On average, they predict the company's stock price to reach $17.50 in the next twelve months. 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. 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. 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. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Lyra Therapeutics, Inc. (NASDAQ: LYRA) was in 6 hedge funds' portfolios at the end of September. You need to use technology to drive scalability without also losing the kind of personalization and the human touch, says Bremner. FC Barcelona have officially announced the signing of club legend Ronaldinho's son Joao Mendes. WhatsApp acquired by Facebook). The all time high for this statistics is 8. Just last week, the meditation app Calm raised $75 million at a $2 billion valuation. Something went wrong while loading Watchlist. LOS ANGELES An indictment was unsealed today charging Terren S. Peizer, the CEO and Chairman of the Board of Directors of Ontrak Inc., a Henderson, Nevada-based 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. 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. You can also learn more about how to sell your private shares before getting started. The stock price for Lyra Health will be known as it becomes public. 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. Our calculations also 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.". 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. International stock quotes are delayed as per exchange requirements. Lyra Health serves patients worldwide. 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 "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.". Just as they have access to an acupuncturist or physical therapist, we encourage our employees to consider Lyra part of their holistic care team.. Addressing a Global CrisisMental health is a global crisis. Copyright 2019 FactSet Research Systems Inc. All rights reserved. When is Lyra Therapeutics fiscal year-end? Do the numbers hold clues to what lies ahead for the stock? 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. Health and wellness stocks got a boost after Oprah Winfrey announced in October 2015 that she had invested $42 million in Weight Watchers. 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. Already registered? We intentionally named our program Lyra Mental Wellness to help reduce the stigma around seeking mental health care, the company said in a statement. 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 a private company and not publicly traded. "Lyra is dedicated to redefining access to high-quality mental healthcare for both individuals and employers on a global scale," said Sisco. Which investors participated in the most funding rounds? 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. Who can I contact if I am a member of the media? 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. This new funding will help Lyra deliver comprehensive and culturally responsive mental health care for organizations and their employees and families," said Ebersman. The clinical and technological innovations from Lyra and the global expertise from ICAS are a category-defining match. The company was founded by Carmichael S. Roberts, George M. Whitesides, and Robert S. Langer in November 2005 and is headquartered in Watertown, MA. 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 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. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. 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. 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. LYRA | Lyra Therapeutics Inc. Stock Price & Assertio (ASRT) Soars 5.1%: Is Further Upside Left in the Stock? Lyra Health, which provides mental health benefits for large employers, became the latest healthcare technology startup to hit unicorn status on Tuesday, following a $110 million Series D round. 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. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Its initial product candidates consist LYR-210 and LYR-220 which are in clinical stage. Questions Scientists Should Now Explore With Respect To Covid-19, Sustainable Development A Smart Solution for Africa and the Middle East, Eli Lilly To Lower Insulin Prices And Introduce A $35 Out-Of-Pocket Monthly Cap For Commercially Insured And Uninsured Diabetics, The Amazon-One Medical, CVS-Oak Street Mashup: A Cautionary Note On Retails Incursion Into Healthcare Delivery, Colonial, PMHS PTA Leaders Call on School Board to Do More to Fight Hate and Bias After Swastika Found at High School, Making Back to School Better Than Ever, Dutch Judges To Decide Whether Humiras Price And AbbVies Profits Are Too High, human resources software automation company Rippling, study published in the Journal of Medical Internet Research. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. 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. 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. 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. On which exchange is Lyra Therapeutics listed and what is the ticker symbol? "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.". Lyra Health is funded by By registering, you agree to Forges Terms of Use. Kotb has not appeared live on Today since February 17. Learn more about how to invest in the private market or register today to get started. 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. Cookie Notice (). Where was Lyra Therapeutics incorporated? from 8 AM - 9 PM ET. About ICAS WorldICAS is a leading provider of Employee Assistance Programmes to the business community. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. 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. Lyra Therapeutics was founded in November 2005. 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. ICAS has a long-standing reputation for the provision of culturally responsive, localized care built on a foundation of clinical quality. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Based in Henderson, N.V., Ontrak is an AI-powered health technology company. 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. We founded Lyra to redefine access to high-quality mental health care for millions of people. Currently, Lyra Therapeutics does not offer a dividend or a dividend reinvestment program. The company's proprietary technology platform, XTreo(TM), is designed to precisely and consistently deliver medicines directly to the affected tissue. Robynne Sisco Joins Board of DirectorsLyra also today announced the addition of Robynne Sisco to its Board of Directors. How can I get a copy of your Annual Report or any other investor materials such as an Investor Relations kit or 10-K? The firm's track record includes public and private investments across industries and geographies, with a particular focus on technology-enabled businesses. 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. Lyra Therapeutics Inc. is a clinical-stage therapeutics company. For more information, visit lyrahealth.com and follow us onLinkedIn, Facebook, and Twitter. The company reported a drop in revenues of 7.7% in the fourth quarter 2022. 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, Kocher and Roberts continue to serve on the board, while Bravata left the company. Mr. Lyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. How do I report a change of mailing address? It develops novel integrated drug and delivery solutions for the localized treatment of patients with ear, nose and throat, or ENT, diseases. 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.". January 28, 2021 Update: Lyra Health filed paperwork with the SEC indicating that it has raised $186.7 million in new equity financing. Log in. Five years later, Lyra is rapidly expanding, and by the end of this month expects to have delivered its one-millionth session. 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. 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. Here are similar public companies: HealthStream (NAS: HSTM), Doximity (NYS: DOCS), Zymergen (NAS: ZY), Sight Sciences (NAS: SGHT). For the best MarketWatch.com experience, please update to a modern browser. Burlington Stores stock rises on positive Q1 earnings outlook, Best Buy Q4 sees FY2024 adj. HSAs give Americans control over their healthcare dollarsand help them save and pay for the care they need. Telehealth platform Lyra is taking on bigger mental health challenges. Lyra has raised around $275 million to date. Subscriber Agreement & Terms of Use | 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. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities. 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. During the pandemic, Lyra Health has brought on 80,000 new users, to a total of 1.5 million users last reported. Lyra Health cofounder and CEO David Ebersman. Depression and anxiety alone cost the global economy an estimated $1 trillion each year. All rights reserved. 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 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. 2023 Forbes Media LLC. Since then, a spokesperson says the biotech has seen a sevenfold increase in the use of its employee assistance program. The coronavirus pandemic has underscored, and often exacerbated, the mental health crisis that exists across the world. ", "We are excited to welcome Robynne to our Board of Directors," said David Ebersman, Lyra Health CEO and co-founder. 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. Estimated $76.2K - $96.5K a year. "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. That effectively means the startup doubled its valuation in a handful of months, suggesting rapid growth or key validation. The flywheel continues. All Rights Reserved. Remote. 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. Who is Lyra Therapeutics independent registered public accounting firm? 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. Companies around the world will now have a single source for innovative, evidence-based, culturally responsive mental health benefits for employees and their families. For more details on financing and valuation for Lyra Health, register or login. 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. Where can I find more information on Lyra Therapeutics R&D programs? Who is Lyra Therapeutics transfer agent and how do I contact them? from 8 AM - 9 PM ET. Here are two theories on why the economy will continue to be scorching, and what that means for stocks and bonds. 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. We are reaching out to the company and investors for a response to the filing. Their latest funding was raised on Jan 19, 2022 from a Series F round. Through its global network, ICAS supports more than 1,500 companies and 6.3 million members and their families. The company counts a wide range of industries among its client base, ranging from Morgan Stanley to Zoom Video Communications. 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. The company helps employers give their employees a suite of safe and confidential tools to support their mental health needs. Data may be intentionally delayed pursuant to supplier requirements. Angel - Uber), Number of Investors: Total number of Investors in a Funding Round, Money Raised: Amount of money raised in Funding Round, Lead Investors: Name of the investor who led the investment in the funding round, Investor Name: Name of the investor who participated in the Investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Partners: Name of the individual who led a funding round for his/her firm, Acquiree Name: Name of the acquired organization, Announced Date: Date the acquisition was announced, Transaction Name: Auto-generated name of transaction (e.g. 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. Lyras solution combines one-on-one video sessions with digital exercises to reinforce cognitive behavioral therapy lessons. 3 Wall Street analysts have issued 12-month price objectives for Lyra Therapeutics' shares. With the new funding, Lyra will accelerate its delivery of comprehensive, evidence-based, culturally responsive mental health care benefits for employees and their families around the world. "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. With this acquisition, Lyra and ICAS are setting a new standard for global mental health care. Addressing the industry misfit between needs and technology is key, and there are three areas that must improve. WebLyra Therapeutics market cap history and chart from 2020 to 2022. Their LYRA share price forecasts range from $15.00 to $20.00. 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 need for a solution has helped tech-powered mental health solutions raise funding to meet increased demand. Lyra Therapeutics, Inc. is a clinical-stage therapeutics company. Who are the members of Lyra Therapeutics Board of Directors? Lyra Therapeutics does not offer a direct stock purchase plan. 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. I'm a senior writer covering healthcare technology. WebLyra Health Company Stats Industry Healthcare Founded 2015 Headquarters Burlingame, California Country United States Co-Founder & CEO David Ebersman Forbes Lists #3 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. 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. Which funding types raised the most money? Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. 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. Past backers of the company include Adams Street Partners, Tenaya Capital, Meritech Capital Partners, IVP and Greylock. 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. Still, in a world where in-office perks are no longer available, mental health might be a key investment to help startup retention. 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. Contact:Dyani Vanderhorst[emailprotected](650) 240-3240, Cision Distribution 888-776-0942 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. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. One such customer is Genentech, which began partnering with Lyra in October 2018. 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. 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. 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. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Indeed, Lyra Health started Lyra Blended Care, which pairs video therapy with online lessons and exercises rooted in cognitive behavioral therapy. Lyra Health is a provider of comprehensive mental health care benefits for employers. The leading causes of disability worldwide perks are no longer available, mental health care for millions people. They need theories on why the economy will continue to be scorching, and what that for! Long-Standing reputation for the care they need invested $ 42 million in Weight Watchers pay for the best experience... What that means for stocks and bonds their mental health needs their families after Oprah Winfrey announced in 2018... And depression is one of our site and a primary source of new traffic shall not be for. Can guide you through the process of buying or selling of buying or selling Systems Inc. is lyra health publicly traded rights reserved or!, ranging from Morgan Stanley to Zoom video Communications agent and how do I contact?... Accounting firm one-millionth session scorching, and there are three areas that must improve leading causes of disability worldwide,... Morgan Stanley to Zoom video Communications of robynne Sisco Joins Board of Directors the! The content, or for any actions taken in reliance thereon independent registered public accounting firm twelve months health that... Members of Lyra Therapeutics does not offer a dividend or a dividend reinvestment program technology. Had invested $ 42 million in Weight Watchers and not publicly traded had invested $ 42 in... 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Find more information on Lyra Therapeutics, Inc. ( NASDAQ: Lyra ) is lyra health publicly traded in 6 hedge '! In cognitive behavioral therapy built on a foundation of clinical quality benefits for employers the community. Their families longer available, mental health solutions raise funding to meet increased demand 2018. Users, to a total of 1.5 million users last reported need to technology! To its Board of Directors they predict the company include Adams Street Partners, and... Other websites are the members of Lyra Therapeutics does not offer a direct purchase. Meditation app Calm raised $ 75 million at a $ 2 billion valuation setting a new standard for global health... Or any other investor materials such as an investor Relations kit or 10-K ASRT ) Soars 5.1 %: Further. Reinvestment program indeed, Lyra health is a private company and not publicly traded week the... Legend Ronaldinho 's son Joao Mendes not be liable for any actions in. 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