BRIEF-Otonomy Provides Corporate Update

Reuters

2022/12/20

Dec 19 (Reuters) - Otonomy Inc :

* OTONOMY PROVIDES CORPORATE UPDATE

* OTONOMY INC - BOARD OF DIRECTORS, AFTER CONSIDERING STRATEGIC OPTIONS, HAS APPROVED AND ADOPTED A PLAN OF LIQUIDATION AND DISSOLUTION

* OTONOMY INC - TO REDUCE COST, OTONOMY HAS IMPLEMENTED A REDUCTION IN WORKFORCE

* OTONOMY INC - CURRENTLY IN DISCUSSIONS FOR POTENTIAL SALE OF ITS PIPELINE ASSETS

* OTONOMY INC - REDUCED ITS WORKFORCE, INCLUDING TERMINATION OF ALL EMPLOYEES, EFFECTIVE AS OF DECEMBER 15, 2022

* OTONOMY - ESTIMATES THAT IT WILL INCUR AGGREGATE CHARGES OF ABOUT $5.0 MILLION FOR SEVERANCE AND OTHER EMPLOYEE TERMINATION-RELATED COSTS IN Q4 OF 2022

* OTONOMY INC - WORKFORCE REDUCTION INCLUDES TERMINATION OF EMPLOYMENT OF ALL OFFICERS

* OTONOMY INC - DAVID A. WEBER, CONTINUES TO SERVE ON OTONOMY BOARD OF DIRECTORS

* OTONOMY INC - INTENDS TO CALL A SPECIAL MEETING OF ITS STOCKHOLDERS IN Q1 OF 2023 TO SEEK APPROVAL OF PLAN OF DISSOLUTION

* OTONOMY INC - PAUL E. CAYER CONTINUES TO SERVE ON A CONSULTING BASIS AS CHIEF FINANCIAL AND BUSINESS OFFICER, AND WAS APPOINTED PRESIDENT

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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WEBER, CONTINUES TO SERVE ON OTONOMY BOARD OF DIRECTORS</p><p>   * OTONOMY INC - INTENDS TO CALL A SPECIAL MEETING OF ITS STOCKHOLDERS IN Q1 OF 2023 TO SEEK APPROVAL OF PLAN OF DISSOLUTION</p><p>   * OTONOMY INC - PAUL E. CAYER CONTINUES TO SERVE ON A CONSULTING BASIS AS CHIEF FINANCIAL AND BUSINESS OFFICER, AND WAS APPOINTED PRESIDENT</p><p>Source text for Eikon:    Further company coverage:   </p><p>((Reuters.Briefs@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BRIEF-Otonomy Provides Corporate Update</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBRIEF-Otonomy Provides Corporate Update\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2022-12-20 05:56</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html><body><p>Dec 19 (Reuters) - <a href=\"https://laohu8.com/S/OTIC\">Otonomy</a> Inc   :</p><p>   * OTONOMY PROVIDES CORPORATE UPDATE</p><p>   * OTONOMY INC - BOARD OF DIRECTORS, AFTER CONSIDERING STRATEGIC OPTIONS, HAS APPROVED AND ADOPTED A PLAN OF LIQUIDATION AND DISSOLUTION</p><p>   * OTONOMY INC - TO REDUCE COST, OTONOMY HAS IMPLEMENTED A REDUCTION IN WORKFORCE</p><p>   * OTONOMY INC - CURRENTLY IN DISCUSSIONS FOR POTENTIAL SALE OF ITS PIPELINE ASSETS</p><p>   * OTONOMY INC - REDUCED ITS WORKFORCE, INCLUDING TERMINATION OF ALL EMPLOYEES, EFFECTIVE AS OF DECEMBER 15, 2022</p><p>   * OTONOMY - ESTIMATES THAT IT WILL INCUR AGGREGATE CHARGES OF ABOUT $5.0 MILLION FOR SEVERANCE AND OTHER EMPLOYEE TERMINATION-RELATED COSTS IN Q4 OF 2022</p><p>   * OTONOMY INC -  WORKFORCE REDUCTION INCLUDES TERMINATION OF EMPLOYMENT OF ALL OFFICERS</p><p>   * OTONOMY INC - DAVID A. WEBER, CONTINUES TO SERVE ON OTONOMY BOARD OF DIRECTORS</p><p>   * OTONOMY INC - INTENDS TO CALL A SPECIAL MEETING OF ITS STOCKHOLDERS IN Q1 OF 2023 TO SEEK APPROVAL OF PLAN OF DISSOLUTION</p><p>   * OTONOMY INC - PAUL E. CAYER CONTINUES TO SERVE ON A CONSULTING BASIS AS CHIEF FINANCIAL AND BUSINESS OFFICER, AND WAS APPOINTED PRESIDENT</p><p>Source text for Eikon:    Further company coverage:   </p><p>((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4007","symbol_name":"製藥","start_time":0,"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2292705308","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2292705308","pubTimestamp":1671486993,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Dec 19 (Reuters) - Otonomy Inc   :   * OTONOMY PROVIDES CORPORATE UPDATE   * OTONOMY INC - BOARD OF ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4007":"制药"},"translate_title":"简介-Otonomy提供公司最新情况","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OTIC":1},"content_text":"Dec 19 (Reuters) - Otonomy Inc   :   * OTONOMY PROVIDES CORPORATE UPDATE   * OTONOMY INC - BOARD OF DIRECTORS, AFTER CONSIDERING STRATEGIC OPTIONS, HAS APPROVED AND ADOPTED A PLAN OF LIQUIDATION AND DISSOLUTION   * OTONOMY INC - TO REDUCE COST, OTONOMY HAS IMPLEMENTED A REDUCTION IN WORKFORCE   * OTONOMY INC - CURRENTLY IN DISCUSSIONS FOR POTENTIAL SALE OF ITS PIPELINE ASSETS   * OTONOMY INC - REDUCED ITS WORKFORCE, INCLUDING TERMINATION OF ALL EMPLOYEES, EFFECTIVE AS OF DECEMBER 15, 2022   * OTONOMY - ESTIMATES THAT IT WILL INCUR AGGREGATE CHARGES OF ABOUT $5.0 MILLION FOR SEVERANCE AND OTHER EMPLOYEE TERMINATION-RELATED COSTS IN Q4 OF 2022   * OTONOMY INC -  WORKFORCE REDUCTION INCLUDES TERMINATION OF EMPLOYMENT OF ALL OFFICERS   * OTONOMY INC - DAVID A. 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