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Otonomy Appoints David A. Weber, Ph.D., Chief Executive Officer
Date:12/8/2010

SAN DIEGO, Dec. 8, 2010 /PRNewswire/ -- Otonomy, Inc. announced today that David A. Weber, Ph.D., has joined the company as president, CEO and member of the Board of Directors. Jay Lichter, Ph.D., managing director of Avalon Ventures, co-founder of Otonomy and CEO since its inception, will continue to actively support the company as a member of the Board of Directors.

"We are very pleased to welcome Dr. Weber to the Otonomy team, as his extensive experience in the development of locally delivered therapeutics is highly transferrable to our focus on local treatments for disorders of the inner and middle ear," said Jay Lichter, Ph.D., managing director of Avalon Ventures and co-founder of Otonomy. "His excellent credibility in the venture capital community and proven success in strategic partnering will be essential skills in leading Otonomy forward following our successful recent Series B financing."

Dr. Weber has spent over 20 years in the life sciences field and, for the last decade, has led companies developing locally delivered therapeutics. Dr. Weber is currently an independent director of On Demand Therapeutics, Inc., where he provides guidance on business development, financing and product development strategy. He was the founding CEO of MacuSight, a venture-backed start-up focused on local treatments for ocular disorders. There he successfully built the team, completed a strategic transaction that generated $50 million in upfront payments and advanced the development program through decisive clinical studies in several areas. Prior to that, Dr. Weber was acting CEO of Oculex Pharmaceuticals, where he led the company through its successful acquisition by Allergan. As executive vice president, research and development at Oculex, Dr. Weber was responsible for the advancement of a sustained release ster
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SOURCE Otonomy, Inc.
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