Aytu BioScience, Inc. announced the signing of an asset purchase agreement to acquire a portfolio of prescription products from Cerecor, Inc. Mr. Phillips will transition from Cerecor to Aytu to serve as the company's Executive Vice President of Commercial Operations, reporting to the Chief Executive Officer. Jarrett Disbrow, the company's current Chief Operating Officer, will assume the role of Executive Vice President of Marketing and Market Access, continuing to report to the Chief Executive Officer.