GOSS - Lyra Therapeutics Aims For U.S. IPO In Choppy Market
Quick Take
Lyra Therapeutics (LYRA) has filed to raise $57.5 million in an IPO of its common stock, according to an S-1 registration statement.
The company is advancing a pipeline of treatment candidates for chronic rhinosinusitis patients.
LYRA is in Phase 2 trials for its lead candidate and expects initial topline data readout in Q1 2021.
I’ll provide an update when we learn more IPO pricing and valuation details from management.
Company & Technology
Watertown, Massachusetts-based Lyra was founded to develop drug treatments for two types of patients with chronic rhinosinusitis, those