M&A - AYTU BIOPHARMA, INC
Form Type: 8-K
Filing Date: 2025-06-06
Corporate Action: Acquisition
Type: New
Accession Number: 000143774925019718
Filing Summary: On June 5, 2025, Aytu BioPharma, Inc. announced an Exclusive Commercialization Agreement with Fabre-Kramer Holdings, Inc. for the commercialization of EXXUA™ (gepirone) extended release tablets, an FDA-approved treatment for Major Depressive Disorder (MDD). The agreement entails an upfront cash payment of $3 million, with additional $3 million payments contingent upon sales milestones. The company expects to launch EXXUA in Q4 2025, anticipating significant revenue potential in the $22 billion MDD market. The agreement includes various milestone payments and specific royalty structures based on product net sales. Termination clauses are included in case of mutual agreement or material breaches. A press release regarding the agreement was issued on June 6, 2025.
Additional details:
Entry Into Material Definitive Agreement Date: 2025-06-05
Upfront Payment: 3000000
Second Payment: 3000000
Max Second Payment: 5000000
Initial Royalty Percentage: 28
Increased Royalty Percentage: 39
Subsequent Royalty Percentage: 24.5
Max Subsequent Royalty Percentage: 35.5
Supply Price Percentage: 3
Increased Supply Price Percentage: 4
Termination Notice Period Days: 90
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