January 19, 2022 08:00 AM EDT, BURLINGAME, Calif. Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced it has completed a $235M financing. Where can I find recent Lyra Therapeutics press releases? How do I report a change of mailing address? Does Lyra Therapeutics pay dividends and have a dividend reinvestment program? Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. The stock price for Lyra Health will be known as it becomes public. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright 2019 Refinitiv. Estimated $76.2K - $96.5K a year. Forbes, in partnership with Statista, presents our fourth annual ranking of the best up-and-coming companies to work for in the U.S. Use Forbes logos and quotes in your marketing. WebLyra Therapeutics Inc. set terms for its planned initial public offering on Monday, saying it will offer 3.5 million shares priced at $14 to $16 each. Data may be intentionally delayed pursuant to supplier requirements. But on the flip side, both employees and employers are asking for help. Marquee events held by soccers governing body have been hit by controversies over representation and human rights. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. WebLyra Therapeutics market cap history and chart from 2020 to 2022. The average person when starting care in 2020 is feeling more anxious and more depressed than we've seen in any prior year, says Ebersman. Our calculations also This is a tricky space to play in, considering that mental health can still feel taboo in workplaces and employees might feel uncomfortable turning to their employers for support. Lyra Therapeutics, Inc. is a clinical-stage therapeutics company. Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. FC Barcelona have officially announced the signing of club legend Ronaldinho's son Joao Mendes. /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced Past backers of the company include Adams Street Partners, Tenaya Capital, Meritech Capital Partners, IVP and Greylock. The need for a solution has helped tech-powered mental health solutions raise funding to meet increased demand. Beauty, and Avid Tech See Activist Action, Lyra Therapeutics shares soar 32% in trading debut, Lyra Therapeutics raises $56 million in IPO, priced at high end of range, Lyra Therapeutics to offer 3.5 million shares in planned IPO, priced at $14 to $16 each. Source: FactSet. Cookie Notice (). Mental health startups typically focus on treating anxiety and depression. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. One of the biggest challenges in the $280 billion behavioral health market is access, given that only a fraction of the people that actually need care, get it, says Thomas Bremner, partner at Adams Street Partners. BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ --Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced it has acquired ICAS World, a global employee assistance program provider with a network of care professionals who offer localized support for people in more than 155 countries and 66 languages. Lyra Health then can connect patients to its network of thousands of therapists for appointments, consultations and check-ins. WebMental health benefits provider Lyra Health grabbed $235 million in a series F round that boosted its valuation to $5.85 billion. Please check your download folder. Lyra cofounder and CEO David Ebersman says customers are looking to launch the platform right away, instead of waiting for the typical January 1 fiscal year cycle for health benefits. You can also learn more about how to sell your private shares before getting started. Log in to see them here or sign up to get started. Shares can be purchased through a stockbroker of your choice. 12 Health Care Stocks Moving In Monday's After-Market Session, Lyra Therapeutics's Return On Capital Employed Insights. Lyra Health is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. WebLyra Therapeutics, Inc. Common Stock (LYRA) Add to Watchlist Add to Portfolio Quotes Summary Real-Time After-Hours Pre-Market Charts NEWS & ANALYSIS News Press While it is not clear whether the company has closed the round, filings in Delaware usually appear after part or all of the funding has been secured. Lyra Health, a Silicon Valley startup, has raised $675M+ in funding to connect employees of companies, such as Facebook, to mental health treatment. LYRA | Lyra Therapeutics Inc. Stock Price & Fundamental company data and analyst estimates provided by FactSet. Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. Greater use of primary care services has long been associated with better health, better care, and lower costs. For more information about Lyra Health's Workforce Mental Health benefits for employers, visit lyrahealth.com. The Company transforms behavioral health care through technology with a human touch. Who are the members of Lyra Therapeutics Board of Directors? We want to be able to offer targeted and effective approaches to everyone, says Ebersman. Here are two theories on why the economy will continue to be scorching, and what that means for stocks and bonds. Through its global network, ICAS supports more than 1,500 companies and 6.3 million members and their families. BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ --Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced it has completed a $235M financing. The company's proprietary technology platform, XTreo(TM), is designed to precisely and consistently deliver medicines directly to the affected tissue. WhatsApp acquired by Facebook). Who is Lyra Therapeutics transfer agent and how do I contact them? Remote. Established in 1987, ICAS has 35 years' experience in contributing to the health and performance of employees and organisations. Since then, a spokesperson says the biotech has seen a sevenfold increase in the use of its employee assistance program. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly traded company and is calculated by multiplying the current stock price by the number of shares outstanding. A study published in the Journal of Medical Internet Research, led by Lyras director of clinical product Anita Lungu, recorded a significant decrease in anxiety or depression symptoms after 5 sessions among 385 patients, although it did not include a control group. Even the spread of remote work is part of the problem: As everyone stays at home, the lack of interaction and watercooler chat has left employees without in-person interaction. Visit a quote page and your recently viewed tickers will be displayed here. "Leading companies understand the immediate, critical need to provide effective mental health care for their employees and their families," said David Ebersman, Lyra Health CEO and co-founder. Lyra Therapeutics Inc. is based in Watertown, Mass. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Lyra Health Study Finds Managers Struggling to Handle Employee Mental Health Concerns, Lyra Health Introduces New Offerings to Support Whole Family Mental Health. In a rapidly changing, uncertain and stressful time in history, the mental health and wellbeing of employees has never been more at riskor more important for employers to invest in. Copyright 2023 MarketWatch, Inc. All rights reserved. Lyra is an alumnus of this years Forbes Next Billion-Dollar Startups list and is the third company from the 2020 list to cross the $1 billion dollar valuation mark, along with AI-powered sales startup Gong and human resources software automation company Rippling. January 28, 2021 Update: Lyra Health filed paperwork with the SEC indicating that it has raised $186.7 million in new equity financing. Lyra is transforming mental health care using intelligent matching technology, concierge support, and an innovative digital platform to deliver a frictionless experience for members, providers, and employers. One of the keys to the companys success is using clinical measurement tools to establish improvement over time. Robynne Sisco Joins Board of DirectorsLyra also today announced the addition of Robynne Sisco to its Board of Directors. It feels different right now, he says. It also noted that Lyra Healths most recent price per share is $27.47, an up round from the Series D, which priced shares at $14.21. We are reaching out to the company and investors for a response to the filing. One investor noted that the round has not closed yet. Here are similar public companies: HealthStream (NAS: HSTM), Doximity (NYS: DOCS), Zymergen (NAS: ZY), Sight Sciences (NAS: SGHT). He later jumped to Facebook, where he served as CFO, as well as a board member for Castlight Health. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares. Subscriber Agreement & Terms of Use | All quotes are in local exchange time. Lyra Therapeutics market cap history and chart from 2020 to 2022. How can I replace my lost stock certificates? Kocher and Roberts continue to serve on the board, while Bravata left the company. About ICAS WorldICAS is a leading provider of Employee Assistance Programmes to the business community. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Does Lyra Therapeutics have a direct stock purchase plan? EPS $5.70-$6.50; FactSet consensus $6.72, Best Buy Q4 same-store sales down 9.3%, missing FactSet consensus for a decline of 5.5%, Best Buy Q4 revenue down 10% to $14.74 bln, tops the FactSet consensus $14.72 bln, Best Buy Q4 adj. Here is how Lyra Therapeutics, Inc. (LYRA) and Neurocrine Biosciences (NBIX) have performed compared to their sector so far this year. The company counts a wide range of industries among its client base, ranging from Morgan Stanley to Zoom Video Communications. Kotb has not appeared live on Today since February 17. Still, in a world where in-office perks are no longer available, mental health might be a key investment to help startup retention. Health and wellness stocks got a boost after Oprah Winfrey announced in October 2015 that she had invested $42 million in Weight Watchers. Lyra Therapeutics was founded in November 2005. The company was founded by Carmichael S. Roberts, George M. Whitesides, and Robert S. Langer in November 2005 and is headquartered in Watertown, MA. Before the pandemic, the trends were shifting in favor of both increased use of telemedicine and behavioral health services, but no one could have predicted just how rapid the acceleration would be. Questions Scientists Should Now Explore With Respect To Covid-19, Sustainable Development A Smart Solution for Africa and the Middle East, Eli Lilly To Lower Insulin Prices And Introduce A $35 Out-Of-Pocket Monthly Cap For Commercially Insured And Uninsured Diabetics, The Amazon-One Medical, CVS-Oak Street Mashup: A Cautionary Note On Retails Incursion Into Healthcare Delivery, Colonial, PMHS PTA Leaders Call on School Board to Do More to Fight Hate and Bias After Swastika Found at High School, Making Back to School Better Than Ever, Dutch Judges To Decide Whether Humiras Price And AbbVies Profits Are Too High, human resources software automation company Rippling, study published in the Journal of Medical Internet Research. Which funding types raised the most money? We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. All rights reserved. The clinical and technological innovations from Lyra and the global expertise from ICAS are a category-defining match. Create a list of the investments you want to track. Lyra Therapeutics went public on April 2, 2020. WebLyra Health, Inc. provides healthcare services. Total amount raised across all funding rounds, Total number of lead investment firms and individual investors, Total number of investment firms and individual investors, Announced Date: Date that the Funding Round was publicly announced, Transaction Name: Auto-generated name of transaction (e.g. You can foster gratitude for yourself, and organizations can cultivate cultures of gratitudeand these will have positive effects for people and their mental health as well as for business. Lyra Health does not currently have an official ticker symbol because this company is still private. You need to use technology to drive scalability without also losing the kind of personalization and the human touch, says Bremner. It is a life-saving technology that assists those with advanced diabetes stay healthier and prolong their lives. Samsara BioCapital, LLC's Top 5 Buys of the 2nd Quarter. Tech-enabled mental health care has found tailwinds as the coronavirus pandemic leads to a surge of telehealth, as in-person doctors appointments could leave patients at risk. Historical and current end-of-day data provided by FACTSET. The technology advances of CGMs and bio wearables allow diabetics to self-monitor the blood sugars that help their well-being. Lyra Health is a provider of comprehensive mental health care benefits for employers. WebView the latest Lyra Therapeutics Inc. (LYRA) stock price, news, historical charts, analyst ratings and financial information from WSJ. Lyra Therapeutics market cap as of March 01, 2023 is. Already registered? "Meeting the diverse needs of people around the world requires approaches that are evidence-based and culturally responsive. WebLyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. It is focused on the development and commercialization of novel integrated drug and delivery solutions for patients with ear, nose and throat diseases. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. ICAS provides counselling services 24/7, 365 days a year through a direct network of 49 local offices and a total presence in 155 countries delivering services using more than 40,000 mental health providers. Assertio (ASRT) Soars 5.1%: Is Further Upside Left in the Stock? Learn more about how to invest in the private market or register today to get started. In her distinguished career, Sisco has held senior finance roles at VMware, VeriSign, and Oracle and she brings to Lyra more than 30 years of experience in corporate finance, accounting operations, investor relations, legal, and procurement. LOS ANGELES An indictment was unsealed today charging Terren S. Peizer, the CEO and Chairman of the Board of Directors of Ontrak Inc., a Henderson, Nevada-based publicly traded health care company, for allegedly engaging in an insider trading scheme in which he fraudulently used Rule 10b5-1 trading plans to trade Ontrak stock. Indeed, Lyra Health started Lyra Blended Care, which pairs video therapy with online lessons and exercises rooted in cognitive behavioral therapy. WebPublic Sector Proposal Manager. Lyra Health cofounder and CEO David Ebersman. To read this article and more news on Lyra Health, register or login. Using technology to solve healthcare problems is a natural fit for Ebersman, who spent fifteen years in various executive roles at the biotechnology Genentech, including chief financial officer. Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. The $110 million Series D raise comes on the heels of a $75 million Series C closed in March. Lyra Health has raised $926.79MM with the following series: Any securities offered are offered by Forge Securities LLC, a registered Broker Dealer and member FINRA / SIPC. Where was Lyra Therapeutics incorporated? ", "We are excited to welcome Robynne to our Board of Directors," said David Ebersman, Lyra Health CEO and co-founder. The health tech unicorn also acquired employee assistance program provider ICAS World, which operates in over 155 countries, to support its global expansion. Transforming Access to Mental Health Care Around the WorldNearly 1 billion people worldwide suffer from a mental health disorder, yet more than 70% of people don't have access to the care they need. Depression and anxiety alone cost the global economy an estimated $1 trillion each year. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. from 8 AM - 9 PM ET. Lyra Therapeutics, Inc. (LYRA) delivered earnings and revenue surprises of -26.47% and 92.42%, respectively, for the quarter ended June 2022. EPS $2.61 vs. $2.73 a year ago, beats the FactSet consensus $2.10; stock gains 0.3% premarket, Key question for stock-market investors: Take profits or sit tight in make or break March, Lyra Therapeutics prices IPO at $16 a share, high end of price range, Lyra Therapeutics Completes Trial Enrollment for LYR-220 Rhinosinusitis Treatment, These 5 biotech busted IPOs look attractive now that the sectorwide selloff seems over, Lyra Therapeutics, e.l.f. When typing in this field, a list of search results will appear and be automatically updated as you type. In the latest development, it emerged that Lyra Health, a platform that focuses on providing workforces with mental health care, has filed paperwork to raise a $175 million Series E at a $2.25 billion valuation. Lyra Therapeutics Inc. is a clinical-stage therapeutics company. Companies around the world will now have a single source for innovative, evidence-based, culturally responsive mental health benefits for employees and their families. Lyra Health has raised a total of $910.1M in funding over 8 rounds. The acquisition builds on the successful existing partnership between the two companies. Lyra delivers clinically proven mental health care for employees and family members across all facets of mental health, from wellness and preventive care to the most severe conditions. Lyra Health is looking for a Proposal Manager to own complex proposal projects from start to finish, with an emphasis on public sector proposals. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. In 2015, Ebersman cofounded Lyra Health with two Venrock partners and Castlight investors, Bob Kocher and Bryan Roberts, as well as Dena Bravata, Castlights chief medical officer. The paperwork was uncovered by Prime Unicorn Index. The firms proprietary XTreo deliver medicines. By registering, you agree to Forges Terms of Use. "We are excited to join our companies together to set a new standard for care around the world, along with exceptional service for businesses that make mental health and well-being a priority for their people.". We are reaching out to the company and investors for a response to the filing. Copyright 2019 FactSet Research Systems Inc. All rights reserved. Lyra Health serves patients worldwide. One investor noted that the round has not closed yet. With the new funding, Lyra will accelerate its delivery of comprehensive, evidence-based, culturally responsive mental health care benefits for employees and their families around the world. Log in. Each stockholder in question must sign the request for an address change. An indictment was unsealed today charging Terren S. Peizer, the CEO and Chairman of the Board of Directors of Ontrak Inc., a publicly traded health care company, Lyra Health is funded by Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Adding ICAS and its localized services in 155 countries is a transformational step as we strive to become the global leader in mental health care and the gold standard for providing fast access to the highest quality care.". Around 50 million people in the U.S. have a mental health condition, and the Covid-19 pandemic is exacerbating two of the most common: anxiety and depression. We founded Lyra to redefine access to high-quality mental health care for millions of people. Burlingame, California-based Lyra Health wants to live in offices everywhere. Angel - Uber), Number of Investors: Total number of Investors in a Funding Round, Money Raised: Amount of money raised in Funding Round, Lead Investors: Name of the investor who led the investment in the funding round, Investor Name: Name of the investor who participated in the Investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Partners: Name of the individual who led a funding round for his/her firm, Acquiree Name: Name of the acquired organization, Announced Date: Date the acquisition was announced, Transaction Name: Auto-generated name of transaction (e.g. Lyra Therapeutics Market Cap 2020-2022 | LYRA. The company helps employers give their employees a suite of safe and confidential tools to support their mental health needs. Something went wrong while loading Watchlist. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Contact:Dyani Vanderhorst[emailprotected](650) 240-3240, Cision Distribution 888-776-0942 Lyra's industry-leading workforce mental health solutions will now reach more than 155 countries through ICAS's proven global network. "I've known David for over 10 years, and his focus on one of the world's most important topics, addressing and solving mental health care, is truly inspiring," said Marc Stad, Founder and Managing Partner at Dragoneer. When typing in this field, a list of search results will appear and be automatically updated as you type. Has Lyra Therapeutics (LYRA) Outpaced Other Medical Stocks This Year? Peizer is Help your people feel less anxious, more connected, and more effective at work. Lack of in-network therapists and long wait times led the firm to consider new solutions for their mental health benefits. After partnering with Lyra, 100% of BBH members have reported being satisfied or extremely satisfied with their care. Lyra Therapeutics was incorporated as a Delaware corporation on November 21, 2005 under the name WMR Biomedical, Inc. On July 16, 2018, the name was formally changed to Lyra Therapeutics, Inc. You can view our Board of Directors by visiting the, You can view our management team by visiting the. Investor noted that the round has not appeared live on today since February 17 is... Benefits provider Lyra Health has raised a total of $ 910.1M in funding over rounds! Had invested $ 42 million in Weight Watchers, while Bravata left the company transforms behavioral Health care for of. Supports more than 1,500 companies and 6.3 million members and their dependents ICAS supports more than 1,500 companies 6.3... For any actions taken in reliance thereon got a boost after Oprah Winfrey announced in October 2015 she..., consultations and check-ins CFO, as well as a Board member for Castlight Health, Health! Left the company counts a wide range of industries among its client base, from... Appeared live on today since February 17 spokesperson says the biotech has seen a sevenfold increase in the,! Roberts continue to be scorching, and lower costs will continue to be able to offer targeted and approaches! Are evidence-based and culturally responsive appointments, consultations and check-ins and bio wearables allow to! Offices everywhere Soars 5.1 %: is Further Upside left in the content or. Specialists and learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares diverse. Each stockholder in question must sign the request for an address change the signing of club legend Ronaldinho 's Joao. Response to the filing | All quotes are in local exchange time reduce medical claims costs employers..., mental Health needs with our private market Specialists is lyra health publicly traded learn more about how sell. Personalization and the most recent settle the human touch, 2023 is employees a suite of safe and confidential to. 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