Aytu Bioscience (AYTU) is up big another 6% in pre market hours on the premise of positive COVID-19 sales according to a recent press release.
The company has sold and allocated 100,000 tests to United States customers and is waiting for delivery of an additional 500,000 tests.
Josh Disbrow commented saying that they increased another purchase order of 1 million tests with the 500,000 waiting for clearance.
Aytu Biosciences will now be in a position to fulfill pending orders very soon with tremendous performance.
The company has been working on multiple fronts to distribute the initial shipment of COVID-19 IgG/IgM Rapid Tests while coordinating the incoming supply of our next shipment of 500,000 tests. We are pleased that the manufacturer has completed this second order, which is now awaiting customs clearance. Further, we have been informed the manufacturer has accepted another purchase order, which was increased to one million tests. We are proud to be helping the medical community in delivering our initial shipment of tests to those professionals in need. We look forward to having additional supply to further fulfill the significant demand we have for COVID-19 tests. With the 500,000 tests now awaiting clearance, we’ll be in a position to fulfill the pending orders very soon.
Josh Disbrow, CEO of Aytu Biosciences
Aytu Biosciences (AYTU): Pitkin announces mobile testing
It is now revealed that Pitkin County will establish a mobile COVID-19 testing lab using Aytu Biosciences test kit.
These tests will be conducted in trailers which are the ideal testing site for controlled environment says Bill Linn, Public Officer for the incident management team.
The mobile testing labs are expected to be finalized by the end of this week, city officials are now verifying the Aytu Biosciences test through a joint effort with Aspen Valley Hospital and will be ready for use for mobile testing sites.
