Tyra Biosciences

Tyra Biosciences

TYRA
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TYRA · Stock Price

USD 32.90+22.81 (+226.07%)
Market Cap: $2.0B

Historical price data

Market Cap: $2.0BPipeline: 7 drugsPatents: 2Founded: 2018HQ: Carlsbad, United States

Overview

Tyra Biosciences is a clinical-stage biotech focused on developing next-generation, selective FGFR inhibitors for oncology and genetically defined skeletal conditions. Its core value proposition is its proprietary SNÅP discovery platform, which enables rapid, structure-based drug design to tackle resistance mutations and improve selectivity. The company has built a robust pipeline led by oral dabogratinib, now in Phase 2 for achondroplasia and with IND clearance for bladder cancer, supported by a strong team with deep drug development and commercialization expertise.

OncologySkeletal Dysplasia

Technology Platform

Proprietary SNÅP (Structure-based Nucleotide And Protein) Discovery Engine, a rapid structure-based drug design platform that accelerates crystallography and enables the iterative design of selective kinase inhibitors.

Pipeline

7
7 drugs in pipeline
DrugIndicationStageWatch
TYRA-300 0.125 mg/kg + TYRA-300 0.25 mg/kg + TYRA-300 0.375 ...AchondroplasiaPhase 2
TYRA-300 60mg + TYRA-300 50mg + TYRA-300 Dose TBDLow-grade NMIBCPhase 2
Dabogratinib (TYRA-300) 60mg + Dabogratinib (TYRA-300) 80mg ...Low Grade Upper Tract Urothelial CarcinomaPhase 2
TYRA-300Locally Advanced Urothelial CarcinomaPhase 1/2
TYRA-430Metastatic Hepatocellular CarcinomaPhase 1

Funding History

3
Total raised:$280M
IPO$150M
Series B$80M
Series A$50M

Opportunities

Tyra's primary opportunity lies in displacing first-generation FGFR inhibitors in oncology with its more selective, resistance-breaking candidates, and capturing a significant share of the growing achondroplasia market with a convenient oral therapy.
Its SNÅP platform also offers potential for expansion into other kinase families.

Risk Factors

Key risks include clinical trial failures, intense competition from other next-generation FGFR programs, the challenges of regulatory approval and future commercialization, and dependence on capital markets as a pre-revenue company.

Competitive Landscape

Tyra competes against approved but limited pan-FGFR inhibitors (e.g., erdafitinib, pemigatinib) and other next-generation candidates. Its differentiation is based on designed selectivity and potency against resistance mutations, aiming for best-in-class profiles in both oncology and skeletal dysplasia.

Company Timeline

2018Founded

Founded in Carlsbad, United States

2020Series A

Series A: $50.0M

2021IPO

IPO — $150.0M

2021Series B

Series B: $80.0M