Tyra Biosciences, Inc. Stock Price, News & Analysis

Tyra Biosciences (Nasdaq: TYRA), a clinical-stage biotechnology firm, announced its participation in key investor conferences. CEO Todd Harris will engage in a fireside chat at Cantor's The Future of Oncology Virtual Symposium on April 4, 2023, at 2:15 PM ET. He will also present at the Bank of America 2023 Healthcare Conference on May 11, 2023, at 9:35 AM PT. TYRA focuses on developing precision medicines targeting FGFR biology and utilizes its innovative SNÅP platform for drug design. For live updates and webcasts, visit the company's investor page.

Tyra Biosciences (TYRA) reported financial results for 2022 and highlighted key milestones. The company initiated patient dosing for TYRA-300 in the SURF301 oncology study and expanded its pipeline to treat achondroplasia. The FDA cleared the IND for TYRA-200's Phase 1 study, expected to begin in 2H 2023. For 2022, TYRA recorded a full-year net loss of $55.3 million, compared to $26.3 million in 2021. R&D expenses increased to $43 million, and the company maintains a strong cash position with $251.2 million available, ensuring over two years of runway for its development plans.

Tyra Biosciences (Nasdaq: TYRA) announced the expansion of TYRA-300's development into achondroplasia following promising preclinical results. The oral FGFR3 selective inhibitor exhibited significant growth and bone length increases in preclinical models, including a 17.6% increase in body length and notable femur and tibia length improvements. A Phase 2 clinical study is planned for 2024, addressing unmet medical needs in children with achondroplasia. Additionally, TYRA has received FDA clearance for a Phase 1 study of TYRA-200, aimed at advancing its pipeline. A conference call was held on March 1 to discuss these developments.

Tyra Biosciences (Nasdaq: TYRA), a precision oncology company, announced its participation in two upcoming investor conferences. CEO Todd Harris will engage in a fireside chat at the Cowen 43rd Annual Healthcare Conference on March 7, 2023, at 10:30 am ET. Additionally, he will provide a company overview virtually at the Oppenheimer 33rd Annual Healthcare Conference on March 15, 2023, at 12:00 pm ET. Live and archived webcasts can be accessed through the Investor section of the TYRA website. Tyra focuses on developing therapies to combat tumor resistance, utilizing its proprietary SNÅP platform to design selective inhibitors targeting FGFR.

Tyra Biosciences has initiated the SURF301 Phase 1/2 clinical study for TYRA-300, an oral FGFR3-selective inhibitor for metastatic urothelial carcinoma, marking a pivotal shift to a clinical-stage company. The first patient has been dosed, with an emphasis on addressing unmet needs in both FGFR resistant and naïve populations. The study aims to establish optimal dosing and evaluate preliminary antitumor activity. Results and updates will be shared as data matures, with further details available on their website.