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Aytu Bio takes out women's health firm Nuelle in all-stock deal

Published 05/09/2017, 09:49 AM
© Reuters.  Aytu Bio takes out women's health firm Nuelle in all-stock deal
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  • Aytu BioScience (OTCQX:AYTU) acquires Mountain View, CA-based Nuelle, maker of a personal care device for women called the Fiera.
  • Under the terms of the deal, Nuelle shareholders received 2.5M shares of AYTU common stock plus potential earn-out payments up to a maximum of $6.9M based on net sales of up to $100M. Nuelle investors will also be eligible to receive milestones of up to $24M based on the achievement of certain sales thresholds over any sequential four calendar quarter period.
  • Now read: Span-America to be bought by Savaria for /share


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