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LYRA THERAPEUTICS INC

LYRA

Health Care

1

exclusion reason

1 theme

Animal Welfare (1)
LYRA Health Care Current as of March 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Animal Testing & Research
Since Mar 12, 2026

Lyra Therapeutics is a clinical-stage biotechnology company whose primary product candidates, LYR-210 and LYR-220, are designed to treat chronic rhinosinusitis. The development pathway for these pharmaceutical candidates inherently involves animal testing to satisfy regulatory requirements for safety and efficacy prior to human clinical trials. This standard practice in drug development constitutes commercial exploitation of animals under the firm's exclusion policy.

The provided evidence searches returned no specific documentation of Lyra's animal testing protocols, violations, or scale. This is a common gap for pre-commercial biotech firms, as detailed laboratory practices are rarely disclosed in public SEC filings, which focus on financial and broad regulatory risks. The absence of explicit evidence does not negate the activity; animal testing is a foundational, non-optional component of bringing a new chemical entity like LYR-210 through the FDA review process. The company's business model is predicated on this exploitation.

Research Sources 1 organization
Cruelty Free Investors
External

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.