Filed by: Neos Therapeutics,
Inc.
Pursuant to Rule
425 under the Securities Act of 1933 and deemed filed
pursuant to Rule 14a-12 under
the Securities Exchange Act of 1934
Subject Company:
Neos Therapeutics, Inc.
Commission File
No.: 001-37508
NEWS RELEASE
GLASS LEWIS,
A LEADING INDEPENDENT PROXY ADVISORY FIRM, RECOMMENDS NEOS THERAPEUTICS
STOCKHOLDERS
VOTE “FOR” THE PENDING MERGER WITH AYTU BIOSCIENCE
– The
Neos Therapeutics Board of Directors recommend stockholders vote “FOR” the transaction in advance of the virtual special
meeting scheduled for March 18, 2021 at 10:00 a.m. Eastern Time –
– Stockholders
are encouraged to vote, no matter how many or how few shares they own –
– Vote
TODAY by telephone, online at www.proxyvote.com, or by mailing proxy card –
– MacKenzie
Partners, the Company’s proxy solicitor, is available to answer any questions and help stockholders vote their shares –
DALLAS and FORT
WORTH, Texas, March 12,
2021 — Neos Therapeutics, Inc. (Nasdaq: NEOS), a commercial-stage pharmaceutical company developing and manufacturing
central nervous system-focused products, today announced that leading independent proxy advisory firm Glass, Lewis & Co., LLC
(“Glass Lewis”) has recommended Neos Therapeutics stockholders vote “FOR” the pending merger with Aytu
BioScience, Inc (“Aytu”). On March 10, 2021, the Company announced that another leading independent proxy advisory
firm, Institutional Shareholder Services Inc., had also recommended Neos Therapeutics stockholders vote “FOR” the pending
merger with Aytu.
In recommending Neos stockholders vote
“FOR” the merger, Glass Lewis indicated in its March 12, 2021 report:
“For Neos shareholders,
the transaction would also provide an opportunity to participate in a combined company with a stronger financial profile and balance
sheet than Neos on a stand-alone basis. Broadly speaking, we see no cause for significant concern with the strategic rationale
for the proposed transaction and expect shareholders of both companies could benefit from the combination.
…
Overall, we believe the
proposed transaction is strategically reasonable and financially acceptable from the perspective of shareholders of both companies.
Based on these factors and the support of the board, we believe the proposed transaction is in the best interests of shareholders.”
The Neos Board of Directors recommend
that stockholders vote “FOR” the proposal to approve the pending merger with Aytu in advance of the Special Meeting,
which will be held on March 18, 2021 at 10:00 a.m. Eastern Time. Due to the pandemic, the Special Meeting will be
held exclusively online via a live audio webcast at www.virtualshareholdermeeting.com/NEOS2021SM. There is no physical
location for the special meeting.
The approval of the merger requires
the affirmative vote of holders of a majority of all of the outstanding shares of Neos common stock as of the record date, February 5,
2021. Stockholders are encouraged to vote their shares, no matter how many or how few they own.
Whether or not a stockholder intends
to attend the virtual special meeting, the Neos Board asks that they vote TODAY by telephone, by Internet at www.proxyvote.com using
16-digit control number on the proxy card, or by completing, signing, dating and returning the proxy card enclosed in the proxy.
Any stockholder
with questions about the special meeting or in need of assistance in voting their shares should contact the Company’s proxy
solicitor:
MacKenzie Partners
1407 Broadway,
27th Floor
New York, New York
10018
Email: proxy@mackenziepartners.com
Call Collect: (212) 929-5500
Toll-Free: (800) 322-2885
About Neos Therapeutics
Neos Therapeutics, Inc. is a commercial-stage
pharmaceutical company developing and manufacturing central nervous system (CNS)-focused products. Neos markets Adzenys XR-ODT®
(amphetamine) extended-release orally disintegrating tablets (see Full Prescribing Information, including Boxed WARNING),
Cotempla XR-ODT® (methylphenidate) extended-release orally disintegrating tablets (see Full Prescribing Information,
including Boxed WARNING), and Adzenys-ER® (amphetamine) extended-release oral suspension (see Full Prescribing
Information, including Boxed WARNING), all for the treatment of ADHD. Neos also has a development candidate, NT0502, for the treatment
of sialorrhea in patients with neurological conditions. Additional information about Neos is available at www.neostx.com.
Additional Information about the
Proposed Merger Transaction and Where to Find It
This communication discusses the proposed
merger transaction pursuant to the terms of the Agreement and Plan of Merger, dated as of December 10, 2020, by and among Neos
Therapeutics, Inc. (“Neos”), Aytu BioScience, Inc. (“Aytu”), and Neutron Acquisition Sub, Inc. (the “Merger
Agreement”). In connection with the proposed merger transaction, Aytu filed with the United States Securities and Exchange
Commission (the “SEC”) a registration statement on Form S-4 (the “registration statement”) that included
a joint proxy statement of Aytu and Neos that also constituted a prospectus of Aytu (the “joint proxy statement/prospectus”).
The registration statement was declared effective on February 9, 2021 and the joint proxy statement/prospectus was first mailed
to stockholders of Neos and Aytu on or about February 12, 2021. Aytu and Neos also plan to file other relevant documents with the
SEC regarding the proposed merger transaction.
INVESTORS ARE URGED TO READ THE JOINT
PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL
CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER TRANSACTION.
You may obtain a free copy of the registration
statement and the joint proxy statement/prospectus and other relevant documents (if and when they become available) filed by Aytu
or Neos with the SEC at the SEC’s website at www.sec.gov. Copies of the documents filed by Aytu with the SEC will be available
free of charge on Aytu’s website at www.aytubio.com or by contacting Aytu’s Investor Relations at james@haydenir.com.
Copies of the documents filed by Neos with the SEC will be available free of charge on Neos’ website at www. investors.neostx.com
or by contacting Neos’ Investor Relations at (972) 408-1300.
Certain Information Regarding Participants
Neos and Aytu and their
respective directors, executive officers and other members of management and employees may be deemed to be participants in
the solicitation of proxies in respect of the proposed merger transaction. You can find information about Neos’
executive officers and directors in Neos’ definitive proxy statement filed with the SEC on April 21, 2020 in connection
with Neos’ 2020 annual meeting of stockholders. You can find information about Aytu’s executive officers and
directors in Aytu’s definitive proxy statement filed with the SEC on March 4, 2020 in connection with Aytu’s 2020
annual meeting of stockholders. Additional information regarding the interests of such potential participants is included in
the joint proxy statement/prospectus and will be included in other relevant documents filed with the SEC if and when they
become available. You may obtain free copies of these documents from Neos or Aytu using the sources indicated above.
No Offer or Solicitation
This communication does not constitute
an offer to sell, or the solicitation of an offer to buy, any securities, nor a solicitation of any vote or approval with respect
to the proposed merger transaction or otherwise. No offering of securities shall be made except by means of a prospectus meeting
the requirements of Section 10 of the Securities Act of 1933, as amended (the “Securities Act”) and otherwise
in accordance with applicable law.
Cautionary Statement Regarding Forward-Looking
Statements
This communication and other related
materials contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other
federal securities laws, including, but not limited to, statements concerning: the expected timetable for completing the proposed
merger transaction, the results, effects, benefits and synergies of the proposed merger transaction, future, opportunities for
the combined company, future financial performance and condition, the executive and board structure of Aytu; the ability of Neos
to successfully commercialize Adzenys XR-ODT®, Cotempla XR-ODT®, Adzenys ER® (the
“Approved ADHD Products”) and its generic Tussionex®; its ability to successfully advance its pipeline
of product candidates, including licensed product candidates; its ability to maintain and protect its intellectual property; the
outcome or success of its clinical trials; the rate and degree of market acceptance of its products; and its ability to develop
sales and marketing capabilities. In some cases, you can identify forward-looking statements by terms such as “may,”
”will,” “should,” “expect,” “plan,” “aim,” “anticipate,”
“could,” “intend,” “target,” “project,” “contemplate,” “believe,”
“estimate,” “predict,” “potential” or “continue” or the negative of these terms
or other similar expressions. The forward-looking statements of this communication are only predictions and are subject to a number
of risks, uncertainties and assumptions, including, without limitation, (i) the outcome of any legal proceedings that may
be instituted against the companies related to the proposed merger transaction; (ii) unanticipated difficulties or expenditures
relating to the proposed merger transaction, the response of business partners and competitors to the announcement of the proposed
merger transaction, and/or potential difficulties in employee retention as a result of the announcement and pendency of the proposed
merger transaction; (iii) risks associated with the companies’ ability to obtain the stockholder approvals required to consummate
the proposed merger transaction and the timing of the closing of the proposed merger transaction, including the risks that a condition
to closing would not be satisfied within the expected timeframe or at all or that the closing of the proposed merger transaction
will not occur; (iv) the impact of COVID-19 on prescriptions for the Neos’ products and on its business, revenues, results
of operations and financial condition; (v) Neos’ commercialization strategy for the Approved ADHD Products and other products
that may be approved; (vi) the timing of any such approval; (vii) Neos’ ability to market and sell the Approved ADHD Products
and any other products that may be approved; (viii) Neos’ ability to successfully compete in the market for medications
indicated for ADHD; (ix) the manufacture of the Approved ADHD Products or Neos’ other product candidates; (x) the therapeutic
potential of the Approved ADHD Products or Neos’ other product candidates; (xi) our ability to initiate and complete trials
for NT0502; and (xii) other risks set forth under the caption “Risk Factors” in Neos’ most recent Annual Report
on Form 10-K, as updated by Neos’ most recent Quarterly Report on Form 10-Q, and its other SEC filings. Moreover, Neos operates
in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for Neos management
to predict all risks, nor can Neos assess the impact of all factors on its business or the extent to which any factor, or combination
of factors, may cause actual results to differ materially from those contained in any forward-looking statements it may make.
In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this communication
may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking
statements. You should not rely upon forward-looking statements as predictions of future events. Although Neos believes that the
expectations reflected in the forward-looking statements are reasonable, it cannot guarantee that the future results, levels of
activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur. Moreover,
except as required by law, neither Neos nor any other person assumes responsibility for the accuracy and completeness of the forward-looking
statements. Forward-looking statements in this communication represent Neos’ views only as of the date of this communication.
Neos undertakes no obligation to update or review any forward-looking statement, whether as a result of new information, future
developments or otherwise, except as required by law.
CONTACTS:
Richard I. Eisenstadt
Chief Financial Officer
Neos Therapeutics
(972) 408-1389
reisenstadt@neostx.com
Sarah McCabe
Investor Relations
Stern Investor Relations, Inc.
(212) 362-1200
sarah.mccabe@sternir.com
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