All rights reserved. Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. You can also learn more about how to sell your private shares before getting started. "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. January 28, 2021 Update: Lyra Health filed paperwork with the SEC indicating that it has raised $186.7 million in new equity financing. WebLyra Therapeutics to offer 3.5 million shares in planned IPO, priced at $14 to $16 each Apr. Here are two theories on why the economy will continue to be scorching, and what that means for stocks and bonds. The $110 million Series D raise comes on the heels of a $75 million Series C closed in March. supports your people with: Instant access to individualized care, from self-guided programs and mental Log in. 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. Copyright 2023 Forge Global, Inc. All rights reserved. WebLyra Therapeutics Inc. set terms for its planned initial public offering on Monday, saying it will offer 3.5 million shares priced at $14 to $16 each. 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 Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. How can I get a copy of your Annual Report or any other investor materials such as an Investor Relations kit or 10-K? It is a life-saving technology that assists those with advanced diabetes stay healthier and prolong their lives. He later jumped to Facebook, where he served as CFO, as well as a board member for Castlight Health. 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 The clinical and technological innovations from Lyra and the global expertise from ICAS are a category-defining match. from 8 AM - 9 PM ET. "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. WebPublic Sector Proposal Manager. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. We seem to be in a period of rapid growth rounds getting raised in quick succession for the most promising startups. Here is how Lyra Therapeutics, Inc. (LYRA) and Neurocrine Biosciences (NBIX) have performed compared to their sector so far this year. Lyra Therapeutics, Inc. (NASDAQ: LYRA) was in 6 hedge funds' portfolios at the end of September. Lyra Health has raised a total of $910.1M in funding over 8 rounds. To succeed, Lyra must make a compelling sales Changing the Public Narrative of Therapy Data may be intentionally delayed pursuant to supplier requirements. Through this acquisition, Lyra will now offer a single source for comprehensive, localized mental health care to more than 10 million members around the world. ET by Ciara Linnane Other News Press Releases Stocks That Hit 52 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Indeed, Lyra Health started Lyra Blended Care, which pairs video therapy with online lessons and exercises rooted in cognitive behavioral therapy. The need for a solution has helped tech-powered mental health solutions raise funding to meet increased demand. Lyra Therapeutics, Inc. (LYRA) delivered earnings and revenue surprises of -26.47% and 92.42%, respectively, for the quarter ended June 2022. Through its global network, ICAS supports more than 1,500 companies and 6.3 million members and their families. Privacy Notice |
3 Wall Street analysts have issued 12-month price objectives for Lyra Therapeutics' shares. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Peizer is Addressing the industry misfit between needs and technology is key, and there are three areas that must improve. We founded Lyra to redefine access to high-quality mental health care for millions of people. Lyra Therapeutics Inc. is a clinical-stage therapeutics company. 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. 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. Edit Post-Money Valuation Data by PrivCo Section. Thats where one of Lyras flagship products comes in: Blended Care. 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. 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. "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. Each stockholder in question must sign the request for an address change. One such customer is Genentech, which began partnering with Lyra in October 2018. Burlington Stores stock rises on positive Q1 earnings outlook, Best Buy Q4 sees FY2024 adj. Mr. 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. This browser is no longer supported at MarketWatch. WhatsApp acquired by Facebook). To read this article and more news on Lyra Health, register or login. Once an employee joins Lyra, the company creates a set of recommendations for the now-patient based on a survey. The paperwork was uncovered by Prime Unicorn Index. Cookie Notice (). 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. The health tech unicorn also acquired employee assistance program provider ICAS World, which operates in over 155 countries, to support its global expansion. Who are the members of Lyra Therapeutics Board of Directors? Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. AI-Driven Medical Care? "Lyra is dedicated to redefining access to high-quality mental healthcare for both individuals and employers on a global scale," said Sisco. How can I sign up to receive Lyra Therapeutics press releases and other company information? If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. WebLyra Therapeutics market cap history and chart from 2020 to 2022. Lyra, which offers an easy-to-use digital platform to connect people with mental health providers, has around 1.5 million members so far, adding more than 800,000 people since the start of the pandemic. 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. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Around one in four U.S. adults suffer from a diagnosable mental health condition and depression is one of the leading causes of disability worldwide. Something went wrong while loading Watchlist. HSAs give Americans control over their healthcare dollarsand help them save and pay for the care they need. Depression and anxiety alone cost the global economy an estimated $1 trillion each year. 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. Lyra Health then can connect patients to its network of thousands of therapists for appointments, consultations and check-ins. Will Retail Health Really Disrupt Healthcare? Update: Discord confirms raising $100M at a valuation of $7B. Does Lyra Therapeutics pay dividends and have a dividend reinvestment program? Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. 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. from 8 AM - 9 PM ET. Five years later, Lyra is rapidly expanding, and by the end of this month expects to have delivered its one-millionth session. 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. 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. "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. Which funding types raised the most money? Please check your download folder. 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. The Company transforms behavioral health care through technology with a human touch. Full-time. It feels different right now, he says. The company reported a drop in revenues of 7.7% in the fourth quarter 2022. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly 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. Samsara BioCapital, LLC's Top 5 Buys of the 2nd Quarter. A Health Data Reality Check, The Time Has Come For Expanding Health Savings Accounts, Why Silicon Valley Is Failing To Address Health Equity, Meet Americas Best Startup Employers 2022, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Health and wellness stocks got a boost after Oprah Winfrey announced in October 2015 that she had invested $42 million in Weight Watchers. 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. 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. The flywheel continues. Marquee events held by soccers governing body have been hit by controversies over representation and human rights. Currently, Lyra Therapeutics does not offer a dividend or a dividend reinvestment program. Copyright 2019 FactSet Research Systems Inc. All rights reserved. Historical and current end-of-day data provided by FACTSET. Who is Lyra Therapeutics transfer agent and how do I contact them? Established in 1987, ICAS has 35 years' experience in contributing to the health and performance of employees and organisations. The firm's track record includes public and private investments across industries and geographies, with a particular focus on technology-enabled businesses. 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. Here are similar public companies: HealthStream (NAS: HSTM), Doximity (NYS: DOCS), Zymergen (NAS: ZY), Sight Sciences (NAS: SGHT). 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. Lyra Health is looking for a Proposal Manager to own complex proposal projects from start to finish, with an emphasis on public sector proposals. Its time to get rid of the biggest con job in healthcare. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Lyra Health is a private company and not publicly traded. WebView the latest Lyra Therapeutics Inc. (LYRA) stock price, news, historical charts, analyst ratings and financial information from WSJ. 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. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. The technology advances of CGMs and bio wearables allow diabetics to self-monitor the blood sugars that help their well-being. When typing in this field, a list of search results will appear and be automatically updated as you type. For more information, visit lyrahealth.com and follow us on LinkedIn, Facebook, and Twitter. WebMental health benefits provider Lyra Health grabbed $235 million in a series F round that boosted its valuation to $5.85 billion. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. 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. Where was Lyra Therapeutics incorporated? About ICAS WorldICAS is a leading provider of Employee Assistance Programmes to the business community. 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 the latest development, it emerged that Lyra Health, a platform that focuses on providing workforces with mental health care, has filed paperwork to raise a $175 million Series E at a $2.25 billion valuation. Lyra Health is funded by Located in San Francisco-Oakland-Fremont, CA Metropolitan Area. It is focused on the development and commercialization of novel integrated drug and delivery solutions for patients with ear, nose and throat diseases. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. For more information about Lyra Health's Workforce Mental Health benefits for employers, visit lyrahealth.com. One of the keys to the companys success is using clinical measurement tools to establish improvement over time. 27, 2020 at 8:42 a.m. 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. 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.". 12 Health Care Stocks Moving In Monday's After-Market Session, Lyra Therapeutics's Return On Capital Employed Insights. Lyra Therapeutics went public on April 2, 2020. Burlingame, California-based Lyra Health wants to live in offices everywhere. Which types of acquisition does this organization make most frequently. Telehealth platform Lyra is taking on bigger mental health challenges. The coronavirus pandemic has underscored, and often exacerbated, the mental health crisis that exists across the world. 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. Is Lyra Health a public company? BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced There are currently no items in this Watchlist. 2023 Forbes Media LLC. Which investors participated in the most funding rounds? LYRA is not currently paying a regular dividend. 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