Lyora Therapeutics

Website

Lyora Therapeutics, Inc.

4 Investors
Biotechnology
BELMONT, MA

Lyra Therapeutics, Inc. is a clinical-stage biotechnology company dedicated to developing groundbreaking therapies specifically for chronic rhinosinusitis (CRS), a prevalent inflammatory condition affecting the nasal passages and sinuses. By leveraging innovative technologies, Lyra aims to provide effective solutions for CRS patients who often endure ineffective treatments and potentially invasive surgeries.

Products & Team

LYR-210

Therapeutic ImplantSeed

LYR-210 is a bioresorbable nasal implant specifically designed to deliver continuous anti-inflammatory medication for up to six months directly to the sinonasal passages. This innovative solution targets chronic rhinosinusitis patients who have not yet undergone sinus surgery, aiming to alleviate their symptoms effectively without requiring invasive interventions.

Value Proposition

LYR-210 addresses the significant problem of inadequate treatment options for patients with chronic rhinosinusitis by providing a sustained and effective alternative to existing therapies, reducing the need for surgeries.

Pain Points

Many CRS patients face significant challenges, including inadequate treatment options that fail to alleviate symptoms, resulting in a cycle of ineffective treatments and the potential necessity for invasive sinus surgeries.

Bioresorbable implantDelivers medication for up to 6 monthsNon-invasive applicationDirect delivery to sinonasal passages
Industry
Biotechnology
Primary business sector
Founded
2025
Year established
Location
BELMONT, MA
Primary headquarters

Funding History

Total Raised:
$525.0K
E

Option to Acquire Offering

February 2025
$2.0M
Target
Use of Proceeds
The proceeds shall fund general working capital. No detailed operating budget has been adopted, no proceeds have been or are proposed to be used for payments of finders fees or other compensation to directors, executive officers, or promoters.
Progress
26%
Raised
$525.0K
Target
$2.0M
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