logo
logo

Lyra Therapeutics, Inc. announced it raised $100 Million in an initial filing from an offering of $100 Million

Apr 26, 2022about 3 years ago

Amount Raised

$100 Million

WatertownBiotechnology

Company Information

Company

Lyra Therapeutics, Inc.

Location

480 Arsenal Way

Watertown, South Dakota, United States

About

Lyra Therapeutics is a clinical-stage biotechnology company developing innovative therapies for the localized treatment of chronic rhinosinusitis (CRS), an inflammatory disease of the paranasal sinuses which leads to debilitating symptoms and significant morbidities. Building on expertise in materials science, drug development and formulation, Lyra has developed proprietary technology that is designed to deliver medicines directly precisely and consistently to the affected tissue for sustained periods with a single administration. Our product candidates, LYR-210 and LYR-220, are bioresorbable polymeric matrices designed to be administered in a brief, in-office procedure and intended to deliver up to six months of continuous mometasone furoate drug therapy to the sinonasal passages for the treatment of CRS.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Related People