Item 8.01 Other Events.
On October 18, 2022 (the "Termination Date"), the Loan and Security Agreement
dated December 31, 2018, as amended (the "Agreement") among Otonomy, Inc. (the
"Company"), Oxford Finance LLC ("Oxford") and the lenders set forth in the
Agreement was terminated in connection with the Company's payment of all amounts
due and owing thereunder of approximately $17.0 million. As of the Termination
Date, the Company had no balance outstanding under the Agreement.
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