Commitments and Contingencies

6 Months Ended

Jun. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

9. Commitments and Contingencies

On May 10, 2023, the Company filed a complaint in the Superior Court of the State of Delaware against a former contract manufacturer alleging breach of contract. The Company alleged in its complaint that its former contract manufacturer breached the Master Clinical Supply Agreement (“MCSA”) by misrepresenting their ability to produce LYR-210 in accordance with the Company’s specifications and with a robust quality system in place, and failed to return certain customer materials and equipment as required under the MCSA. The Company’s complaint seeks monetary damages and the return of equipment and materials that the Company owns. On June 1, 2023, the same contract manufacturer filed an answer and counterclaims to the Company’s May 10, 2023 complaint, alleging claims for breach of contract in excess of $7 million, as well as claims for breach of implied covenant of good faith and fair dealing, promissory estoppel, and declaratory judgment all relating to the parties’ relationship under the MCSA. On June 21, 2023, the Company filed a partial motion to dismiss the contract manufacturer’s claims for breach of the implied covenant of good faith and fair dealing and promissory estoppel.