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Otonomy Raises $100M in Upsized IPO

Seventy-seven life sciences companies raised $5.8 billion through IPOs by mid-August.

San Diego-based Otonomy raised $100 million in an upsized initial public offering during a quiet week for such deals. The developer of sustained release treatments for diseases of the ear sold one million shares more than it had planned and priced at the top of its target range. Its strong debut confirms that the public markets remain open to biotech IPOs. Read More
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