Aytu BioPharma, Inc. announced the passing of Michael Macaluso, Co-Founder and founding board member of Aytu. Mr. Macaluso had been a director of Aytu since the Company's formation in April 2015 and served as the Chair of the Aytu Board's Compensation Committee and was a member of the Audit and Nominating & Corporate Governance Committees. Mr. Macaluso's successful entrepreneurial career spanned four decades across various industries, including founding and leading multiple public life sciences enterprises.

Along with co-founding Aytu, Mr. Macaluso was most recently the Chief Executive Officer, founder and Director of Ampio Pharmaceuticals and Ampio's predecessor company DMI Life Sciences. Prior to entering the life sciences industry, he was the founder and principal of International Printing and Publishing, managing all phases of its domestic and international commercial printing operations from 1989 until 1997, the owner of Page International Communications, a manufacturing business, from 1998 until 2001, and in 2001 formed Isolagen, serving as a Director and as President and Chief Executive Officer. Mr. Macaluso was a graduate of Canisius College and was inducted into the Canisus College Hall of Fame in 1989.