Robynne Sisco Joins Board of DirectorsLyra also today announced the addition of Robynne Sisco to its Board of Directors. 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 All quotes are in local exchange time. Learn more about how to invest in the private market or register today to get started. supports your people with: Instant access to individualized care, from self-guided programs and mental "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. The company counts a wide range of industries among its client base, ranging from Morgan Stanley to Zoom Video Communications. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. 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. One such customer is Genentech, which began partnering with Lyra in October 2018. Lyra Health has raised a total of $910.1M in funding over 8 rounds. Who are the members of Lyra Therapeutics Executive Team? 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. Kocher and Roberts continue to serve on the board, while Bravata left the company. Have Watchlists? For more information, visit lyrahealth.com and follow us onLinkedIn, Facebook, and Twitter. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. The health tech unicorn also acquired employee assistance program provider ICAS World, which operates in over 155 countries, to support its global expansion. 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. Who can I contact if I am a member of the media? How do I report a change of mailing address? Lyra Health is a private company and not publicly traded. Our calculations also "Lyra's innovative, evidence-based approach to delivering mental health care, combined with ICAS's extensive local provider network, transforms access to quality mental health care for organizations and their employees and families," said Andrew Davies, CEO of ICAS. 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. He later jumped to Facebook, where he served as CFO, as well as a board member for Castlight Health. Telehealth platform Lyra is taking on bigger mental health challenges. "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. It is a life-saving technology that assists those with advanced diabetes stay healthier and prolong their lives. Just as they have access to an acupuncturist or physical therapist, we encourage our employees to consider Lyra part of their holistic care team.. If I have questions regarding Lyra Therapeutics that have not been answered, whom should I contact. 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. 27, 2020 at 8:42 a.m. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Copyright 2023 Forge Global, Inc. All rights reserved. There have been a number of categories of technology that have seen a bump of usage and interest during this coronavirus pandemic, and sadly or perhaps usefully, depending on how you look at it mental health and wellness startups, aimed at helping our well-being in this trying time, have been one of them. "The reality is that we have a disaggregated, fragmented system with a lack of organization around common, transparent, high-quality information.". 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. Contact:Dyani Vanderhorst[emailprotected](650) 240-3240, Cision Distribution 888-776-0942 We are reaching out to the company and investors for a response to the filing. 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. The need for a solution has helped tech-powered mental health solutions raise funding to meet increased demand. 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. Privacy Notice | By registering, you agree to Forges Terms of Use. Based in Henderson, N.V., Ontrak is an AI-powered health technology company. Here is how Lyra Therapeutics, Inc. (LYRA) and Neurocrine Biosciences (NBIX) have performed compared to their sector so far this year. WebLyra Therapeutics market cap history and chart from 2020 to 2022. Lyra has raised around $275 million to date. Five years later, Lyra is rapidly expanding, and by the end of this month expects to have delivered its one-millionth session. 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. Change value during other periods is calculated as the difference between the last trade and the most recent settle. 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. Sisco is currently co-president and chief financial officer at Workday. ICAS has a long-standing reputation for the provision of culturally responsive, localized care built on a foundation of clinical quality. January 28, 2021 Update: Lyra Health filed paperwork with the SEC indicating that it has raised $186.7 million in new equity financing. It develops novel integrated drug and delivery solutions for the localized treatment of patients with ear, nose and throat, or ENT, diseases. Nearly 1 billion people worldwide suffer from a mental health disorder. Lyra Health is a provider of comprehensive mental health care benefits for employers. 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. Thats where one of Lyras flagship products comes in: Blended Care. For more information about Lyra Health's Workforce Mental Health benefits for employers, visit lyrahealth.com. WebLyra Health Company Stats Industry Healthcare Founded 2015 Headquarters Burlingame, California Country United States Co-Founder & CEO David Ebersman Forbes Lists #3 Since then, a spokesperson says the biotech has seen a sevenfold increase in the use of its employee assistance program. The all time high for this statistics is 8. However, Lyras clients are actually the corporations they are the ones who pay for the Lyra service. The clinical and technological innovations from Lyra and the global expertise from ICAS are a category-defining match. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. LYRA is not currently paying a regular dividend. Lyra Health serves patients worldwide. ET by Ciara Linnane Other News Press Releases Stocks That Hit 52 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. "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. Source: FactSet. Lyra has raised around $275 million to date. It is focused on the development and commercialization of novel integrated drug and delivery solutions for patients with ear, nose and throat diseases. For more information about Lyra Health's innovative mental health benefits for employers, visit lyrahealth.com. Their latest funding was raised on Jan 19, 2022 from a Series F round. Update: Discord confirms raising $100M at a valuation of $7B. Assertio (ASRT) Soars 5.1%: Is Further Upside Left in the Stock? 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. 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. Lyra Therapeutics, Inc. (NASDAQ: LYRA) was in 6 hedge funds' portfolios at the end of September. Here are similar public companies: HealthStream (NAS: HSTM), Doximity (NYS: DOCS), Zymergen (NAS: ZY), Sight Sciences (NAS: SGHT). WhatsApp acquired by Facebook). Please check your download folder. 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. /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced Established in 1987, ICAS has 35 years' experience in contributing to the health and performance of employees and organisations. Who are the members of Lyra Therapeutics Board of Directors? Peizer is 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. Estimated $76.2K - $96.5K a year. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Lyra Health, a Silicon Valley startup, has raised $675M+ in funding to connect employees of companies, such as Facebook, to mental health treatment. We intentionally named our program Lyra Mental Wellness to help reduce the stigma around seeking mental health care, the company said in a statement. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Historical and current end-of-day data provided by FACTSET. The firms proprietary XTreo deliver medicines. Where can I find more information on Lyra Therapeutics R&D programs? Fundamental company data and analyst estimates provided by FactSet. 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. 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. For the best MarketWatch.com experience, please update to a modern browser. from 8 AM - 9 PM ET. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. We seem to be in a period of rapid growth rounds getting raised in quick succession for the most promising startups. If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. 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 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 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. Cookie Notice (). 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. Data may be intentionally delayed pursuant to supplier requirements. AI-Driven Medical Care? Burlington Stores stock rises on positive Q1 earnings outlook, Best Buy Q4 sees FY2024 adj. 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. The acquisition builds on the successful existing partnership between the two companies. Contact:Dyani Vanderhorst[emailprotected]m (650) 240-3240, Cision Distribution 888-776-0942 Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. Log in. 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. 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. 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. On which exchange is Lyra Therapeutics listed and what is the ticker symbol? When typing in this field, a list of search results will appear and be automatically updated as you type. WebPublic Sector Proposal Manager. Source: Kantar Media. 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. 12 Health Care Stocks Moving In Monday's After-Market Session, Lyra Therapeutics's Return On Capital Employed Insights. 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 Therapeutics went public on April 2, 2020. WebMental health benefits provider Lyra Health grabbed $235 million in a series F round that boosted its valuation to $5.85 billion. 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. Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. Log in to see them here or sign up to get started. 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. 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. How much funding has this organization raised over time? 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. 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. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. Its time to get rid of the biggest con job in healthcare. Copyright 2019 FactSet Research Systems Inc. All rights reserved. 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. 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. Lyra Health then can connect patients to its network of thousands of therapists for appointments, consultations and check-ins. The paperwork was uncovered by Prime Unicorn Index. 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. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities. 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 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. Lee Fixels new venture firm Addition led the round and was joined by Adams Street Partners, along with existing investors, including former Starbucks CEO Howard Schultz, Casdin Capital, Glynn Capital, Greylock Partners, IVP, Meritech Capital Partners, Providence Ventures and Tenaya Capital. Shares can be purchased through a stockbroker of your choice. Do the numbers hold clues to what lies ahead for the stock? "Meeting the diverse needs of people around the world requires approaches that are evidence-based and culturally responsive. WebLyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. One investor noted that the round has not closed yet. 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.". Greater use of primary care services has long been associated with better health, better care, and lower costs. 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 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. Edit Post-Money Valuation Data by PrivCo Section. Indeed, Lyra Health started Lyra Blended Care, which pairs video therapy with online lessons and exercises rooted in cognitive behavioral therapy. The coronavirus pandemic has underscored, and often exacerbated, the mental health crisis that exists across the world. International stock quotes are delayed as per exchange requirements. How do I contact Investor Relations with a question or request? The flywheel continues. To read this article and more news on Lyra Health, register or login. When is Lyra Therapeutics fiscal year-end? 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. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Development and commercialization of novel integrated drug and delivery solutions for patients with ear, nose throat! Members of Lyra Therapeutics R & D programs care, and what is the ticker symbol ( ASRT ) 5.1. Connect with our private Market Specialists and learn more about how to invest in the stock mental. In a period of rapid growth rounds getting raised in quick succession for the Lyra service their latest was! A Series F round on Capital Employed Insights clinical quality Return on Capital Employed Insights of rapid rounds... 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