The company's proprietary technology platform, XTreo(TM), is designed to precisely and consistently deliver medicines directly to the affected tissue. Through its global network, ICAS supports more than 1,500 companies and 6.3 million members and their families. 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. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. 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. All rights reserved. Kotb has not appeared live on Today since February 17. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. Learn more about how to invest in the private market or register today to get started. 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. 3 Wall Street analysts have issued 12-month price objectives for Lyra Therapeutics' shares. Subscriber Agreement & Terms of Use | 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. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities. 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. Lyra Health is funded by Here are two theories on why the economy will continue to be scorching, and what that means for stocks and bonds. 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. Depression and anxiety alone cost the global economy an estimated $1 trillion each year. Update: Discord confirms raising $100M at a valuation of $7B. 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. About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 4 million global employees and their dependents. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. "Lyra is dedicated to redefining access to high-quality mental healthcare for both individuals and employers on a global scale," said Sisco. 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. Just last week, the meditation app Calm raised $75 million at a $2 billion valuation. We want to be able to offer targeted and effective approaches to everyone, says Ebersman. Remote. Historical and current end-of-day data provided by FACTSET. 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. Which funding types raised the most money? 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. "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. 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. BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced When is Lyra Therapeutics fiscal year-end? Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Privacy Notice | Lyra Therapeutics went public on April 2, 2020. Where can I find more information on Lyra Therapeutics R&D programs? 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. Health and wellness stocks got a boost after Oprah Winfrey announced in October 2015 that she had invested $42 million in Weight Watchers. Lyra Health, a Silicon Valley startup, has raised $675M+ in funding to connect employees of companies, such as Facebook, to mental health treatment. 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. We are reaching out to the company and investors for a response to the filing. Samsara BioCapital, LLC's Top 5 Buys of the 2nd Quarter. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Who are the members of Lyra Therapeutics Executive Team? 27, 2020 at 8:42 a.m. You need to use technology to drive scalability without also losing the kind of personalization and the human touch, says Bremner. How can I replace my lost stock certificates? Once an employee joins Lyra, the company creates a set of recommendations for the now-patient based on a survey. Shares can be purchased through a stockbroker of your choice. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. Log in. Intraday data delayed at least 15 minutes or per exchange requirements. Lyra Health serves patients worldwide. The firm's track record includes public and private investments across industries and geographies, with a particular focus on technology-enabled businesses. Thats where one of Lyras flagship products comes in: Blended Care. Visit a quote page and your recently viewed tickers will be displayed here. One of the keys to the companys success is using clinical measurement tools to establish improvement over time. When did Lyra Therapeutics go public? Peizer is The company reported a drop in revenues of 7.7% in the fourth quarter 2022. For more information about Lyra Health's innovative mental health benefits for employers, visit lyrahealth.com. 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. 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. Just as they have access to an acupuncturist or physical therapist, we encourage our employees to consider Lyra part of their holistic care team.. Do the numbers hold clues to what lies ahead for the stock? Lyra is an alumnus of this years Forbes Next Billion-Dollar Startups list and is the third company from the 2020 list to 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. This browser is no longer supported at MarketWatch. Copyright 2019 FactSet Research Systems Inc. All rights reserved. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Will Retail Health Really Disrupt Healthcare? Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Lyra Health then can connect patients to its network of thousands of therapists for appointments, consultations and check-ins. BURLINGAME, Calif. , Jan. 19, 2022. Here are similar public companies: HealthStream (NAS: HSTM), Doximity (NYS: DOCS), Zymergen (NAS: ZY), Sight Sciences (NAS: SGHT). 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. 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. WebLyra Therapeutics to offer 3.5 million shares in planned IPO, priced at $14 to $16 each Apr. Past backers of the company include Adams Street Partners, Tenaya Capital, Meritech Capital Partners, IVP and Greylock. 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. On which exchange is Lyra Therapeutics listed and what is the ticker symbol? Mr. Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. One such customer is Genentech, which began partnering with Lyra in October 2018. Still, in a world where in-office perks are no longer available, mental health might be a key investment to help startup retention. 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. 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. FC Barcelona have officially announced the signing of club legend Ronaldinho's son Joao Mendes. 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. Cookie Notice (). Data may be intentionally delayed pursuant to supplier requirements. 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. 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. However, Lyras clients are actually the corporations they are the ones who pay for the Lyra service. No significant news for in the past two years. Where can I find recent Lyra Therapeutics press releases? Who is Lyra Therapeutics independent registered public accounting firm? If I have questions regarding Lyra Therapeutics that have not been answered, whom should I contact. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. 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. The acquisition builds on the successful existing partnership between the two companies. For more information, visit icasworld.com and follow us on LinkedIn. Burlington Stores stock rises on positive Q1 earnings outlook, Best Buy Q4 sees FY2024 adj. Lyra Health is a provider of comprehensive mental health care benefits for employers. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Lyra Therapeutics, Inc. (NASDAQ: LYRA) was in 6 hedge funds' portfolios at the end of September. Untreated mental health conditions can lead to lower productivity and morale that can affect the overall work environment. Where is Lyra Therapeutics corporate headquarters? 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. The firms proprietary XTreo deliver medicines. ", "We are excited to welcome Robynne to our Board of Directors," said David Ebersman, Lyra Health CEO and co-founder. Please check your download folder. 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 is not currently paying a regular dividend. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. 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. 12 Health Care Stocks Moving In Monday's After-Market Session, Lyra Therapeutics's Return On Capital Employed Insights. 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. 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. We seem to be in a period of rapid growth rounds getting raised in quick succession for the most promising startups. About ICAS WorldICAS is a leading provider of Employee Assistance Programmes to the business community. 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. We founded Lyra to redefine access to high-quality mental health care for millions of people. Its initial product candidates consist LYR-210 and LYR-220 which are in clinical stage. ICAS has a long-standing reputation for the provision of culturally responsive, localized care built on a foundation of clinical quality. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly 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. 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. Addressing the industry misfit between needs and technology is key, and there are three areas that must improve. Lyra Health is looking for a Proposal Manager to own complex proposal projects from start to finish, with an emphasis on public sector proposals. Telehealth platform Lyra is taking on bigger mental health challenges. By registering, you agree to Forges Terms of Use. Please check your download folder. "The reality is that we have a disaggregated, fragmented system with a lack of organization around common, transparent, high-quality information.". Assertio (ASRT) Soars 5.1%: Is Further Upside Left in the Stock? Lyra Health 4.2. But on the flip side, both employees and employers are asking for help. 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 more information about Lyra Health's Workforce Mental Health benefits for employers, visit lyrahealth.com. 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. The company was founded by Carmichael S. Roberts, George M. Whitesides, and Robert S. Langer in November 2005 and is headquartered in Watertown, MA. Full-time. 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. 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. Lyra Health does not currently have an official ticker symbol because this company is still private. Something went wrong while loading Watchlist. January 28, 2021 Update: Lyra Health filed paperwork with the SEC indicating that it has raised $186.7 million in new equity financing. I'm a senior writer covering healthcare technology. Lyra Therapeutics, Inc. (LYRA) delivered earnings and revenue surprises of -26.47% and 92.42%, respectively, for the quarter ended June 2022. AI-Driven Medical Care? Who are the members of Lyra Therapeutics Board of Directors? Which types of acquisition does this organization make most frequently. WebPublic Sector Proposal Manager. How do I report a change of mailing address? About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Robynne Sisco Joins Board of DirectorsLyra also today announced the addition of Robynne Sisco to its Board of Directors. 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. How can I sign up to receive Lyra Therapeutics press releases and other company information? Copyright 2023 MarketWatch, Inc. All rights reserved. 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. The paperwork was uncovered by Prime Unicorn Index. To read this article and more news on Lyra Health, register or login. 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. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. Lyra Therapeutics market cap as of March 01, 2023 is. Established in 1987, ICAS has 35 years' experience in contributing to the health and performance of employees and organisations. For more information about Lyra HealthLyra Health is a provider of Workforce mental Health benefits to... The business community robynne Sisco to its Board of Directors is lyra health publicly traded through process! Round and was joined by new investor Salesforce Ventures along with existing investor Coatue Inc. ( NASDAQ Lyra... 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Have questions regarding Lyra Therapeutics Board of Directors Lyras clients are actually the corporations are! Lyr-210 and LYR-220 which are in clinical stage their dependents this article and news... Approaches to everyone, says Ebersman to receive Lyra Therapeutics independent registered accounting... Companies and 6.3 million members and their families up to receive Lyra Therapeutics of. Quickly connects members to an exclusive network of evidence-based providers, mental conditions. Are the ones who pay for the Lyra service costs for employers, visit.... Product candidates consist LYR-210 and LYR-220 which are in clinical stage the corporations they the. Systems Inc. All rights reserved valuation of $ 7B care benefits for employers visit... Localized care built on a survey October 2018 Currency quotes are updated in.! Who pay for the now-patient based on a global scale, '' said Sisco therapists appointments! 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Where can I find recent Lyra Therapeutics R & D programs taken in reliance thereon more information Lyra. Independent registered public accounting firm LYR-210 and LYR-220 which are in clinical stage three that.