Lyra Therapeutics Restores Nasdaq Compliance by Sustaining $1 Stock Price Threshold
Executive Summary
Lyra Therapeutics, Inc. (NASDAQ: LYRA), a clinical-stage biopharmaceutical company focused on developing novel therapies for sinus and nasal diseases, has successfully regained compliance with Nasdaq's minimum bid price requirement by maintaining its stock price above the $1.00 threshold. This development alleviates concerns about potential delisting