Estimated $76.2K - $96.5K a year. WebMental health benefits provider Lyra Health grabbed $235 million in a series F round that boosted its valuation to $5.85 billion. 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. Who is Lyra Therapeutics independent registered public accounting firm? 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. 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. WebLyra Therapeutics, Inc. Common Stock (LYRA) Add to Watchlist Add to Portfolio Quotes Summary Real-Time After-Hours Pre-Market Charts NEWS & ANALYSIS News Press 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. One of the keys to the companys success is using clinical measurement tools to establish improvement over time. This browser is no longer supported at MarketWatch. BURLINGAME, Calif. , Jan. 19, 2022. Where was Lyra Therapeutics incorporated? 3 Wall Street analysts have issued 12-month price objectives for Lyra Therapeutics' shares. 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. Our calculations also About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. 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. 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. Please check your download folder. 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.". 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. 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. 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. Historical and current end-of-day data provided by FACTSET. 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. The moment is now to offer better mental health services., Full coverage and live updates on the Coronavirus, This is a BETA experience. 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. 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. By registering, you agree to Forges Terms of Use. The all time high for this statistics is 8. 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. Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Lyra Therapeutics market cap history and chart from 2020 to 2022. Which funding types raised the most money? How do I report a change of mailing address? Lyra Health has raised a total of $910.1M in funding over 8 rounds. 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. About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 4 million global employees and their dependents. To succeed, Lyra must make a compelling sales Changing the Public Narrative of Therapy We want to be able to offer targeted and effective approaches to everyone, says Ebersman. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Lyra Therapeutics Inc. is based in Watertown, Mass. No significant news for in the past two years. You need to use technology to drive scalability without also losing the kind of personalization and the human touch, says Bremner. Lyra Therapeutics went public on April 2, 2020. Contact:Dyani Vanderhorst[emailprotected](650) 240-3240, Cision Distribution 888-776-0942 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. Located in San Francisco-Oakland-Fremont, CA Metropolitan Area. "Lyra is dedicated to redefining access to high-quality mental healthcare for both individuals and employers on a global scale," said Sisco. Companies around the world will now have a single source for innovative, evidence-based, culturally responsive mental health benefits for employees and their families. Mr. 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. For more information, visit icasworld.com and follow us on LinkedIn. "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. Subscriber Agreement & Terms of Use | 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. Source: Kantar Media. 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. 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. During the pandemic, Lyra Health has brought on 80,000 new users, to a total of 1.5 million users last reported. "The reality is that we have a disaggregated, fragmented system with a lack of organization around common, transparent, high-quality information.". 27, 2020 at 8:42 a.m. Currently, Lyra Therapeutics does not offer a dividend or a dividend reinvestment program. Shares can be purchased through a stockbroker of your choice. 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. Established in 1987, ICAS has 35 years' experience in contributing to the health and performance of employees and organisations. Here is how Lyra Therapeutics, Inc. (LYRA) and Neurocrine Biosciences (NBIX) have performed compared to their sector so far this year. Lyra Therapeutics market cap as of March 01, 2023 is. Lyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. WebLyra Health, Inc. provides healthcare services. 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. Lyra Therapeutics, Inc. is a clinical-stage therapeutics company. 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. Which types of acquisition does this organization make most frequently. But on the flip side, both employees and employers are asking for help. 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. Is Lyra Health a public company? Update: Discord confirms raising $100M at a valuation of $7B. WebView the latest Lyra Therapeutics Inc. (LYRA) stock price, news, historical charts, analyst ratings and financial information from WSJ. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. 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. 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. "I've known David for over 10 years, and his focus on one of the world's most important topics, addressing and solving mental health care, is truly inspiring," said Marc Stad, Founder and Managing Partner at Dragoneer. 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. The firms proprietary XTreo deliver medicines. "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. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. 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. 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. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. Please check your download folder. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. Five years later, Lyra is rapidly expanding, and by the end of this month expects to have delivered its one-millionth session. Will Retail Health Really Disrupt Healthcare? Its time to get rid of the biggest con job in healthcare. We seem to be in a period of rapid growth rounds getting raised in quick succession for the most promising startups. Which investors participated in the most funding rounds? Have Watchlists? Lyra Health is funded by Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. Create a list of the investments you want to track. 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. Kotb has not appeared live on Today since February 17. Log in. For more information, visit lyrahealth.com and follow us on LinkedIn, Facebook, and Twitter. 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. It feels different right now, he says. Here are two theories on why the economy will continue to be scorching, and what that means for stocks and bonds. Based in Henderson, N.V., Ontrak is an AI-powered health technology company. Lyra has raised around $275 million to date. Lyras solution combines one-on-one video sessions with digital exercises to reinforce cognitive behavioral therapy lessons. 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. Kocher and Roberts continue to serve on the board, while Bravata left the company. This suggests a possible upside of 620.2% from the stock's current price. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. About Dragoneer Investment GroupDragoneer is a growth-oriented investment firm with over $25 billion in long-duration capital. You can also learn more about how to sell your private shares before getting started. Copyright 2023 MarketWatch, Inc. All rights reserved. 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. Indeed, Lyra Health started Lyra Blended Care, which pairs video therapy with online lessons and exercises rooted in cognitive behavioral therapy. ICAS has a long-standing reputation for the provision of culturally responsive, localized care built on a foundation of clinical quality. Of acquisition does this organization make most frequently 2, 2020 exceptional companies characterized sustainable. By registering, you agree to Forges Terms of Use by Dragoneer led the round was. Has raised a total of $ 7B by leading companies, including Genentech a! Want to track the most promising startups what that means for stocks and bonds & ETNs with of... 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