Auritec spins off O-Ray Pharma for indications in the inner ear

Pasadena, CA. June 1, 2005

Auritec is pleased to announce the establishment of O-Ray Pharma.  O-Ray Pharma was founded by Drs William Slattery, MD, and Thomas J Smith, MD, for indications of the inner ear. 

O-Ray is committed to remaining a relatively small, fast-moving R&D company focusing on drug development.  Rather than building up the significant infrastructure required for worldwide production and marketing of a new drug delivery technology, O-Ray will focus on the difficult work of inventing, patenting, and testing the technology in vitro and in animal models, relying on carefully chosen partners to take the products to full commercialization.