Press release content from Globe Newswire. The AP news staff was not involved in its creation. Otonomy Reports First Quarter 2021 Financial Results and Provides Corporate Update Otonomy, Inc.May 11, 2021 GMT OTO-313 Phase 2 trial in tinnitus initiated with results expected in mid-2022 OTO-413 Phase 1/2 trial expansion in hearing loss expected to start in second quarter of 2021 with results anticipated in mid-2022 OTO-825 IND-enabling activities underway with preclinical proof-of-concept data to be presented at ASGCT meeting; update on program to be provided in mid-2021 Recent financing extends cash runway into second half of 2023 Conference call and webcast today at 4:30 p.m. ET