Lyra Therapeutics

About:

Lyra Therapeutics is a clinical-stage company developing medicines to treat ear, nose, and throat diseases.

Website: https://lyratherapeutics.com

Twitter/X: lyratx

Top Investors: RA Capital Management, Perceptive Advisors, Samsara BioCapital, Polaris Partners, Surveyor Capital

Description:

Lyra Therapeutics, Inc. is a clinical-stage therapeutics company focused on the development and commercialization of novel integrated drug and delivery solutions for the localized treatment of patients with ear, nose and throat diseases. The company’s proprietary technology platform, XTreo, is designed to precisely and consistently deliver medicines directly to the affected tissue for sustained periods with a single administration. The company’s initial product candidates, LYR-210 and LYR-220, are bioresorbable polymeric matrices designed to be administered in a brief, non-invasive, in-office procedure and intended to deliver up to six months of continuous drug therapy to the sinonasal passages for the treatment of CRS. The therapeutic embedded within LYR-210 and LYR-220 is mometasone furoate, which is the active ingredient in various FDA-approved drugs and has a well-established efficacy and safety profile.