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Dec 31, 2023
Lyra Q4 2023 Earnings Report
Reported financial results for Q4 and full year 2023 and provided a corporate update.
Key Takeaways
Lyra Therapeutics reported its Q4 and full year 2023 financial results, highlighting upcoming milestones for their product candidates LYR-210 and LYR-220, including topline results from the ENLIGHTEN I Phase 3 trial expected in Q2 2024. The company's cash runway is projected into the first quarter of 2025.
Topline results from ENLIGHTEN I pivotal Phase 3 clinical trial of LYR-210 are expected in Q2 2024.
Enrollment in ENLIGHTEN II, the second pivotal Phase 3 clinical trial of LYR-210, is expected to be completed in the second half of 2024.
Results from ENLIGHTEN I 52-week extension study are expected in Q4 2024.
An end-of-Phase 2 meeting for LYR-220 with the FDA is scheduled for the second half of 2024.
Lyra
Lyra
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CapyFin.com Forward Guidance
Lyra Therapeutics anticipates several milestones in 2024, focusing on clinical trial results and regulatory interactions.
Positive Outlook
- Reporting topline results from ENLIGHTEN I pivotal Phase 3 clinical trial of LYR-210 in Q2 2024.
- Completing enrollment in ENLIGHTEN II, the second pivotal Phase 3 clinical trial of LYR-210, in the second half of 2024.
- Reporting results from ENLIGHTEN I 52-week extension study in Q4 2024.
- Having an end of Phase 2 meeting for LYR-220 with the U.S. Food and Drug Administration (FDA) in the second half of 2024.
- Management believes its existing cash, cash equivalents and short-term investments balance are sufficient to fund the Company’s planned operations into the first quarter of 2025.