BUZZ-Lyra Therapeutics plunges after halting development of lead nasal drug

Reuters

01/12

BUZZ-<a href="https://laohu8.com/S/LYRA">Lyra Therapeutics</a> plunges after halting development of lead nasal drug

** Shares of drug developer Lyra Therapeutics LYRA.O plummet 39% to $2.28 premarket

** LYRA says it will stop developing its lead drug LYR-210 for chronic rhinosinusitis, an inflammation of the nasal passages and sinuses

** Says it will cut most of its workforce; retain CEO and CFO as consultants

** SSG Capital Advisors engaged to explore strategic alternatives - LYRA

** Move comes after co reported positive late-stage trial data for LYR-210 in June that drove shares up over 300%

** LYRA had $22.1 million in cash as of September 30, and expects remaining funds to last into Q3 2026

** Stock fell 71.5% in 2025

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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retain CEO and CFO as consultants</p><p>** SSG Capital Advisors engaged to explore strategic alternatives - LYRA</p><p>** Move comes after co reported positive late-stage trial data for LYR-210 in <span>June</span> that drove shares up over 300%</p><p>** LYRA had $22.1 million in cash as of September 30, and expects remaining funds to last into Q3 2026</p><p>** Stock fell 71.5% in 2025</p><p>(Reporting by Kamal Choudhury in Bengaluru)</p><p>((Kamal.Choudhury@thomsonreuters.com;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LYRA","symbol_name":"Lyra Therapeutics, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260112:nL4N3YD10T:1","article_id":"2602683543","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2602683543","pubTimestamp":1768225848,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Lyra Therapeutics plunges after halting development of lead nasal drug** Shares of drug developer Lyra Therapeutics LYRA.O plummet 39% to $2.28 premarket** LYRA says it will stop developing its lead drug LYR-210 for chronic rhinosinusitis, an inflammation of the nasal passages and sinuses** Says it will cut most of its workforce; retain CEO and CFO as consultants** SSG Capital Advisors engaged to explore strategic alternatives - LYRA** Move comes after co reported positive late-stage trial data for LYR-210 in June that drove shares up over 300%** LYRA had $22.1 million in cash as of September 30, and expects remaining funds to last into Q3 2026** Stock fell 71.5% in 2025","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LYRA":"Lyra Therapeutics, Inc.","BK4007":"制药"},"translate_title":"BUZZ-Lyra Therapeutics停止主要鼻用药物开发后股价暴跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LYRA":0.9},"content_text":"BUZZ-Lyra Therapeutics plunges after halting development of lead nasal drug** Shares of drug developer Lyra Therapeutics LYRA.O plummet 39% to $2.28 premarket** LYRA says it will stop developing its lead drug LYR-210 for chronic rhinosinusitis, an inflammation of the nasal passages and sinuses** Says it will cut most of its workforce; retain CEO and CFO as consultants** SSG Capital Advisors engaged to explore strategic alternatives - LYRA** Move comes after co reported positive late-stage trial data for LYR-210 in June that drove shares up over 300%** LYRA had $22.1 million in cash as of September 30, and expects remaining funds to last into Q3 2026** Stock fell 71.5% in 2025(Reporting by Kamal Choudhury in Bengaluru)((Kamal.Choudhury@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"productRelease","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":true,"code":"91000000","status":"200"}}}