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Lyra Therapeutics has terminated its CEO Maria Palasis and CFO Jason Cavalier, according to an SEC filing. The company is a clinical-stage biotech firm focused on developing treatments for chronic rhinosinusitis. Its investigational products, LYR-210 and LYR-220, are bioresorbable nasal implants designed to deliver six months of continuous drug therapy. LYR-210 is being evaluated in the ENLIGHTEN Phase III clinical program, while LYR-220 is being evaluated in the BEACON Phase II clinical trial.
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