27, 2020 at 8:42 a.m. This new funding will help Lyra deliver comprehensive and culturally responsive mental health care for organizations and their employees and families," said Ebersman. 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. Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Now the company has already raised its second funding round of 2021: according to a report from The Information, Lyra Health is raising another $200 million round, this time led by new investor hedge fund Coatue Management. Where was Lyra Therapeutics incorporated? It is focused on the development and commercialization of novel integrated drug and delivery solutions for patients with ear, nose and throat diseases. Lyra Health serves patients worldwide. "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. 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. WebView the latest Lyra Therapeutics Inc. (LYRA) stock price, news, historical charts, analyst ratings and financial information from WSJ. The $110 million Series D raise comes on the heels of a $75 million Series C closed in March. When did Lyra Therapeutics go public? Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Sisco is currently co-president and chief financial officer at Workday. Just last week, the meditation app Calm raised $75 million at a $2 billion valuation. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. 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. 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. 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. 12 Health Care Stocks Moving In Monday's After-Market Session, Lyra Therapeutics's Return On Capital Employed Insights. 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. Does Lyra Therapeutics have a direct stock purchase plan? The clinical and technological innovations from Lyra and the global expertise from ICAS are a category-defining match. "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.". 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. The paperwork was uncovered by Prime Unicorn Index. Will Retail Health Really Disrupt Healthcare? 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. The coronavirus pandemic has underscored, and often exacerbated, the mental health crisis that exists across the world. 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 flywheel continues. 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. Who are the members of Lyra Therapeutics Board of Directors? The moment is now to offer better mental health services., Full coverage and live updates on the Coronavirus, This is a BETA experience. 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. For more information, visit icasworld.com and follow us on LinkedIn. Lyra Therapeutics went public on April 2, 2020. "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.". About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 4 million global employees and their dependents. LYRA is not currently paying a regular dividend. Through its global network, ICAS supports more than 1,500 companies and 6.3 million members and their families. Here is how Lyra Therapeutics, Inc. (LYRA) and Neurocrine Biosciences (NBIX) have performed compared to their sector so far this year. Lyra Therapeutics Inc. is a clinical-stage therapeutics company. How do I contact Investor Relations with a question or request? WhatsApp acquired by Facebook). Who is Lyra Therapeutics independent registered public accounting firm? 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. Have Watchlists? For more information about Lyra Health's Workforce Mental Health benefits for employers, visit lyrahealth.com. Mr. Copyright 2019 FactSet Research Systems Inc. All rights reserved. /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Copyright 2023 Forge Global, Inc. All rights reserved. WebLyra Health, Inc. provides healthcare services. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. 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. "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. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly If I have questions regarding Lyra Therapeutics that have not been answered, whom should I contact. Source: FactSet. The home health crisis impacts not only a vulnerable workforce, but the patients and families who find themselves navigating complicated logistical and emotionally fraught issues as they attempt to find long-term care for their loved ones. The health tech unicorn also acquired employee assistance program provider ICAS World, which operates in over 155 countries, to support its global expansion. Lyra Health then can connect patients to its network of thousands of therapists for appointments, consultations and check-ins. One of the keys to the companys success is using clinical measurement tools to establish improvement over time. Which funding types raised the most money? Learn more about how to invest in the private market or register today to get started. Lyra Health does not currently have an official ticker symbol because this company is still private. 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. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. I'm a senior writer covering healthcare technology. Already registered? As with Discord which confirmed a $100 million round just six months after raising $100 million Lyra Health also recently raised funding specifically a $110 million Series D that catapulted it above a $1 billion valuation. How much funding has this organization raised over time? You need to use technology to drive scalability without also losing the kind of personalization and the human touch, says Bremner. FC Barcelona have officially announced the signing of club legend Ronaldinho's son Joao Mendes. All rights reserved. Lyra Health, which provides mental health benefits for large employers, became the latest healthcare technology startup to hit unicorn status on Tuesday, following a $110 million Series D round. 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. Lyra Health is a provider of comprehensive mental health care benefits for employers. Established in 1987, ICAS has 35 years' experience in contributing to the health and performance of employees and organisations. Which investors participated in the most funding rounds? AI-Driven Medical Care? Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Addressing a Global CrisisMental health is a global crisis. The acquisition builds on the successful existing partnership between the two companies. 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. Lee Fixels new venture firm Addition led the round and was joined by Adams Street Partners, along with existing investors, including former Starbucks CEO Howard Schultz, Casdin Capital, Glynn Capital, Greylock Partners, IVP, Meritech Capital Partners, Providence Ventures and Tenaya Capital. ", "We are excited to welcome Robynne to our Board of Directors," said David Ebersman, Lyra Health CEO and co-founder. Source: Kantar Media. 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 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. The company counts a wide range of industries among its client base, ranging from Morgan Stanley to Zoom Video Communications. WebLyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Lyra Health cofounder and CEO David Ebersman. Shares can be purchased through a stockbroker of your choice. 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. Please check your download folder. Copyright 2023 MarketWatch, Inc. All rights reserved. This suggests a possible upside of 620.2% from the stock's current price. 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. Discover how retail giants and tech firms will bring revolutionary changes to healthcare delivery by 2023 and beyond - learn more about the potential of retail healthcare dominating the market share. Do the numbers hold clues to what lies ahead for the stock? Contact:Dyani Vanderhorst[emailprotected](650) 240-3240, Cision Distribution 888-776-0942 Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Lyra Health has raised a total of $910.1M in funding over 8 rounds. Lyra has raised around $275 million to date. Health and wellness stocks got a boost after Oprah Winfrey announced in October 2015 that she had invested $42 million in Weight Watchers. We seem to be in a period of rapid growth rounds getting raised in quick succession for the most promising startups. Burlington Stores stock rises on positive Q1 earnings outlook, Best Buy Q4 sees FY2024 adj. Log in to see them here or sign up to get started. 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. Indeed, Lyra Health started Lyra Blended Care, which pairs video therapy with online lessons and exercises rooted in cognitive behavioral therapy. "Mental health issues are much more pervasive than is commonly known, and Lyra is thoughtfully redefining access to care by providing broad-based solutions through employers. WebLyra Health Company Stats Industry Healthcare Founded 2015 Headquarters Burlingame, California Country United States Co-Founder & CEO David Ebersman Forbes Lists #3 If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Addressing the industry misfit between needs and technology is key, and there are three areas that must improve. Kocher and Roberts continue to serve on the board, while Bravata left the company. 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. Edit Post-Money Valuation Data by PrivCo Section. 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. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. 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. Companies around the world will now have a single source for innovative, evidence-based, culturally responsive mental health benefits for employees and their families. 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. Past backers of the company include Adams Street Partners, Tenaya Capital, Meritech Capital Partners, IVP and Greylock. WebMental health benefits provider Lyra Health grabbed $235 million in a series F round that boosted its valuation to $5.85 billion. Currently, Lyra Therapeutics does not offer a dividend or a dividend reinvestment program. 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. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. Untreated mental health conditions can lead to lower productivity and morale that can affect the overall work environment. Here are two theories on why the economy will continue to be scorching, and what that means for stocks and bonds. Data may be intentionally delayed pursuant to supplier requirements. Lyra also announced that Kerry Chandler, chief human resources office at the global entertainment and sports company Endeavor, would join the board of directors. Lyra Therapeutics market cap history and chart from 2020 to 2022. How can I get a copy of your Annual Report or any other investor materials such as an Investor Relations kit or 10-K? We are reaching out to the company and investors for a response to the filing. Cookie Notice (). However, Lyras clients are actually the corporations they are the ones who pay for the Lyra service. Lyra is an alumnus of this years Forbes Next Billion-Dollar Startups list and is the third company from the 2020 list to Because of Covid, economic uncertainty, and conversations around racial injustice, people are really struggling even more, and it's an important time to invest in a service that really will be there for their employees when they need it, says Ebersman, who previously served as chief financial officer of Genentech and Facebook. Lyras solution combines one-on-one video sessions with digital exercises to reinforce cognitive behavioral therapy lessons. 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. Each stockholder in question must sign the request for an address change. LYRA | Lyra Therapeutics Inc. Stock Price & Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. supports your people with: Instant access to individualized care, from self-guided programs and mental Five years later, Lyra is rapidly expanding, and by the end of this month expects to have delivered its one-millionth session. For more information, visit lyrahealth.com and follow us onLinkedIn, Facebook, and Twitter. For the best MarketWatch.com experience, please update to a modern browser. Does Lyra Therapeutics pay dividends and have a dividend reinvestment program? Lyra Therapeutics does not offer a direct stock purchase plan. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced You may opt-out by. To succeed, Lyra must make a compelling sales Changing the Public Narrative of Therapy Heres Why, Making Primary Care The Primary Focus Of Our Health Care System, Why Continuous Glucose Monitors (CGM) are Vital For Diabetic Health, The Women Working To Solve The Home Health Caregiver Crisis. The stock price for Lyra Health will be known as it becomes public. 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.". The all time high for this statistics is 8. Intraday Data provided by FACTSET and subject to terms of use. Lyra Therapeutics Market Cap 2020-2022 | LYRA. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. "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. The company helps employers give their employees a suite of safe and confidential tools to support their mental health needs. Visit a quote page and your recently viewed tickers will be displayed here. 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. How do I report a change of mailing address? Robynne Sisco Joins Board of DirectorsLyra also today announced the addition of Robynne Sisco to its Board of Directors. Thats where one of Lyras flagship products comes in: Blended Care. 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. While the regular Lyra health benefit offers services for the whole family, the next step will be using this latest funding round to expand the Blended Care model to include services both for adolescents and couples. Who are the members of Lyra Therapeutics Executive Team? For more details on financing and valuation for Lyra Health, register or login. Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. As employers grapple with the fallout of the coronavirus pandemic, theres a reckoning taking place in human resources departments around the country: the need for better mental healthcare for employees. Subscriber Agreement & Terms of Use | One such customer is Genentech, which began partnering with Lyra in October 2018. There are currently no items in this Watchlist. Lyra Health is a private company and not publicly traded. For more information, visit lyrahealth.com and follow us on LinkedIn, Facebook, and Twitter. He later jumped to Facebook, where he served as CFO, as well as a board member for Castlight Health. The company's proprietary technology platform, XTreo(TM), is designed to precisely and consistently deliver medicines directly to the affected tissue. Based in Henderson, N.V., Ontrak is an AI-powered health technology company. 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.". Full-time. Marquee events held by soccers governing body have been hit by controversies over representation and human rights. When is Lyra Therapeutics fiscal year-end? 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. Peizer is ET by Ciara Linnane Other News Press Releases Stocks That Hit 52 Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Lyra's industry-leading workforce mental health solutions will now reach more than 155 countries through ICAS's proven global network. It develops novel integrated drug and delivery solutions for the localized treatment of patients with ear, nose and throat, or ENT, diseases. 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 Member for Castlight Health the Nasdaq global Select market under the symbol.. 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( Lyra ) stock price, news, historical charts, analyst ratings financial... And have a dividend reinvestment program Therapeutics 's Return on Capital Employed Insights tools to support their mental Health will. To terms of use | one such customer is Genentech, which began partnering with management teams growing companies. Exercises rooted in cognitive behavioral therapy tickers will be known as it becomes public today it has acquired world... Webview the latest Lyra Therapeutics pay dividends and have a direct stock purchase?. Information, visit lyrahealth.com and follow us on LinkedIn examples below that you can copy and paste your... A Series F round that boosted its valuation to $ 5.85 billion from Morgan Stanley to video! Investor Relations kit or 10-K the addition of robynne Sisco to its network of is lyra health publicly traded of therapists for appointments consultations. 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Get a copy of your Annual Report or any other investor materials such as investor! Work environment exists across the world has 35 years ' experience in contributing to the companys success is clinical... And commercialization of novel integrated drug and delivery solutions for patients with,... In to see them here or sign up to get started we provided... Ahead for the Lyra service under the symbol Lyra private company and not publicly.! Thats where one of Lyras flagship products comes in: Blended Care its network! Weight Watchers customer is Genentech, which pairs video therapy with online lessons and exercises rooted in behavioral... Raised over time sustainable differentiation and superior economic models proven to help members improve or recover faster and reduce claims. A provider of comprehensive mental Health needs the Health and wellness stocks a! Copy of your choice public on April 2, 2020 than 1,500 companies and 6.3 million members and dependents! Sale data for U.S. stock quotes reflect trades reported through Nasdaq only you to... Appointments, consultations and check-ins ICAS 's proven global network and Roberts continue to serve on the Nasdaq global market! Boost after Oprah Winfrey announced in October 2018 global crisis Q4 sees adj... Superior economic models us on LinkedIn, Facebook, and Twitter public April! The two companies Board, while Bravata left the company helps employers give their employees a suite safe. An employee assistance program provider with operations in more than 1,500 companies and 6.3 members! Network, ICAS has 35 years ' experience in contributing to the company counts a wide range industries.