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Lyra Therapeutics, Inc.

LYRAPharmaceuticalsWatertown, United States

Lyra Therapeutics, Inc. operates as a clinical-stage biotechnology company, primarily focused on the creation and commercialization of anti-inflammatory treatments for individuals suffering from chronic rhinosinusitis (CRS). The company's unique technological approach allows for the direct delivery of therapeutic agents to the targeted tissue, ensuring prolonged efficacy from a singular dose. Its pipeline features several promising candidates, including LYR-210, an anti-inflammatory implantable drug matrix currently in Phase III clinical trials for CRS. Additionally, LYR-220 is under development for CRS patients who have not responded to previous medical treatments and still require intervention for their symptoms. Lyra has forged a partnership with LianBio Inflammatory Limited to facilitate the development and market entry of LYR-210 throughout specific Asian regions, encompassing mainland China, Hong Kong, Taiwan, Macau, South Korea, Singapore, and Thailand. Established in 2005, the company was initially known as 480 Biomedical, Inc. before adopting the name Lyra Therapeutics, Inc. in July 2018. Its corporate headquarters are located in Watertown, Massachusetts.

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Lyra Therapeutics, Inc. at a glance

Lyra Therapeutics, Inc. is a pharmaceuticals company headquartered in Watertown, United States. It is publicly listed (LYRA) with a market capitalisation of $346,101. Xcout tracks 24 named people at Lyra Therapeutics, Inc., including Maria Palasis, Ph.D. (President and Chief Executive Officer).

Industry
Pharmaceuticals
Headquarters
Watertown, United States
Market cap
$346,101
Employees
30
Ticker
LYRA

Lyra Therapeutics, Inc. leadership

  • Maria Palasis, Ph.D.President and Chief Executive Officer
  • Jason CavalierChief Financial Officer
  • Ronan O'BrienChief Legal Officer
  • Carmichael S. Roberts Jr.Co-Founder
  • George Whitesides, Ph.D.Woodford L. and Ann A. Flowers University Professor, Harvard University
  • Allison NanceSenior Vice President of Regulatory Affairs

18 more named people on record for Lyra Therapeutics, Inc., with roles, board committees and tenure — see the full roster →

Lyra Therapeutics, Inc. funding rounds on record

Every round on record:

DateRoundAmountInvestors
—$28M8 named
Series B$29.5M—
Series B$13.1M—

Some filings are not shown as funding rounds.

Who invested in each round, lead investors, valuations and the co-investor graph — open the full funding history →

Investors

Lyra Therapeutics, Inc. competitors

A few of Lyra Therapeutics, Inc.'s closest competitors — see the full list of competitors and alternatives →

EyePoint, Inc.PharmaceuticalsWatertown, United States
69% match

EyePoint Pharmaceuticals, Inc. is a pharmaceutical firm dedicated to the creation and marketing of ophthalmic solutions for various eye ailments. Its operations span the United States, China, and the United Kingdom. Among its commercialized product portfolio are ILUVIEN, an injectable, sustained-release micro-insert designed to treat diabetic macular edema, and YUTIQ, an intravitreal implant containing fluocinolone acetonide, which targets chronic non-infectious uveitis impacting the posterior segment of the eye. The company also offers DEXYCU, a dexamethasone intraocular suspension, utilized to manage post-operative ocular inflammation, such as that occurring after cataract surgery. Looking ahead, EyePoint is actively developing several pipeline therapies. This includes EYP-1901, a novel, bioerodible tyrosine kinase inhibitor currently formulated for twice-yearly administration, which is under development for conditions like wet age-related macular degeneration, diabetic retinopathy, and retinal vein occlusion. Additionally, YUTIQ50 is being advanced as a treatment for chronic non-infectious uveitis affecting the posterior region of the eye. To bolster its market reach and development efforts, the company maintains strategic alliances with entities such as Alimera Sciences, Inc., Bausch & Lomb, OncoSil Medical UK Limited, Ocumension Therapeutics, and Equinox Science, LLC. Furthermore, a commercial collaboration with ImprimisRx PA, Inc. specifically focuses on the joint promotion of DEXYCU for inflammation following ocular surgery. Incorporated in 1987, the organization was previously known as pSivida Corp. before officially rebranding as EyePoint Pharmaceuticals, Inc. in March 2018. Its corporate headquarters are situated in Watertown, Massachusetts.

Valuation—
Employees165
EyePoint, Inc. competitors & alternatives →

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More on Lyra Therapeutics, Inc. in Xcout Intel

  • 24 named people with titles, LinkedIn and board committees
  • 3 funding rounds with the investors in each, and who they co-invest with
  • 12 corporate events with sources — deals, leadership changes, layoffs
  • The full competitor set, tracking, exports and API access
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