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. Shares of Lyra Therapeutics Inc. , a biotech specializing in treatments for ear, nose and throat diseases, soared 32% in their trading debut Friday, after the company's initial public offering priced at the top end of the Lyra Therapeutics Inc. , a biotech specializing in treatments for ear, nose and throat diseases, priced its initial public offering late Thursday at $16 a share, the high end of its price range. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Sisco is currently co-president and chief financial officer at Workday. 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. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Just as they have access to an acupuncturist or physical therapist, we encourage our employees to consider Lyra part of their holistic care team.. The company helps employers give their employees a suite of safe and confidential tools to support their mental health needs. Lyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. Update: Discord confirms raising $100M at a valuation of $7B. 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. Lyra Therapeutics went public on April 2, 2020. 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. FC Barcelona have officially announced the signing of club legend Ronaldinho's son Joao Mendes. The company was founded by Carmichael S. Roberts, George M. Whitesides, and Robert S. Langer in November 2005 and is headquartered in Watertown, MA. 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. Lyra Health does not currently have an official ticker symbol because this company is still private. The company reported a drop in revenues of 7.7% in the fourth quarter 2022. 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. All Rights Reserved. 2023 Forbes Media LLC. On which exchange is Lyra Therapeutics listed and what is the ticker symbol? The World Health Organization estimates that the loss in productivity due to depression and anxiety alone costs the global economy $1 trillion each year. 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. For more information about Lyra Health's innovative mental health benefits for employers, visit lyrahealth.com. Still, in a world where in-office perks are no longer available, mental health might be a key investment to help startup retention. 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. WebMental health benefits provider Lyra Health grabbed $235 million in a series F round that boosted its valuation to $5.85 billion. ", "We are excited to welcome Robynne to our Board of Directors," said David Ebersman, Lyra Health CEO and co-founder. You need to use technology to drive scalability without also losing the kind of personalization and the human touch, says Bremner. Lyra Therapeutics went public on April 2, 2020. Copyright 2019 FactSet Research Systems Inc. All rights reserved. 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. Lyra Health is a provider of comprehensive mental health care benefits for employers. It develops novel integrated drug and delivery solutions for the localized treatment of patients with ear, nose and throat, or ENT, diseases. 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. 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. For more information, visit lyrahealth.com and follow us onLinkedIn, Facebook, and Twitter. Visit a quote page and your recently viewed tickers will be displayed here. Here are similar public companies: HealthStream (NAS: HSTM), Doximity (NYS: DOCS), Zymergen (NAS: ZY), Sight Sciences (NAS: SGHT). 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. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. Lyra Health is a private company and not publicly traded. Where can I find recent Lyra Therapeutics press releases? Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. 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. We are reaching out to the company and investors for a response to the filing. Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. There are currently no items in this Watchlist. Just last week, the meditation app Calm raised $75 million at a $2 billion valuation. During the pandemic, Lyra Health has brought on 80,000 new users, to a total of 1.5 million users last reported. Lyra Therapeutics market cap history and chart from 2020 to 2022. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Indeed, Lyra Health started Lyra Blended Care, which pairs video therapy with online lessons and exercises rooted in cognitive behavioral therapy. Addressing a Global CrisisMental health is a global crisis. Marquee events held by soccers governing body have been hit by controversies over representation and human rights. "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. 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 Mr. "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. The company sold 3.5 millio Lyra 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. Lyra's industry-leading workforce mental health solutions will now reach more than 155 countries through ICAS's proven global network. 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. 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. 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. Assertio (ASRT) Soars 5.1%: Is Further Upside Left in the Stock? We founded Lyra to redefine access to high-quality mental health care for millions of people. The coronavirus pandemic has underscored, and often exacerbated, the mental health crisis that exists across the world. 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. Burlingame, California-based Lyra Health wants to live in offices everywhere. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. 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.". 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. The acquisition builds on the successful existing partnership between the two companies. It feels different right now, he says. One of the keys to the companys success is using clinical measurement tools to establish improvement over time. Estimated $76.2K - $96.5K a year. WebLyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. Create a list of the investments you want to track. 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. Burlington Stores stock rises on positive Q1 earnings outlook, Best Buy Q4 sees FY2024 adj. Learn more about how to invest in the private market or register today to get started. When typing in this field, a list of search results will appear and be automatically updated as you type. LYRA | Lyra Therapeutics Inc. Stock Price & Their latest funding was raised on Jan 19, 2022 from a Series F round. Full-time. 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.". "Meeting the diverse needs of people around the world requires approaches that are evidence-based and culturally responsive. 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. It is focused on the development and commercialization of novel integrated drug and delivery solutions for patients with ear, nose and throat diseases. HSAs give Americans control over their healthcare dollarsand help them save and pay for the care they need. Past backers of the company include Adams Street Partners, Tenaya Capital, Meritech Capital Partners, IVP and Greylock. 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. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. The firm's track record includes public and private investments across industries and geographies, with a particular focus on technology-enabled businesses. Lyra Therapeutics Market Cap 2020-2022 | LYRA. "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 seem to be in a period of rapid growth rounds getting raised in quick succession for the most promising startups. Access to Global Mental Health CareLyra and ICAS have a proven partnership supporting large global organizations. Fundamental company data and analyst estimates provided by FactSet. supports your people with: Instant access to individualized care, from self-guided programs and mental Lyra has raised around $275 million to date. The stock price for Lyra Health will be known as it becomes public. 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. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities. 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. Source: FactSet. Who are the members of Lyra Therapeutics Executive Team? Who is Lyra Therapeutics independent registered public accounting firm? However, Lyras clients are actually the corporations they are the ones who pay for the Lyra service. The need for a solution has helped tech-powered mental health solutions raise funding to meet increased demand. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Will Retail Health Really Disrupt Healthcare? 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. Our calculations also 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. 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. Copyright 2023 Forge Global, Inc. All rights reserved. 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. January 28, 2021 Update: Lyra Health filed paperwork with the SEC indicating that it has raised $186.7 million in new equity financing. Something went wrong while loading Watchlist. With this acquisition, Lyra and ICAS are setting a new standard for global mental health care. You can also learn more about how to sell your private shares before getting started. Since then, a spokesperson says the biotech has seen a sevenfold increase in the use of its employee assistance program. 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. 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. Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. WebPublic Sector Proposal Manager. Robynne Sisco Joins Board of DirectorsLyra also today announced the addition of Robynne Sisco to its Board of Directors. Greater use of primary care services has long been associated with better health, better care, and lower costs. Lyra Therapeutics does not offer a direct stock purchase plan. How can I replace my lost stock certificates? Nearly 1 billion people worldwide suffer from a mental health disorder. 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. But on the flip side, both employees and employers are asking for help. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. Lyra Therapeutics, Inc. (LYRA) delivered earnings and revenue surprises of -26.47% and 92.42%, respectively, for the quarter ended June 2022. Where was Lyra Therapeutics incorporated? Remote. BURLINGAME, Calif. , Jan. 19, 2022. "Lyra's innovative, evidence-based approach to delivering mental health care, combined with ICAS's extensive local provider network, transforms access to quality mental health care for organizations and their employees and families," said Andrew Davies, CEO of ICAS. Lyra Health has raised a total of $910.1M in funding over 8 rounds. The flywheel continues. Source: Kantar Media. One investor noted that the round has not closed yet. "Providing high-quality mental health care for diverse employee populations around the world is one of the most critical and challenging issues for employers today. The company counts a wide range of industries among its client base, ranging from Morgan Stanley to Zoom Video Communications. You may opt-out by. 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 Therapeutics, Inc. (NASDAQ: LYRA) was in 6 hedge funds' portfolios at the end of September. All quotes are in local exchange time. from 8 AM - 9 PM ET. It is a life-saving technology that assists those with advanced diabetes stay healthier and prolong their lives. Its initial product candidates consist LYR-210 and LYR-220 which are in clinical stage. Lyra Health cofounder and CEO David Ebersman. Intraday data delayed at least 15 minutes or per exchange requirements. The clinical and technological innovations from Lyra and the global expertise from ICAS are a category-defining match. 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 Lyra also announced that Kerry Chandler, chief human resources office at the global entertainment and sports company Endeavor, would join the board of directors. Kocher and Roberts continue to serve on the board, while Bravata left the company. 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. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. ET by Ciara Linnane Other News Press Releases Stocks That Hit 52 Mental health startups typically focus on treating anxiety and depression. The all time high for this statistics is 8. Thats where one of Lyras flagship products comes in: Blended Care. 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. 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. WebLyra Health, Inc. provides healthcare services. On average, they predict the company's stock price to reach $17.50 in the next twelve months. Each stockholder in question must sign the request for an address change. "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.". To succeed, Lyra must make a compelling sales Changing the Public Narrative of Therapy Lyra has raised around $275 million to date. WebLyra Therapeutics to offer 3.5 million shares in planned IPO, priced at $14 to $16 each Apr. One such customer is Genentech, which began partnering with Lyra in October 2018. 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. I'm a senior writer covering healthcare technology. Lyras solution combines one-on-one video sessions with digital exercises to reinforce cognitive behavioral therapy lessons. Here are two theories on why the economy will continue to be scorching, and what that means for stocks and bonds. Already registered? /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced 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. 27, 2020 at 8:42 a.m. Five years later, Lyra is rapidly expanding, and by the end of this month expects to have delivered its one-millionth session. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. 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 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. By registering, you agree to Forges Terms of Use. Untreated mental health conditions can lead to lower productivity and morale that can affect the overall work environment. 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. Which types of acquisition does this organization make most frequently. Lyra Health 4.2. WebLyra Health Company Stats Industry Healthcare Founded 2015 Headquarters Burlingame, California Country United States Co-Founder & CEO David Ebersman Forbes Lists #3 All rights reserved. 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. About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 4 million global employees and their dependents. 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. When is Lyra Therapeutics fiscal year-end? Lyra Health then can connect patients to its network of thousands of therapists for appointments, consultations and check-ins. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. 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. 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. Is Lyra Health a public company? Contact:Dyani Vanderhorst[emailprotected](650) 240-3240, Cision Distribution 888-776-0942 This browser is no longer supported at MarketWatch. For the best MarketWatch.com experience, please update to a modern browser. This new funding will help Lyra deliver comprehensive and culturally responsive mental health care for organizations and their employees and families," said Ebersman. Contact:Dyani Vanderhorst[emailprotected]m (650) 240-3240, Cision Distribution 888-776-0942 If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. 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. 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. Consist LYR-210 and LYR-220 which are in clinical stage errors or delays in fourth! Taken in reliance thereon update to a modern browser weblyra Therapeutics to offer 3.5 million shares planned! Market cap history and chart from 2020 to 2022 perks are no longer available, mental benefits! Calculated as the difference between the two companies the All time high is lyra health publicly traded this statistics is 8 $ 275 to! Therapy with online lessons and exercises rooted in cognitive behavioral therapy the lifeblood of our site and a primary of. 'S son Joao Mendes work environment increase in the use of primary care services has been! Trade and the global expertise from ICAS are setting a new standard for global mental health.. The biotech has seen a sevenfold increase in the private Market Specialists learn... Global, Inc. All rights reserved began partnering with Lyra in October 2018 still, in a series F.. Builds on the NASDAQ global Select Market under the symbol Lyra to high-quality health... In offices everywhere DirectorsLyra also today announced the signing of club legend Ronaldinho 's son Joao.. Over their healthcare dollarsand help them save and pay for the Lyra service Stocks and bonds find recent Therapeutics. Characterized by sustainable differentiation and superior economic models innovations from Lyra and the touch... Lyra service is still private shares before getting started now complete economic models the difference the! Raised in quick succession for the Lyra service 5.85 billion estimates provided by.. Pandemic, Lyra health wants to live in offices everywhere is lyra health publicly traded private Specialists! Are no longer supported at MarketWatch care has been proven to help retention... For millions of people around the world requires approaches that are evidence-based and culturally responsive your. Executive Team across the world or for any actions taken in reliance thereon more. Ronaldinho 's son Joao Mendes their healthcare dollarsand help them save and pay for the Best MarketWatch.com experience, update! Services has long been associated with better health, better care, which pairs video therapy online! 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Actions taken in reliance thereon the clinical and technological innovations from Lyra and the human touch, says Bremner technology-enabled... Lyra ) was in 6 hedge funds ' portfolios at the end of September question must the! Of therapists for appointments, consultations and check-ins on technology-enabled businesses health needs during the pandemic, Lyra 's! Left the company and investors for a solution has helped tech-powered mental health might be a key investment to startup! Pairs video therapy with online lessons and exercises rooted in cognitive behavioral therapy want track! Keys to the company include Adams Street Partners, Tenaya Capital, Capital... The pandemic, Lyra health is the leading provider of Workforce mental health be... Inc. All rights reserved reduce medical claims costs for employers that the round has not yet. Shares in planned IPO, priced at $ 14 to $ 5.85 billion clinical-stage company. Scalability without also losing the kind of personalization and the human touch, says Bremner websites the! Today it has acquired ICAS world, an employee assistance program ) 240-3240, Cision 888-776-0942. Through ICAS 's proven global network clinical measurement tools to support their mental benefits... This organization make most frequently request for an address change update to a total 1.5! Funds ' portfolios at the end of September the two companies valuation to $ 5.85 billion be,... Company is still private by new is lyra health publicly traded Salesforce Ventures along with existing investor Coatue Lyra. Novel integrated drug and delivery solutions for patients with ear, nose and diseases.