Lyra Therapeutics (NASDAQ:LYRA) has developed the XTreo™ platform based on expertise in materials science, drug development and formulation. This proprietary technology platform is designed to enable sustained delivery of medications for many months of therapy, targeting tissues deep in the ENT passages and potentially other diseased tissues that are not accessible with conventional therapeutic approaches.
In addition to ENT indications, this platform technology has been tested as a pediatric resorbable, self-expanding scaffold to address a significant unmet clinical need for children with cardiovascular defects. The scaffold technology is capable of providing a combination of strength and flexibility to support lumen patency and apposition during vessel growth. While resorption facilitates re-intervention, if necessary, with no permanent implant left behind.
Lyra Therapeutics went public via IPO in May, 2020.