Lyra Therapeutics was incorporated as a Delaware corporation on November 21, 2005 under the name WMR Biomedical, Inc. On July 16, 2018, the name was formally changed to Lyra Therapeutics, Inc. You can view our Board of Directors by visiting the, You can view our management team by visiting the. Lyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. The need for a solution has helped tech-powered mental health solutions raise funding to meet increased demand. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. Lyra Therapeutics Inc. is a clinical-stage therapeutics company. 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 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Subscriber Agreement & Terms of Use | The firm's track record includes public and private investments across industries and geographies, with a particular focus on technology-enabled businesses. WebMental health benefits provider Lyra Health grabbed $235 million in a series F round that boosted its valuation to $5.85 billion. All rights reserved. You can also learn more about how to sell your private shares before getting started. Lyra Therapeutics market cap as of March 01, 2023 is. from 8 AM - 9 PM ET. Please check your download folder. ET by Ciara Linnane Other News Press Releases Stocks That Hit 52 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. Depression and anxiety alone cost the global economy an estimated $1 trillion each year. Lyra Therapeutics went public on April 2, 2020. Have Watchlists? How can I sign up to receive Lyra Therapeutics press releases and other company 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. That effectively means the startup doubled its valuation in a handful of months, suggesting rapid growth or key validation. 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. 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. supports your people with: Instant access to individualized care, from self-guided programs and mental Lyra Therapeutics was founded in November 2005. 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. 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.". One of the keys to the companys success is using clinical measurement tools to establish improvement over time. Create a list of the investments you want to track. To succeed, Lyra must make a compelling sales Changing the Public Narrative of Therapy "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 Health is looking for a Proposal Manager to own complex proposal projects from start to finish, with an emphasis on public sector proposals. Where is Lyra Therapeutics corporate headquarters? Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. Edit Post-Money Valuation Data by PrivCo Section. About Dragoneer Investment GroupDragoneer is a growth-oriented investment firm with over $25 billion in long-duration capital. "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.". Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. Who is Lyra Therapeutics independent registered public accounting firm? Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. While it is not clear whether the company has closed the round, filings in Delaware usually appear after part or all of the funding has been secured. Update: Discord confirms raising $100M at a valuation of $7B. You need to use technology to drive scalability without also losing the kind of personalization and the human touch, says Bremner. Who are the members of Lyra Therapeutics Board of Directors? About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Mr. 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. 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. 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. Lyra Health, a Silicon Valley startup, has raised $675M+ in funding to connect employees of companies, such as Facebook, to mental health treatment. Access to Global Mental Health CareLyra and ICAS have a proven partnership supporting large global organizations. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. 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. 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. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. With this acquisition, Lyra and ICAS are setting a new standard for global mental health care. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. One investor noted that the round has not closed yet. Has Lyra Therapeutics (LYRA) Outpaced Other Medical Stocks This Year? 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. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. 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. Who is Lyra Therapeutics transfer agent and how do I contact them? For more details on financing and valuation for Lyra Health, register or login. 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Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Will Retail Health Really Disrupt Healthcare? Kotb has not appeared live on Today since February 17. 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. ", "We are excited to welcome Robynne to our Board of Directors," said David Ebersman, Lyra Health CEO and co-founder. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Lyra Health is a private company and not publicly traded. "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. 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 Therapeutics, Inc. (LYRA) delivered earnings and revenue surprises of -26.47% and 92.42%, respectively, for the quarter ended June 2022. How can I replace my lost stock certificates? About ICAS WorldICAS is a leading provider of Employee Assistance Programmes to the business community. Lyra Therapeutics Inc. is based in Watertown, Mass. Lyra Health cofounder and CEO David Ebersman. Intraday data delayed at least 15 minutes or per exchange requirements. Lyra Health then can connect patients to its network of thousands of therapists for appointments, consultations and check-ins. The $110 million Series D raise comes on the heels of a $75 million Series C closed in March. 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. The coronavirus pandemic has underscored, and often exacerbated, the mental health crisis that exists across the world. BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. 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. Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. 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. 12 Health Care Stocks Moving In Monday's After-Market Session, Lyra Therapeutics's Return On Capital Employed Insights. 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. Lyra Therapeutics, Inc. (NASDAQ: LYRA) was in 6 hedge funds' portfolios at the end of September. The clinical and technological innovations from Lyra and the global expertise from ICAS are a category-defining match. We intentionally named our program Lyra Mental Wellness to help reduce the stigma around seeking mental health care, the company said in a statement. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. 2023 Forbes Media LLC. The firms proprietary XTreo deliver medicines. Log in. The World Health Organization estimates that the loss in productivity due to depression and anxiety alone costs the global economy $1 trillion each year. Assertio (ASRT) Soars 5.1%: Is Further Upside Left in the Stock? Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares. Already registered? AI-Driven Medical Care? Our calculations also "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.". WebView the latest Lyra Therapeutics Inc. (LYRA) stock price, news, historical charts, analyst ratings and financial information from WSJ. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. WebLyra Therapeutics to offer 3.5 million shares in planned IPO, priced at $14 to $16 each Apr. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. 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, Inc. Common Stock (LYRA) Add to Watchlist Add to Portfolio Quotes Summary Real-Time After-Hours Pre-Market Charts NEWS & ANALYSIS News Press Untreated mental health conditions can lead to lower productivity and morale that can affect the overall work environment. Lyra Therapeutics does not offer a direct stock purchase plan. Lyra Health is a provider of comprehensive mental health care benefits for employers. 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. The health tech unicorn also acquired employee assistance program provider ICAS World, which operates in over 155 countries, to support its global expansion. Indeed, Lyra Health started Lyra Blended Care, which pairs video therapy with online lessons and exercises rooted in cognitive behavioral therapy. 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. 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. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Contact:Dyani Vanderhorst[emailprotected](650) 240-3240, Cision Distribution 888-776-0942 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Based in Henderson, N.V., Ontrak is an AI-powered health technology company. 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. Marquee events held by soccers governing body have been hit by controversies over representation and human rights. 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. Its time to get rid of the biggest con job in healthcare. 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. "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. The all time high for this statistics is 8. Burlingame, California-based Lyra Health wants to live in offices everywhere. 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. It is a life-saving technology that assists those with advanced diabetes stay healthier and prolong their lives. 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