Lyra Therapeutics, a Phase 2 biotech targeting ear, nose, and throat diseases, filed on Friday with the SEC to raise up to $58 million in an initial public offering.
The Watertown, MA-based biotech, founded in 2005, announced in late January that it had completed a Series C financing which raised $30 million in new funds.
The company’s lead product candidates, LYR-210 and LYR‑220, are being developed for the treatment of chronic rhinosinusitis, an underserved and debilitating condition that affects approximately 14 million patients in the United States alone.
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