This is book number 9 in the Dragonriders of Pern (Audio) series.
The beautiful planet Pern seemed a paradise to its new colonists--until unimaginable terror turned it into hell. Suddenly deadly spores were falling like silver threads from the sky, devouring everything--and everyone--in their path. It began to look as if the colony, cut off from Earth and lacking the resources to combat the menace, was doomed.
Then some of the colonists noticed that the small, dragonlike lizards that inhabited their new world were joining the fight against Thread, breathing fire on it and teleporting to safety. If only, they thought, the dragonets were big enough for a human to ride and intelligent enough to work as a team with a rider....
And so they set their most talented geneticist to work to create the creatures Pern so desperately needed--Dragons