Positive

• Regained compliance with Nasdaq's minimum bid price requirement.
• Common stock closing price at $1.00 or over for ten consecutive business days.

Negative

• None.

ENGLEWOOD, CO / ACCESSWIRE / January 25, 2023 / Aytu BioPharma, Inc. (the Company or "Aytu") (NASDAQ:AYTU), a commercial stage pharmaceutical and consumer health company providing pediatric-focused prescription drugs and cost-effective consumer health solutions, today announced that it received a written notification from the Listing Qualifications Department of The Nasdaq Stock Market, LLC ("Nasdaq") notifying the Company that it has regained compliance with the Nasdaq's minimum bid price requirement.

On January 23, 2023, Nasdaq confirmed in that for the ten consecutive business days, from January 6, 2023 to January 20, 2023, the closing bid price of the Company's common stock has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2), and the matter is closed.

About Aytu BioPharma, Inc.

Aytu BioPharma is a pharmaceutical company commercializing a portfolio of commercial prescription therapeutics and consumer health products. The Company's prescription products include Adzenys XR-ODT® (amphetamine) extended-release orally disintegrating tablets (see Full Prescribing Information, including Boxed WARNING) and Cotempla XR-ODT® (methylphenidate) extended-release orally disintegrating tablets (see Full Prescribing Information, including Boxed WARNING) for the treatment of attention deficit hyperactivity disorder (ADHD), as well as Karbinal® ER (carbinoxamine maleate), an extended-release antihistamine suspension indicated to treat numerous allergic conditions, and Poly-Vi-Flor® and Tri-Vi-Flor®, two complementary fluoride-based prescription vitamin product lines available in various formulations for infants and children with fluoride deficiency. Aytu's consumer health segment markets a range of over-the-counter medicines, personal care products, and dietary supplements addressing a range of common conditions including diabetes, allergy, hair regrowth, and gastrointestinal conditions. To learn more, please visit aytubio.com.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, or the Exchange Act. All statements other than statements of historical facts contained in this press release, are forward-looking statements. Forward-looking statements are generally written in the future tense and/or are preceded by words such as ''may,'' ''will,'' ''should,'' ''forecast,'' ''could,'' ''expect,'' ''suggest,'' ''believe,'' ''estimate,'' ''continue,'' ''anticipate,'' ''intend,'' ''plan,'' or similar words, or the negatives of such terms or other variations on such terms or comparable terminology. All statements other than statements of historical facts contained in this press release, are forward-looking statements. These statements are just predictions and are subject to risks and uncertainties that could cause the actual events or results to differ materially. These risks and uncertainties include, among others, our ability to remain compliant with Nasdaq lisiting requirements. We also refer you to the risks described in ''Risk Factors'' in Aytu's Annual Report on Form 10-K, in Quarterly Reports filed on Form 10-Q, and in the other reports and documents it files with the Securities and Exchange Commission.

Contacts for Investors:

Mark Oki, Chief Financial Officer
Aytu BioPharma, Inc.
moki@aytubio.com

Robert Blum or Roger Weiss
Lytham Partners
AYTU@lythampartners.com

SOURCE: Aytu BioPharma, Inc.

View source version on accesswire.com:
https://www.accesswire.com/736539/Aytu-BioPharma-Regains-Nasdaq-Minimum-Bid-Price-Compliance

FAQ

What recent notification did Aytu BioPharma receive from Nasdaq?

Aytu BioPharma received a notification confirming that it has regained compliance with Nasdaq's minimum bid price requirement.

What is the significance of Aytu's compliance with Nasdaq Listing Rule 5550(a)(2)?

Compliance with Nasdaq Listing Rule 5550(a)(2) indicates that Aytu's common stock has met the minimum bid price requirement, thereby avoiding potential delisting.

When did Aytu BioPharma's stock last meet the minimum price requirement?

Aytu BioPharma's stock met the requirement by closing at $1.00 or higher for ten consecutive business days from January 6 to January 20, 2023.

What types of products does Aytu BioPharma offer?

Aytu BioPharma offers pediatric-focused prescription drugs and consumer health products, including ADHD medications and allergy relief solutions.