Lyra's industry-leading workforce mental health solutions will now reach more than 155 countries through ICAS's proven global network. 2023 Forbes Media LLC. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. 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. FC Barcelona have officially announced the signing of club legend Ronaldinho's son Joao Mendes. Shares can be purchased through a stockbroker of your choice. WebMental health benefits provider Lyra Health grabbed $235 million in a series F round that boosted its valuation to $5.85 billion. Contact:Dyani Vanderhorst[emailprotected]m (650) 240-3240, Cision Distribution 888-776-0942 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. Its initial product candidates consist LYR-210 and LYR-220 which are in clinical stage. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. If I have questions regarding Lyra Therapeutics that have not been answered, whom should I contact. Copyright 2023 MarketWatch, Inc. All rights reserved. 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, Lyra Health is funded by The firms proprietary XTreo deliver medicines. Mental health startups typically focus on treating anxiety and depression. Will Retail Health Really Disrupt Healthcare? 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. The acquisition builds on the successful existing partnership between the two companies. How can I sign up to receive Lyra Therapeutics press releases and other company information? Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. 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. 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. Have Watchlists? Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. 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 seem to be in a period of rapid growth rounds getting raised in quick succession for the most promising startups. Sisco is currently co-president and chief financial officer at Workday. Access to Global Mental Health CareLyra and ICAS have a proven partnership supporting large global organizations. The company helps employers give their employees a suite of safe and confidential tools to support their mental health needs. Kotb has not appeared live on Today since February 17. 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. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. He later jumped to Facebook, where he served as CFO, as well as a board member for Castlight Health. Edit Post-Money Valuation Data by PrivCo Section. Once an employee joins Lyra, the company creates a set of recommendations for the now-patient based on a survey. 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. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares. For more information, visit lyrahealth.com and follow us onLinkedIn, Facebook, and Twitter. Nearly 1 billion people worldwide suffer from a mental health disorder. WebLyra Health, Inc. provides healthcare services. 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. 27, 2020 at 8:42 a.m. 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. For more information about Lyra Health's innovative mental health benefits for employers, visit lyrahealth.com. Data may be intentionally delayed pursuant to supplier requirements. Telehealth platform Lyra is taking on bigger mental health challenges. 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. LYRA | Lyra Therapeutics Inc. Stock Price & This browser is no longer supported at MarketWatch. 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. Its time to get rid of the biggest con job in healthcare. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. When is Lyra Therapeutics fiscal year-end? Estimated $76.2K - $96.5K a year. HSAs give Americans control over their healthcare dollarsand help them save and pay for the care they need. 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. Has Lyra Therapeutics (LYRA) Outpaced Other Medical Stocks This Year? 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. 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. Log in to see them here or sign up to get started. Still, in a world where in-office perks are no longer available, mental health might be a key investment to help startup retention. 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. How much funding has this organization raised over time? 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 Full-time. For more details on financing and valuation for Lyra Health, register or login. Lyra Health, a Silicon Valley startup, has raised $675M+ in funding to connect employees of companies, such as Facebook, to mental health treatment. Visit a quote page and your recently viewed tickers will be displayed here. 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 Therapeutics was founded in November 2005. Where can I find recent Lyra Therapeutics press releases? 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. Mr. Something went wrong while loading Watchlist. 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. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. 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. The technology advances of CGMs and bio wearables allow diabetics to self-monitor the blood sugars that help their well-being. But on the flip side, both employees and employers are asking for help. To read this article and more news on Lyra Health, register or login. With this acquisition, Lyra and ICAS are setting a new standard for global mental health care. About Dragoneer Investment GroupDragoneer is a growth-oriented investment firm with over $25 billion in long-duration capital. WebPublic Sector Proposal Manager. On which exchange is Lyra Therapeutics listed and what is the ticker symbol? 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. Here is how Lyra Therapeutics, Inc. (LYRA) and Neurocrine Biosciences (NBIX) have performed compared to their sector so far this year. 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. All rights reserved. Create a list of the investments you want to track. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Lyra Health cofounder and CEO David Ebersman. Our calculations also We want to be able to offer targeted and effective approaches to everyone, says Ebersman. 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. 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 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. Burlington Stores stock rises on positive Q1 earnings outlook, Best Buy Q4 sees FY2024 adj. Cookie Notice (). I'm a senior writer covering healthcare technology. 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. Source: Kantar Media. When did Lyra Therapeutics go public? Marquee events held by soccers governing body have been hit by controversies over representation and human rights. WebView the latest Lyra Therapeutics Inc. (LYRA) stock price, news, historical charts, analyst ratings and financial information from WSJ. For more information about Lyra Health's Workforce Mental Health benefits for employers, visit lyrahealth.com. 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. Lyra Health is a private company and not publicly traded. How can I get a copy of your Annual Report or any other investor materials such as an Investor Relations kit or 10-K? January 28, 2021 Update: Lyra Health filed paperwork with the SEC indicating that it has raised $186.7 million in new equity financing. Which types of acquisition does this organization make most frequently. 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. Through its global network, ICAS supports more than 1,500 companies and 6.3 million members and their families. Their latest funding was raised on Jan 19, 2022 from a Series F round. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. All quotes are in local exchange time. The company's proprietary technology platform, XTreo(TM), is designed to precisely and consistently deliver medicines directly to the affected tissue. 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. This is a tricky space to play in, considering that mental health can still feel taboo in workplaces and employees might feel uncomfortable turning to their employers for support. Lyra also announced that Kerry Chandler, chief human resources office at the global entertainment and sports company Endeavor, would join the board of directors. 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. 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 LYRA is not currently paying a regular dividend. About ICAS WorldICAS is a leading provider of Employee Assistance Programmes to the business community. Log in. Lyra Therapeutics, Inc. (NASDAQ: LYRA) was in 6 hedge funds' portfolios at the end of September. One investor noted that the round has not closed yet. Lyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. Lyra Health 4.2. 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 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. Who are the members of Lyra Therapeutics Board of Directors? Depression and anxiety alone cost the global economy an estimated $1 trillion each year. When typing in this field, a list of search results will appear and be automatically updated as you type. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. 3 Wall Street analysts have issued 12-month price objectives for Lyra Therapeutics' shares. 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