Exhibit 21.1
SUBSIDIARIES OF AYTU BIOPHARMA, INC.
| Name of Subsidiary | State Jurisdiction |
| | |
1. | Aytu Therapeutics, LLC | Delaware |
2. | Innovus Pharmaceuticals, Inc. | Nevada |
3. | Semprae Laboratories, Inc | Nevada |
4. | Novalare, Inc | Nevada |
5. | Supplement Hunt, Inc. | Nevada |
6. | Delta Prime Savings Club, Inc | Nevada |
7. | Neos Therapeutics, Inc. | Delaware |
8. | Neos Therapeutics Commercial, LLC | Delaware |
9. | Neos Therapeutics Brands, LLC | Delaware |
10. | Neos Therapeutics, LP | Texas |
11. | PharmaFab Texas, LLC | Texas |