Lyra Therapeutics shares are trading higher after the company announced its BEACON Phase 2 study of LYR-220 for chronic rhinosinusitis in patients with prior ethmoid sinus surgury met its primary endpoint.
Portfolio Pulse from Benzinga Newsdesk
Lyra Therapeutics announced that its BEACON Phase 2 study of LYR-220 for chronic rhinosinusitis in patients with prior ethmoid sinus surgery met its primary endpoint. This news has led to an increase in the company's share price.
September 12, 2023 | 12:57 pm
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Lyra Therapeutics' successful Phase 2 study of LYR-220 has led to a rise in its share price.
The successful outcome of the BEACON Phase 2 study of LYR-220, a product of Lyra Therapeutics, has led to an increase in the company's share price. This is because successful clinical trials often lead to increased investor confidence, which can drive up the price of a company's shares.
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IMPORTANCE 80
RELEVANCE 100