Exhibit 21



Subsidiaries of Veru Inc. (1)



The subsidiaries of Veru Inc. are as follows:





 

Name

Jurisdiction of Organization



 

Aspen Park Pharmaceuticals, Inc.

Delaware

Badger Acquisition Sub, Inc.

Delaware

The Female Health Company Limited

United Kingdom

The Female Health Company (UK) Plc.

United Kingdom

The Female Health Company (M) SDN.BHD

Malaysia

Veru International Holdco Inc.

Delaware

Veru Biopharma UK Limited

United Kingdom

Veru Biopharma Europe Limited

Ireland

Veru Biopharma Netherlands B.V.

Netherlands



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(1)All subsidiaries are wholly owned, directly or indirectly, by Veru Inc.