Otonomy up 6% on hearing loss data

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The American neurotology company Otonomy (Nasdaq: OTIC) closed up 6% on Wednesday after reporting the first positive results of the phase IIa clinical trial of OTO-413 in subjects with hearing loss.

The study showed that a single intratympanic injection of 0.3 mg of OTO-413, an extended exposure formulation of brain-derived neurotrophic factor (BDNF), provided clinically significant therapeutic benefit over placebo on several speech-in-noise hearing tests…

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