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. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly traded company and is calculated by multiplying the current stock price by the number of shares outstanding. The company was founded by Carmichael S. Roberts, George M. Whitesides, and Robert S. Langer in November 2005 and is headquartered in Watertown, MA. "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.". The stock price for Lyra Health will be known as it becomes public. 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. For more information about Lyra Health's Workforce Mental Health benefits for employers, visit lyrahealth.com. When is Lyra Therapeutics fiscal year-end? Thats where one of Lyras flagship products comes in: Blended Care. Lyra Health is looking for a Proposal Manager to own complex proposal projects from start to finish, with an emphasis on public sector proposals. Mental health startups typically focus on treating anxiety and depression. Lyra Health then can connect patients to its network of thousands of therapists for appointments, consultations and check-ins. It is a life-saving technology that assists those with advanced diabetes stay healthier and prolong their lives. Once an employee joins Lyra, the company creates a set of recommendations for the now-patient based on a survey. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. 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. Contact:Dyani Vanderhorst[emailprotected](650) 240-3240, Cision Distribution 888-776-0942 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 industry-leading workforce mental health solutions will now reach more than 155 countries through ICAS's proven global network. 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. Telehealth platform Lyra is taking on bigger mental health challenges. Here are similar public companies: HealthStream (NAS: HSTM), Doximity (NYS: DOCS), Zymergen (NAS: ZY), Sight Sciences (NAS: SGHT). The need for a solution has helped tech-powered mental health solutions raise funding to meet increased demand. Has Lyra Therapeutics (LYRA) Outpaced Other Medical Stocks This Year? All rights reserved. How do I contact Investor Relations with a question or request? Who is Lyra Therapeutics transfer agent and how do I contact them? Lyra Therapeutics Inc. is a clinical-stage therapeutics company. LYRA | Lyra Therapeutics Inc. Stock Price & 3 Wall Street analysts have issued 12-month price objectives for Lyra Therapeutics' shares. Here is how Lyra Therapeutics, Inc. (LYRA) and Neurocrine Biosciences (NBIX) have performed compared to their sector so far this year. from 8 AM - 9 PM ET. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. 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. Their LYRA share price forecasts range from $15.00 to $20.00. Each stockholder in question must sign the request for an address change. The $110 million Series D raise comes on the heels of a $75 million Series C closed in March. Data may be intentionally delayed pursuant to supplier requirements. 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. Which investors participated in the most funding rounds? Who is Lyra Therapeutics independent registered public accounting firm? 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. Lyra Health is funded by The World Health Organization estimates that the loss in productivity due to depression and anxiety alone costs the global economy $1 trillion each year. 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. BURLINGAME, Calif. , Jan. 19, 2022. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities. Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. We are reaching out to the company and investors for a response to the filing. For more information, visit lyrahealth.com and follow us onLinkedIn, Facebook, and Twitter. 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. It develops novel integrated drug and delivery solutions for the localized treatment of patients with ear, nose and throat, or ENT, diseases. Who are the members of Lyra Therapeutics Board of Directors? 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 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 HSAs give Americans control over their healthcare dollarsand help them save and pay for the care they need. There are currently no items in this Watchlist. One of the keys to the companys success is using clinical measurement tools to establish improvement over time. Lyra Health is a provider of comprehensive mental health care benefits for employers. Greater use of primary care services has long been associated with better health, better care, and lower costs. For more information about Lyra Health's innovative mental health benefits for employers, visit lyrahealth.com. WebPublic Sector Proposal Manager. Where is Lyra Therapeutics corporate headquarters? Nearly 1 billion people worldwide suffer from a mental health disorder. "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. Lyra Therapeutics Market Cap 2020-2022 | LYRA. Lyra Therapeutics market cap as of March 01, 2023 is. If you use our datasets 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 The Company transforms behavioral health care through technology with a human touch. 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. 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. 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 clinical and technological innovations from Lyra and the global expertise from ICAS are a category-defining match. 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. The all time high for this statistics is 8. One such customer is Genentech, which began partnering with Lyra in October 2018. 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. We seem to be in a period of rapid growth rounds getting raised in quick succession for the most promising startups. 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. WebLyra Health, Inc. provides healthcare services. 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. Untreated mental health conditions can lead to lower productivity and morale that can affect the overall work environment. "Lyra is dedicated to redefining access to high-quality mental healthcare for both individuals and employers on a global scale," said Sisco. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. 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. Its time to get rid of the biggest con job in healthcare. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. Lyra Health has raised a total of $910.1M in funding over 8 rounds. Sisco is currently co-president and chief financial officer at Workday. 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. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. "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.. Depression and anxiety alone cost the global economy an estimated $1 trillion each year. Assertio (ASRT) Soars 5.1%: Is Further Upside Left in the Stock? Located in San Francisco-Oakland-Fremont, CA Metropolitan Area. January 28, 2021 Update: Lyra Health filed paperwork with the SEC indicating that it has raised $186.7 million in new equity financing. 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 Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Burlington Stores stock rises on positive Q1 earnings outlook, Best Buy Q4 sees FY2024 adj. 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. How much funding has this organization raised over time? 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. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Just last week, the meditation app Calm raised $75 million at a $2 billion valuation. Robynne Sisco Joins Board of DirectorsLyra also today announced the addition of Robynne Sisco to its Board of Directors. Based in Henderson, N.V., Ontrak is an AI-powered health technology company. However, Lyras clients are actually the corporations they are the ones who pay for the Lyra service. That effectively means the startup doubled its valuation in a handful of months, suggesting rapid growth or key validation. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 4 million global employees and their dependents. WhatsApp acquired by Facebook). Still, in a world where in-office perks are no longer available, mental health might be a key investment to help startup retention. 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.". The coronavirus pandemic has underscored, and often exacerbated, the mental health crisis that exists across the world. 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. WebLyra Therapeutics market cap history and chart from 2020 to 2022. "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. 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. 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: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Intraday Data provided by FACTSET and subject to terms of use. I'm a senior writer covering healthcare technology. 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. "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. 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. One investor noted that the round has not closed yet. The health tech unicorn also acquired employee assistance program provider ICAS World, which operates in over 155 countries, to support its global expansion. Source: Kantar Media. 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. To your site: your data export is now complete promising startups a key to... 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