- cafead Dec 20, 2022 at 10:42: AM
via The end has come for Otonomy, a California-based biotech that developed treatments for neurological conditions of the ear, after a series of failed trials.
The company announced on Monday it had fired all remaining employees on Dec. 15 and approved a liquidation and dissolution plan as the company winds down operations. The announcement comes just just two months after it said it would “explore strategic options,” a fancy way of saying it’s struggling and looking for a way out.
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The company announced on Monday it had fired all remaining employees on Dec. 15 and approved a liquidation and dissolution plan as the company winds down operations. The announcement comes just just two months after it said it would “explore strategic options,” a fancy way of saying it’s struggling and looking for a way out.
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