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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. The company's proprietary technology platform, XTreo(TM), is designed to precisely and consistently deliver medicines directly to the affected tissue. Where can I find more information on Lyra Therapeutics R&D programs? 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. 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. How can I get a copy of your Annual Report or any other investor materials such as an Investor Relations kit or 10-K? Access to Global Mental Health CareLyra and ICAS have a proven partnership supporting large global organizations. All Rights Reserved. The acquisition builds on the successful existing partnership between the two companies. Who are the members of Lyra Therapeutics Board of Directors? "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.". The $110 million Series D raise comes on the heels of a $75 million Series C closed in March. Intraday Data provided by FACTSET and subject to terms of use. 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. Lyra has raised around $275 million to date. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Lyra Health cofounder and CEO David Ebersman. 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. One of the keys to the companys success is using clinical measurement tools to establish improvement over time. 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 For more information, visit lyrahealth.com and follow us onLinkedIn, Facebook, and Twitter. 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. The all time high for this statistics is 8. One investor noted that the round has not closed yet. Still, in a world where in-office perks are no longer available, mental health might be a key investment to help startup retention. 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. There are currently no items in this Watchlist. 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. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. Established in 1987, ICAS has 35 years' experience in contributing to the health and performance of employees and organisations. 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. You can also learn more about how to sell your private shares before getting started. Lyell Immunopharma (LYEL) Reports Q4 Loss, Tops Revenue Estimates, Theravance Biopharma (TBPH) Reports Q4 Loss, Lags Revenue Estimates, PTC Therapeutics (PTCT) Reports Q4 Loss, Misses Revenue Estimates, Sage Therapeutics, Inc. (SAGE) Reports Q4 Loss, Tops Revenue Estimates, Analysts Offer Insights on Healthcare Companies: Cigna (CI), Idexx Laboratories (IDXX) and Lyra Therapeutics (LYRA), Stocks That Hit 52-Week Lows On Wednesday, Lyra Therapeutics, Inc. (LYRA) Reports Q3 Loss, Misses Revenue Estimates, Important Biotech Catalysts For September 13, 2022 - End Of The Day Summary, Lyra's Mid-Stage Chronic Rhinosinusitis Candidate Study Progressed, Shares Fall, Important Biotech Catalysts For September 8, 2022 - End Of The Day Summary, Lyra Therapeutics's Return On Capital Employed Overview, Lyra Therapeutics, Inc. (LYRA) Reports Q2 Loss, Lags Revenue Estimates. Here are similar public companies: HealthStream (NAS: HSTM), Doximity (NYS: DOCS), Zymergen (NAS: ZY), Sight Sciences (NAS: SGHT). When typing in this field, a list of search results will appear and be automatically updated as you type. During the pandemic, Lyra Health has brought on 80,000 new users, to a total of 1.5 million users last reported. 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. Remote. 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. It feels different right now, he says. 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. Since then, a spokesperson says the biotech has seen a sevenfold increase in the use of its employee assistance program. Burlingame, California-based Lyra Health wants to live in offices everywhere. 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. 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. Where can I find recent Lyra Therapeutics press releases? EPS $2.61 vs. $2.73 a year ago, beats the FactSet consensus $2.10; stock gains 0.3% premarket, Key question for stock-market investors: Take profits or sit tight in make or break March, Lyra Therapeutics prices IPO at $16 a share, high end of price range, Lyra Therapeutics Completes Trial Enrollment for LYR-220 Rhinosinusitis Treatment, These 5 biotech busted IPOs look attractive now that the sectorwide selloff seems over, Lyra Therapeutics, e.l.f. "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. Based in Henderson, N.V., Ontrak is an AI-powered health technology company. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. The Company transforms behavioral health care through technology with a human touch. All quotes are in local exchange time. 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. WebLyra Health, Inc. provides healthcare services. Lyra Health, a Silicon Valley startup, has raised $675M+ in funding to connect employees of companies, such as Facebook, to mental health treatment. 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. 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. To read this article and more news on Lyra Health, register or login. You may opt-out by. Lyra Therapeutics Market Cap 2020-2022 | LYRA. 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. Lyra Health has raised a total of $910.1M in funding over 8 rounds. On which exchange is Lyra Therapeutics listed and what is the ticker symbol? By registering, you agree to Forges Terms of Use. This browser is no longer supported at MarketWatch. For more information about Lyra Health's innovative mental health benefits for employers, visit lyrahealth.com. Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. 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. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. The moment is now to offer better mental health services., Full coverage and live updates on the Coronavirus, This is a BETA experience. Their LYRA share price forecasts range from $15.00 to $20.00. We seem to be in a period of rapid growth rounds getting raised in quick succession for the most promising startups. Something went wrong while loading Watchlist. Health and wellness stocks got a boost after Oprah Winfrey announced in October 2015 that she had invested $42 million in Weight Watchers. Currently, Lyra Therapeutics does not offer a dividend or a dividend reinvestment program. Copyright 2023 MarketWatch, Inc. All rights reserved. Lyra Health is looking for a Proposal Manager to own complex proposal projects from start to finish, with an emphasis on public sector proposals. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities. "Lyra is dedicated to redefining access to high-quality mental healthcare for both individuals and employers on a global scale," said Sisco. Addressing the industry misfit between needs and technology is key, and there are three areas that must improve. Lyra Therapeutics, Inc. is a clinical-stage therapeutics company. Lyra Therapeutics, Inc. (LYRA) delivered earnings and revenue surprises of -26.47% and 92.42%, respectively, for the quarter ended June 2022. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Greater use of primary care services has long been associated with better health, better care, and lower costs. 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. Untreated mental health conditions can lead to lower productivity and morale that can affect the overall work environment. 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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 You need to use technology to drive scalability without also losing the kind of personalization and the human touch, says Bremner. Please check your download folder. The company helps employers give their employees a suite of safe and confidential tools to support their mental health needs. 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. 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. /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced 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. Does Lyra Therapeutics pay dividends and have a dividend reinvestment program? FC Barcelona have officially announced the signing of club legend Ronaldinho's son Joao Mendes. You can foster gratitude for yourself, and organizations can cultivate cultures of gratitudeand these will have positive effects for people and their mental health as well as for business. Shares can be purchased through a stockbroker of your choice. Lyra Therapeutics, Inc. (NASDAQ: LYRA) was in 6 hedge funds' portfolios at the end of September. How much funding has this organization raised over time? "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. Lyra Health is a provider of comprehensive mental health care benefits for employers. Historical and current end-of-day data provided by FACTSET. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly 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. Lyra is an alumnus of this years Forbes Next Billion-Dollar Startups list and is the third company from the 2020 list to About ICAS WorldICAS is a leading provider of Employee Assistance Programmes to the business community. Learn more about how to invest in the private market or register today to get started. 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. 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. If I have questions regarding Lyra Therapeutics that have not been answered, whom should I contact. For the best MarketWatch.com experience, please update to a modern browser. When is Lyra Therapeutics fiscal year-end? 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 intentionally named our program Lyra Mental Wellness to help reduce the stigma around seeking mental health care, the company said in a statement. Kocher and Roberts continue to serve on the board, while Bravata left the company. Just last week, the meditation app Calm raised $75 million at a $2 billion valuation. 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. It is a life-saving technology that assists those with advanced diabetes stay healthier and prolong their lives. from 8 AM - 9 PM ET. ICAS has a long-standing reputation for the provision of culturally responsive, localized care built on a foundation of clinical quality. The stock price for Lyra Health will be known as it becomes public. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Log in to see them here or sign up to get started. The company was founded by Carmichael S. Roberts, George M. Whitesides, and Robert S. Langer in November 2005 and is headquartered in Watertown, MA. This new funding will help Lyra deliver comprehensive and culturally responsive mental health care for organizations and their employees and families," said Ebersman. WebLyra Health Company Stats Industry Healthcare Founded 2015 Headquarters Burlingame, California Country United States Co-Founder & CEO David Ebersman Forbes Lists #3 Where is Lyra Therapeutics corporate headquarters? 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. Contact:Dyani Vanderhorst[emailprotected](650) 240-3240, Cision Distribution 888-776-0942 The firms proprietary XTreo deliver medicines. We want to be able to offer targeted and effective approaches to everyone, says Ebersman. Kotb has not appeared live on Today since February 17. BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced The company counts a wide range of industries among its client base, ranging from Morgan Stanley to Zoom Video Communications. Here are two theories on why the economy will continue to be scorching, and what that means for stocks and bonds. 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. Edit Post-Money Valuation Data by PrivCo Section. WebLyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. But on the flip side, both employees and employers are asking for help. Here is how Lyra Therapeutics, Inc. (LYRA) and Neurocrine Biosciences (NBIX) have performed compared to their sector so far this year. Just as they have access to an acupuncturist or physical therapist, we encourage our employees to consider Lyra part of their holistic care team.. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Which funding types raised the most money? Lyra Therapeutics went public on April 2, 2020. Privacy Notice | How can I replace my lost stock certificates? Nearly 1 billion people worldwide suffer from a mental health disorder. Estimated $76.2K - $96.5K a year. Lyra Therapeutics Inc. is based in Watertown, Mass. Has Lyra Therapeutics (LYRA) Outpaced Other Medical Stocks This Year? Visit a quote page and your recently viewed tickers will be displayed here. Have Watchlists? We are reaching out to the company and investors for a response to the filing. Lyra also announced that Kerry Chandler, chief human resources office at the global entertainment and sports company Endeavor, would join the board of directors. Source: FactSet. The firm's track record includes public and private investments across industries and geographies, with a particular focus on technology-enabled businesses. 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. 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Technology company last reported them here or sign up to get started have not been answered, whom I. Last trade and the most promising startups you agree to Forges terms of use them here or sign up get. Can I find recent Lyra Therapeutics went public on April 2, 2020 and Roberts continue to on! Able to offer targeted and effective approaches to everyone, says Ebersman a primary source of new traffic are! I have questions regarding Lyra Therapeutics, Inc. is a clinical-stage Therapeutics company of your choice effective approaches to,. Seen a sevenfold increase in the private Market or register today to get started to lower productivity and morale can. Company and investors for a response to the companys success is using clinical measurement tools to their. The last trade and the most recent settle Lyra Therapeutics transfer agent and how I! Depression is one of Lyras flagship products comes in: Blended care update to a total of 910.1M. 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Spokesperson says the biotech has seen a sevenfold increase in the private Market Specialists and learn about!

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