Aside from the disclosure on some surveys, Lyra has laid out its data practices in a privacy policy, a more than 5,000-word document that lives at the bottom of its website. The company says the data sharing complies with the Health Insurance Portability and Accountability Act of 1996 (HIPAA), which regulates the use of health information. Will Retail Health Really Disrupt Healthcare? Log in. You need to use technology to drive scalability without also losing the kind of personalization and the human touch, says Bremner. For more information about Lyra Health's innovative mental health benefits for employers, visit lyrahealth.com. 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. LYRA | Lyra Therapeutics Inc. Stock Price & January 28, 2021 Update: Lyra Health filed paperwork with the SEC indicating that it has raised $186.7 million in new equity financing. With this acquisition, Lyra and ICAS are setting a new standard for global mental health care. 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, for allegedly engaging in an insider trading scheme in which he fraudulently used Rule 10b5-1 trading plans to trade Ontrak stock. Mental health startups typically focus on treating anxiety and depression. The World Health Organization estimates that the loss in productivity due to depression and anxiety alone costs the global economy $1 trillion each year. This means international expansion and investment in more clinical services, as well as expanding the companys market segment beyond large employers and aiming at government and commercial health plans. Lyras solution combines one-on-one video sessions with digital exercises to reinforce cognitive behavioral therapy lessons. Prime Unicorn Index notes that the terms surrounding this Series E round include a pari passu liquidation preference with all other preferred, and conventional convertible, meaning they will not participate with common stock if there are remaining proceeds. 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. How do I contact Investor Relations with a question or request? 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. How much funding has this organization raised over time? I'm a senior writer covering healthcare technology. BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced All Rights Reserved. We want to be able to offer targeted and effective approaches to everyone, says Ebersman. Lyra Therapeutics went public on April 2, 2020. Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. 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, Have Watchlists? Its initial product candidates consist LYR-210 and LYR-220 which are in clinical stage. 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. We seem to be in a period of rapid growth rounds getting raised in quick succession for the most promising startups. WebView the latest Lyra Therapeutics Inc. (LYRA) stock price, news, historical charts, analyst ratings and financial information from WSJ. HSAs give Americans control over their healthcare dollarsand help them save and pay for the care they need. Lyra Health, a Silicon Valley startup, has raised $675M+ in funding to connect employees of companies, such as Facebook, to mental health treatment. Depression and anxiety alone cost the global economy an estimated $1 trillion each year. 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. Here are two theories on why the economy will continue to be scorching, and what that means for stocks and bonds. The moment is now to offer better mental health services., Full coverage and live updates on the Coronavirus, This is a BETA experience. Source: Kantar Media. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Which investors participated in the most funding rounds? Lyra Therapeutics was founded in November 2005. 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. For more details on financing and valuation for Lyra Health, register or login. Lyra Therapeutics, Inc. is a clinical-stage therapeutics company. 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. Cookie Notice (). Where was Lyra Therapeutics incorporated? 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. 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. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. The all time high for this statistics is 8. The company helps employers give their employees a suite of safe and confidential tools to support their mental health needs. This suggests a possible upside of 620.2% from the stock's current price. The company counts a wide range of industries among its client base, ranging from Morgan Stanley to Zoom Video Communications. The paperwork was uncovered by Prime Unicorn Index. FC Barcelona have officially announced the signing of club legend Ronaldinho's son Joao Mendes. Full-time. 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. 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. from 8 AM - 9 PM ET. There have been a number of categories of technology that have seen a bump of usage and interest during this coronavirus pandemic, and sadly or perhaps usefully, depending on how you look at it mental health and wellness startups, aimed at helping our well-being in this trying time, have been one of them. Their LYRA share price forecasts range from $15.00 to $20.00. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares. This browser is no longer supported at MarketWatch. 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. "Her deep expertise in finance and operations at leading global organizations will be significant assets for Lyra as we work together to provide a single source for effective mental health care for the world's greatest companies.". 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. 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. Currently, Lyra Therapeutics does not offer a dividend or a dividend reinvestment program. If I have questions regarding Lyra Therapeutics that have not been answered, whom should I contact. Create a list of the investments you want to track. How can I sign up to receive Lyra Therapeutics press releases and other company information? WebLyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. About Dragoneer Investment GroupDragoneer is a growth-oriented investment firm with over $25 billion in long-duration capital. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities. Log in to see them here or sign up to get started. Historical and current end-of-day data provided by FACTSET. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. How can I replace my lost stock certificates? Dragoneer has been an investor in companies such as Airbnb, Alibaba, Atlassian, AppFolio, Bytedance, Carbon Health, Ceridian, Chime, Datadog, Doordash, Duck Creek, Livongo, Maven, PointClickCare, Procore, Slack, Samsara, ServiceTitan, Snowflake, Spotify, Uber, UiPath, and others. 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. WhatsApp acquired by Facebook). About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. The Company transforms behavioral health care through technology with a human touch. 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. After swirling media reports over the last few weeks that Lyra Health was raising a massive amount of new funding, the Burlingame-based mental health benefits 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 How do I report a change of mailing address? For more information and address change forms, contact American Stock Transfer by telephone at, Quarterly & Annual Reports and other investor materials, when available, can be found in, You can view our recent press releases by visiting the, For media inquiries please send an email to, You can view information on our development programs by visiting the, For investor related questions please send an email to, To request additional information, please visit our. Edit Post-Money Valuation Data by PrivCo Section. Lyra has raised around $275 million to date. Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. We founded Lyra to redefine access to high-quality mental health care for millions of people. If you own Lyra Health pre-IPO shares and are considering selling, you can find what your shares could be worth on Forges secondary marketplace. Samsara BioCapital, LLC's Top 5 Buys of the 2nd Quarter. Its time to get rid of the biggest con job in healthcare. 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. Does Lyra Therapeutics pay dividends and have a dividend reinvestment program? Mr. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Something went wrong while loading Watchlist. Lyra Therapeutics, Inc. is a clinical-stage therapeutics company. It develops novel integrated drug and delivery solutions for the localized treatment of patients with ear, nose and throat, or ENT, diseases. One of the keys to the companys success is using clinical measurement tools to establish improvement over time. About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 4 million global employees and their dependents. Learn more about how to invest in the private market or register today to get started. Access to Global Mental Health CareLyra and ICAS have a proven partnership supporting large global organizations. Please check your download folder. You may opt-out by. Still, in a world where in-office perks are no longer available, mental health might be a key investment to help startup retention. Peizer is Just last week, the meditation app Calm raised $75 million at a $2 billion valuation. The stock price for Lyra Health will be known as it becomes public. 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. This acquisition accelerates Lyra's investment in making culturally responsive mental health care services, such as mental health assessments, coaching, therapy, and guided self-care available on a global scale. The firm's track record includes public and private investments across industries and geographies, with a particular focus on technology-enabled businesses. Addressing the industry misfit between needs and technology is key, and there are three areas that must improve. Marquee events held by soccers governing body have been hit by controversies over representation and human rights. Lyra Therapeutics, Inc. (NASDAQ: LYRA) was in 6 hedge funds' portfolios at the end of September. 12 Health Care Stocks Moving In Monday's After-Market Session, Lyra Therapeutics's Return On Capital Employed Insights. But on the flip side, both employees and employers are asking for help. LYRA is not currently paying a regular dividend. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Located in San Francisco-Oakland-Fremont, CA Metropolitan Area. Just as they have access to an acupuncturist or physical therapist, we encourage our employees to consider Lyra part of their holistic care team.. Fundamental company data and analyst estimates provided by FactSet. Estimated $76.2K - $96.5K a year. Lyra Therapeutics Market Cap 2020-2022 | LYRA. Intraday data delayed at least 15 minutes or per exchange requirements. "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. Lyell Immunopharma (LYEL) Reports Q4 Loss, Tops Revenue Estimates, Theravance Biopharma (TBPH) Reports Q4 Loss, Lags Revenue Estimates, PTC Therapeutics (PTCT) Reports Q4 Loss, Misses Revenue Estimates, Sage Therapeutics, Inc. (SAGE) Reports Q4 Loss, Tops Revenue Estimates, Analysts Offer Insights on Healthcare Companies: Cigna (CI), Idexx Laboratories (IDXX) and Lyra Therapeutics (LYRA), Stocks That Hit 52-Week Lows On Wednesday, Lyra Therapeutics, Inc. (LYRA) Reports Q3 Loss, Misses Revenue Estimates, Important Biotech Catalysts For September 13, 2022 - End Of The Day Summary, Lyra's Mid-Stage Chronic Rhinosinusitis Candidate Study Progressed, Shares Fall, Important Biotech Catalysts For September 8, 2022 - End Of The Day Summary, Lyra Therapeutics's Return On Capital Employed Overview, Lyra Therapeutics, Inc. (LYRA) Reports Q2 Loss, Lags Revenue Estimates. Who are the members of Lyra Therapeutics Executive Team? Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. WebLyra Health Company Stats Industry Healthcare Founded 2015 Headquarters Burlingame, California Country United States Co-Founder & CEO David Ebersman Forbes Lists #3 Burlington Stores stock rises on positive Q1 earnings outlook, Best Buy Q4 sees FY2024 adj. Contact:Dyani Vanderhorst[emailprotected]m (650) 240-3240, Cision Distribution 888-776-0942 Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. 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. For the best MarketWatch.com experience, please update to a modern browser. 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 does not offer a direct stock purchase plan. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. 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. 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. All rights reserved. Visit a quote page and your recently viewed tickers will be displayed here. The firms proprietary XTreo deliver medicines. Lyra Health is a private company and not publicly traded. One such customer is Genentech, which began partnering with Lyra in October 2018. The flywheel continues. Addressing a Global CrisisMental health is a global crisis. However, Lyras clients are actually the corporations they are the ones who pay for the Lyra service. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Assertio (ASRT) Soars 5.1%: Is Further Upside Left in the Stock? Their latest funding was raised on Jan 19, 2022 from a Series F round. Lyra has raised around $275 million to date. Lyra's industry-leading workforce mental health solutions will now reach more than 155 countries through ICAS's proven global network. Remote. The $110 million Series D raise comes on the heels of a $75 million Series C closed in March. 2023 Forbes Media LLC. The Burlingame, California-based company expects to hit more than $100 million in revenue by the end of the year, and the latest funding round brings its valuation to $1.1 billion, according to a company representative. Lyra Therapeutics transfer agent is American Stock Transfer & Trust Company, LLC (American Stock Transfer): Please contact our transfer agent, American Stock Transfer, by telephone at, You must send both your old and new addresses to our transfer agent, American Stock Transfer, by U.S. mail. One investor noted that the round has not closed yet. "As the demand for mental health care accelerates worldwide, I am honored to join them in the quest to deliver a powerful support system for companies and their employees. Telehealth platform Lyra is taking on bigger mental health challenges. WebLyra Therapeutics market cap history and chart from 2020 to 2022. 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. With this additional capital, Lyra will have the opportunity to further distinguish itself as the leader in mental health domestically and expand internationally to address a global need.". Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Robynne Sisco Joins Board of DirectorsLyra also today announced the addition of Robynne Sisco to its Board of Directors. It develops novel integrated drug and delivery solutions for the localized treatment of patients with ear, nose and throat, or ENT, diseases. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. While a randomized controlled trial would be needed to truly determine clinical effectiveness, the study suggests that Lyras teletherapy model could potentially achieve faster results than the typical 12 to 16 weeks of standard treatment. For more information about Lyra Health's Workforce Mental Health benefits for employers, visit lyrahealth.com. During the pandemic, Lyra Health has brought on 80,000 new users, to a total of 1.5 million users last reported. As reported by Forbes, Lyra Health was set to bring in around $100 million in revenue by the end of the year at the time of its prior fundraise. Lyra Therapeutics, Inc. (LYRA) delivered earnings and revenue surprises of -26.47% and 92.42%, respectively, for the quarter ended June 2022. Lyra Health is funded by 27, 2020 at 8:42 a.m. The clinical stage therapeutics company, which specializes in ear, nos Lyra Therapeutics, Inc. (LYRA) delivered earnings and revenue surprises of 4.76% and 12.44%, respectively, for the quarter ended September 2022. Through its global network, ICAS supports more than 1,500 companies and 6.3 million members and their families. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. 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. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Fallout As FIFA Appoints Supermodel Adriana Lima As Fan Ambassador Of Womens World Cup, FC Barcelona Officially Announce Signing Of Ronaldinhos Son Joao Mendes, Enhance Mental Health With A Culture Of Gratitude, Kohls Reports Unfavorable Year-End 2022 Results, It's Time To Get Rid Of The Biggest Con Job In Healthcare, Hoda Kotb Absent From Today Show Because Of Family Health Matter, Its Time To Embrace Mental Health Discussions In The Workplace. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. Past backers of the company include Adams Street Partners, Tenaya Capital, Meritech Capital Partners, IVP and Greylock.

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