Geometry Dash APK Hill Climb Racing APK
41.6 F
New York
Monday, January 17, 2022

Aytu Bioscience Inc (NASDAQ:AYTU) Gains Momentum On Coronavirus Buzz

Must read

Humbl Inc (OTCMKTS:TSNPD) Bounces Back and Lands On The Radar

Over the course of the past months, Humbl Inc (OTCMKTS:TSNPD) stock has managed to record massive gains and much of that has...

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Looks to Maintain Critical Momentum

Stocks that make massive gains over a reasonable period of time cannot hope to maintain them forever. At some point, a correction...

Green Thumb Industries Inc (OTCMKTS:GTBIF) Trades Near All-Time High: What Next?

After having been in the dumps for more than a year, the cannabis sector has managed to make a remarkable comeback. Investors...

VIVO Cannabis Inc (OTCMKTS:VVCIF) Stock Turns Volatile: Uptrend in Jeopardy

Anyone watching the market knows the cannabis sector has been booming again. Since the start of the year, the cannabis sector has...

The coronavirus epidemic has emerged as one of the biggest health scares in recent years. However, it has also resulted in remarkable rallies in the stocks of companies that are involved in creating a vaccine or medicine for the virus. The latest stock to enjoy such a rally is that of Aytu Bioscience Inc (NASDAQ:AYTU).

Licensing Deal

The company announced on Tuesday that it had signed a licensing deal regarding coronavirus and that resulted in a major rally in the stock as it climbed by as much as 300%. It is likely that the stock is going to continue to be in focus today as well.

The company announced that it had signed an exclusive distribution agreement by way of which Aytu is going to get the right to commercialize the COVID-19 IgG/IgM Rapid Test. The test in question is clinically validated, and hence, it is a significant development for Aytu.

The company announced that it licensed the test from L.B. Resources. It should be noted that L.B. Resources had got the right for the test in North America from developer Zhejiang Orient Gene Biotech. The company announced that the agreement gives it the exclusive rights to sell the product for three years in the United States.

The Chief Executive Officer of the company, Josh Disbrow, spoke about the development as well. He said, “We are excited to be able to work with U.S. regulatory authorities, and we will work to make this important test available in the U.S. as soon as possible.” Aytu also stated that the Rapid Test is only meant to be conducted by professionals.

The company went on to add that the test is a critical time-saving procedure and produces the results from the test in two to ten minutes. The rally in the stock was a remarkable one, and it now remains to be seen if the Aytu stock can continue to rally today. Sign-up for continuing coverage on shares of $AYTU stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $AYTU, either long or short, and we have not been compensated for this article.

Latest article

iQSTEL Inc (OTCMKTS:IQST) Stock Makes a Big Move: Jumps 45% In a Week

In the past week, iQSTEL Inc (OTCMKTS: IQST) has emerged as a point of focus among a large number of investors and...

HUMBL Inc (OTCMKTS:HMBL) Stock Sees Big Bounce After Recent Slump

Since the beginning of 2021, HUMBL Inc (OTCMKTS:HMBL) had been one of the major movers from among penny stocks and had come into...

Dividend Stocks to Buy Now

A classic mistake that investors make when looking for dividend stocks is to just go for the biggest dividend yield. It makes...

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service