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Thursday, April 23, 2020

Aytu Bio up on COVID-19 test distribution deal

Nano cap Aytu BioScience (NASDAQ:AYTU) inks an agreement with Singapore-based Biolidics Limited for exclusive distribution of the latter’s COVID-19 IgG/IgM Rapid Test in the U.S.
Under the terms of the deal, Aytu has committed to buying 500K tests within one day of signing the contract and a minimum of 1.25M tests within three months.
The test has been provisionally approved by Singapore’s Health Sciences Authority and authorized for export.
https://seekingalpha.com/news/3563582-aytu-bio-up-13-premarket-on-covidminus-19-test-distribution-deal

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