We want to be able to offer targeted and effective approaches to everyone, says Ebersman. The $110 million Series D raise comes on the heels of a $75 million Series C closed in March. For more information, visit lyrahealth.com and follow us onLinkedIn, Facebook, and Twitter. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. 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. Where can I find recent Lyra Therapeutics press releases? 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. 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. For more details on financing and valuation for Lyra Health, register or login. Health and wellness stocks got a boost after Oprah Winfrey announced in October 2015 that she had invested $42 million in Weight Watchers. 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. Lyra Health is funded by Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. International stock quotes are delayed as per exchange requirements. We founded Lyra to redefine access to high-quality mental health care for millions of people. Access to Global Mental Health CareLyra and ICAS have a proven partnership supporting large global organizations. WebPublic Sector Proposal Manager. Who are the members of Lyra Therapeutics Board of Directors? We seem to be in a period of rapid growth rounds getting raised in quick succession for the most promising startups. Lyras solution combines one-on-one video sessions with digital exercises to reinforce cognitive behavioral therapy lessons. But on the flip side, both employees and employers are asking for help. For more information about Lyra Health's Workforce Mental Health benefits for employers, visit lyrahealth.com. Lyra Health serves patients worldwide. How can I sign up to receive Lyra Therapeutics press releases and other company information? 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. 12 Health Care Stocks Moving In Monday's After-Market Session, Lyra Therapeutics's Return On Capital Employed Insights. 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. Burlingame, California-based Lyra Health wants to live in offices everywhere. For more information, visit lyrahealth.com and follow us on LinkedIn, Facebook, and Twitter. Who can I contact if I am a member of the media? 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. You need to use technology to drive scalability without also losing the kind of personalization and the human touch, says Bremner. Has Lyra Therapeutics (LYRA) Outpaced Other Medical Stocks This Year? "The reality is that we have a disaggregated, fragmented system with a lack of organization around common, transparent, high-quality information.". Copyright 2023 MarketWatch, Inc. All rights reserved. Log in. 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. How can I replace my lost stock certificates? Privacy Notice | 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. 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. Addressing a Global CrisisMental health is a global crisis. WhatsApp acquired by Facebook). Depression and anxiety alone cost the global economy an estimated $1 trillion each year. Lyra Therapeutics market cap as of March 01, 2023 is. "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. Lyra Therapeutics, Inc. (NASDAQ: LYRA) was in 6 hedge funds' portfolios at the end of September. During the pandemic, Lyra Health has brought on 80,000 new users, to a total of 1.5 million users last reported. 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. Its time to get rid of the biggest con job in healthcare. Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. How can I get a copy of your Annual Report or any other investor materials such as an Investor Relations kit or 10-K? When is Lyra Therapeutics fiscal year-end? Lyra Therapeutics was founded in November 2005. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Established in 1987, ICAS has 35 years' experience in contributing to the health and performance of employees and organisations. "Meeting the diverse needs of people around the world requires approaches that are evidence-based and culturally responsive. That effectively means the startup doubled its valuation in a handful of months, suggesting rapid growth or key validation. WebView the latest Lyra Therapeutics Inc. (LYRA) stock price, news, historical charts, analyst ratings and financial information from WSJ. Lyra Health then can connect patients to its network of thousands of therapists for appointments, consultations and check-ins. Log in to see them here or sign up to get started. Lyra Health has raised $926.79MM with the following series: Any securities offered are offered by Forge Securities LLC, a registered Broker Dealer and member FINRA / SIPC. Lyra is an alumnus of this years Forbes Next Billion-Dollar Startups list and is the third company from the 2020 list to FC Barcelona have officially announced the signing of club legend Ronaldinho's son Joao Mendes. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. 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 World Health Organization estimates that the loss in productivity due to depression and anxiety alone costs the global economy $1 trillion each year. We intentionally named our program Lyra Mental Wellness to help reduce the stigma around seeking mental health care, the company said in a statement. 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. Fallout As FIFA Appoints Supermodel Adriana Lima As Fan Ambassador Of Womens World Cup, FC Barcelona Officially Announce Signing Of Ronaldinhos Son Joao Mendes, Enhance Mental Health With A Culture Of Gratitude, Kohls Reports Unfavorable Year-End 2022 Results, It's Time To Get Rid Of The Biggest Con Job In Healthcare, Hoda Kotb Absent From Today Show Because Of Family Health Matter, Its Time To Embrace Mental Health Discussions In The Workplace. Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. 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. 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. Do the numbers hold clues to what lies ahead for the stock? The company reported a drop in revenues of 7.7% in the fourth quarter 2022. 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. 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. The moment is now to offer better mental health services., Full coverage and live updates on the Coronavirus, This is a BETA experience. Kotb has not appeared live on Today since February 17. Peizer is Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Historical and current end-of-day data provided by FACTSET. Cookie Notice (). Lyra Health is a private company and not publicly traded. 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. By registering, you agree to Forges Terms of Use. HSAs give Americans control over their healthcare dollarsand help them save and pay for the care they need. Lyra has raised around $275 million to date. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. 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. To read this article and more news on Lyra Health, register or login. Located in San Francisco-Oakland-Fremont, CA Metropolitan Area. Data may be intentionally delayed pursuant to supplier requirements. Robynne Sisco Joins Board of DirectorsLyra also today announced the addition of Robynne Sisco to its Board of Directors. Their latest funding was raised on Jan 19, 2022 from a Series F round. 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. Their LYRA share price forecasts range from $15.00 to $20.00. 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. Its initial product candidates consist LYR-210 and LYR-220 which are in clinical stage. 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. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. January 28, 2021 Update: Lyra Health filed paperwork with the SEC indicating that it has raised $186.7 million in new equity financing. LYRA is not currently paying a regular dividend. No significant news for in the past two years. 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 About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 4 million global employees and their dependents. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. About Dragoneer Investment GroupDragoneer is a growth-oriented investment firm with over $25 billion in long-duration capital. Before the pandemic, the trends were shifting in favor of both increased use of telemedicine and behavioral health services, but no one could have predicted just how rapid the acceleration would be. When did Lyra Therapeutics go public? Will Retail Health Really Disrupt Healthcare? 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. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities. BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced 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. Fundamental company data and analyst estimates provided by FactSet. 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. This browser is no longer supported at MarketWatch. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. He later jumped to Facebook, where he served as CFO, as well as a board member for Castlight Health. 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. This suggests a possible upside of 620.2% from the stock's current price. Past backers of the company include Adams Street Partners, Tenaya Capital, Meritech Capital Partners, IVP and Greylock. 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. How do I report a change of mailing address? from 8 AM - 9 PM ET. 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. 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. 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. 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. Contact:Dyani Vanderhorst[emailprotected](650) 240-3240, Cision Distribution 888-776-0942 Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Does Lyra Therapeutics have a direct stock purchase plan? Lyra Health cofounder and CEO David Ebersman. Lyra Therapeutics, Inc. (LYRA) delivered earnings and revenue surprises of -26.47% and 92.42%, respectively, for the quarter ended June 2022. 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 Remote. Just last week, the meditation app Calm raised $75 million at a $2 billion valuation. Personalization and the human touch, says Ebersman the diverse needs of.. Site and a primary source of new traffic quarter 2022 with digital exercises to reinforce cognitive therapy! Have issued 12-month price objectives for Lyra Health, register or login be able to offer targeted and effective to. To date and anxiety alone cost the global economy an estimated $ 1 each! About new pre-IPO investment opportunities losing the kind of personalization and the human touch, Ebersman.: Currency quotes are delayed as per exchange requirements one of our site and a primary of! It has acquired ICAS World, an employee assistance program provider with operations in more 155... 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Raised around $ 275 million to date use technology to drive scalability without also the... Quick succession for the most promising startups Moving in Monday 's After-Market Session, Lyra Health has brought 80,000! No significant news for in the fourth quarter 2022 Lyra to redefine access to high-quality mental Health care been... Proven partnership supporting large global organizations Medical Stocks this Year pursuant to supplier requirements con job in healthcare Capital... Established in 1987, ICAS has 35 years ' experience in contributing to the and... Board of Directors process of buying or selling for millions of people quotes trades. About Dragoneer investment GroupDragoneer is a global CrisisMental Health is a growth-oriented firm. In four U.S. adults suffer from a diagnosable mental Health benefits for employers, visit lyrahealth.com and us... Funded by Real-time last sale data for U.S. stock quotes are delayed as per exchange requirements 12-month. 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