financetom
Business
financetom
/
Business
/
Why Is Lyra Therapeutics Stock Surging Over 400% On Monday?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Why Is Lyra Therapeutics Stock Surging Over 400% On Monday?
Jun 2, 2025 5:47 AM

Lyra Therapeutics ( LYRA ), Inc. released results on Monday from the ENLIGHTEN 2 Phase 3 trial of LYR-210 in adult patients with Chronic Rhinosinusitis (CRS).

The ENLIGHTEN 2 trial met its primary endpoint, with LYR-210 demonstrating statistically significant improvement compared to sham control in a composite of the three cardinal symptoms (3CS) of CRS (nasal obstruction, nasal discharge, facial pain/pressure) at week 24 (p=0.0078) in patients without nasal polyps.

Also Read: Amgen-AstraZeneca Partnered Asthma Drug Shows Rapid And Sustained Effect In Chronic Rhinosinusitis

The ENLIGHTEN 2 trial also met the key secondary endpoints of 3CS at 24 weeks in the full population (i.e., patients with and without nasal polyps) and in the clinically validated SNOT-22 score at 24 weeks, with symptom improvement observed as early as week 4.

Improvements in SNOT-22 were sustained throughout the trial and were clinically meaningful. More than twice the minimal clinically important difference was observed at week 24 compared to baseline in the LYR-210 group (-22.4 points).

Consistent with previous studies, LYR-210 was well-tolerated, with a safety profile similar to sham control.

Data evaluating computed tomography (CT) scans demonstrated numerical improvement in ethmoid sinus opacification in patients who received LYR-210, compared to sham control at week 20 (-2.15; p=0.1809). These data provide objective radiological evidence of improvement with LYR-210 treatment.

LYR-210 patients showed no difference from sham patients in using corticosteroid rescue medication; however, the LYR-210 patients had fewer endoscopic sinus surgeries than sham control.

LYR-210 was well tolerated, with no product-related serious adverse events in the ENLIGHTEN 2 trial.

The ENLIGHTEN program consists of two Phase 3 trials, ENLIGHTEN 1 and ENLIGHTEN 2, to evaluate the efficacy and safety of LYR-210 for CRS.

While the ENLIGHTEN 2 trial met its primary endpoint and key secondary endpoints, the ENLIGHTEN 1 trial did not meet the primary or secondary endpoints, as reported in May 2024.

Lyra also conducted a pooled data analysis of 64 CRS patients with small nasal polyps (grade 1) from the ENLIGHTEN 1 and ENLIGHTEN 2 trials. The data demonstrated a consistent positive trend compared to sham control over 24 weeks in multiple endpoints:

Improvement in 3CS with LYR-210 compared to sham control at week 24, starting as early as week 4.

Improvement in SNOT-22 score with LYR-210 compared to sham control at week 24, starting as early as week 4.

Improvements in percent ethmoid opacification with LYR-210 compared to sham control at week 20.

Improvements in nasal congestion score (NCS) with LYR-210 compared to sham control at week 24 for patients with moderate to severe NCS at baseline, starting as early as week 4.

Improved nasal polyp score with LYR-210 compared to sham control at week 24.

In March, the Food and Drug Administration (FDA) accepted for review GSK plc's ( GSK ) marketing application for depemokimab in two indications:

Add-on maintenance treatment of asthma in adult and pediatric patients aged 12 years and older with type 2 inflammation characterized by an eosinophilic phenotype on medium- to high-dose inhaled corticosteroids (ICS) plus another asthma controller

Add-on maintenance treatment in adult patients with inadequately controlled chronic rhinosinusitis with nasal polyps (CRSwNP).

Price Action: LYRA stock is up 411.6% at $25.22 during the premarket session at the last check on Monday.

Read Next:

Pfizer Reports Survival Gains In Colorectal Cancer Study, Combo Therapy Cuts Death Risk By Over 50%

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
ADM posts drop in Q3 earnings in delayed report, revises segment core profit
ADM posts drop in Q3 earnings in delayed report, revises segment core profit
Nov 19, 2024
Nov 18 (Reuters) - Global grain trader Archer-Daniels-Midland ( ADM ) posted a drop in third-quarter profit on Monday and said in its delayed filing that it has revised its calculation of total segment operating profit. The company had on Nov. 5 delayed its earnings statement and cut its 2024 profit outlook to amend previous financial statements due to the...
Symbotic Fiscal Q4 Swings to Net Income as Revenue Rises; Q1 Guidance Set
Symbotic Fiscal Q4 Swings to Net Income as Revenue Rises; Q1 Guidance Set
Nov 19, 2024
04:21 PM EST, 11/18/2024 (MT Newswires) -- Symbotic ( SYM ) reported fiscal Q4 net income late Monday of $0.05 per diluted share, swinging from a loss of $0.08 a year earlier. Revenue in the three months ended Sept. 28 rose to $576.8 million from $391.9 million a year earlier. The company expects fiscal Q1 revenue of $495 million to...
US SEC charges Bit Mining with violating Foreign Corrupt Practices Act
US SEC charges Bit Mining with violating Foreign Corrupt Practices Act
Nov 19, 2024
WASHINGTON (Reuters) - The Securities and Exchange Commission has charged Bit Mining with violating the Foreign Corrupt Practices Act in connection with bribery scheme to influence members of Japanese Parliament, it said on Monday. The SEC said the company agreed to pay a $4 million civil penalty to resolve charges that it violated the act from 2017 to 2019 by...
Mongodb Insider Sold Shares Worth $1,480,541, According to a Recent SEC Filing
Mongodb Insider Sold Shares Worth $1,480,541, According to a Recent SEC Filing
Nov 19, 2024
04:22 PM EST, 11/18/2024 (MT Newswires) -- Michael Lawrence Gordon, COO and CFO, on November 14, 2024, sold 5,000 shares in Mongodb ( MDB ) for $1,480,541. Following the Form 4 filing with the SEC, Gordon has control over a total of 84,307 shares of the company, with 80,307 shares held directly and 4,000 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1441816/000144181624000240/xslF345X05/wk-form4_1731964270.xml Price:...
Copyright 2023-2026 - www.financetom.com All Rights Reserved