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Lyra Therapeutics suspends LYR-210 development, cuts workforce and seeks strategic options.
ByAinvest
Monday, Jan 12, 2026 7:05 am ET1min read
LYRA--
Lyra Therapeutics has suspended development of its lead product candidate LYR-210 for chronic rhinosinusitis. The company is also reducing its workforce and taking cost-saving measures to preserve capital. Maria Palasis and Jason Cavalier will remain consultants to support strategic alternatives, and SSG Capital Advisors has been engaged to assist in the process.
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