Thats where one of Lyras flagship products comes in: Blended Care. 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. Copyright 2019 FactSet Research Systems Inc. All rights reserved. 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. Lyra Health is a private company and not publicly traded. We founded Lyra to redefine access to high-quality mental health care for millions of people. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. 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Which types of acquisition does this organization make most frequently. Contact:Dyani Vanderhorst[emailprotected]m (650) 240-3240, Cision Distribution 888-776-0942 "Lyra is dedicated to redefining access to high-quality mental healthcare for both individuals and employers on a global scale," said Sisco. Lyra Therapeutics Inc. is based in Watertown, Mass. Mr. The flywheel continues. Lyra Health cofounder and CEO David Ebersman. Mental health startups typically focus on treating anxiety and depression. Remote. 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. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. But on the flip side, both employees and employers are asking for help. The acquisition builds on the successful existing partnership between the two companies. The need for a solution has helped tech-powered mental health solutions raise funding to meet increased demand. Lyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. This suggests a possible upside of 620.2% from the stock's current price. Greater use of primary care services has long been associated with better health, better care, and lower costs. 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. January 28, 2021 Update: Lyra Health filed paperwork with the SEC indicating that it has raised $186.7 million in new equity financing. 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. 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. Visit a quote page and your recently viewed tickers will be displayed here. This new funding will help Lyra deliver comprehensive and culturally responsive mental health care for organizations and their employees and families," said Ebersman. 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. 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. Its initial product candidates consist LYR-210 and LYR-220 which are in clinical stage. 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. 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 transforms behavioral health care through technology with a human touch. We are reaching out to the company and investors for a response to the filing. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced Subscriber Agreement & Terms of Use | Lyra has raised around $275 million to date. 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. 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 It feels different right now, he says. Lyra Health is a provider of comprehensive mental health care benefits for employers. "The reality is that we have a disaggregated, fragmented system with a lack of organization around common, transparent, high-quality information.". 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. The firms proprietary XTreo deliver medicines. 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. The paperwork was uncovered by Prime Unicorn Index. Sisco is currently co-president and chief financial officer at Workday. Lyra Therapeutics was founded in November 2005. 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 are the members of Lyra Therapeutics Board of Directors? Burlingame, California-based Lyra Health wants to live in offices everywhere. Their latest funding was raised on Jan 19, 2022 from a Series F round. That effectively means the startup doubled its valuation in a handful of months, suggesting rapid growth or key validation. 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. 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. 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. 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. Since then, a spokesperson says the biotech has seen a sevenfold increase in the use of its employee assistance program. Who can I contact if I am a member of the media? WebView the latest Lyra Therapeutics Inc. (LYRA) stock price, news, historical charts, analyst ratings and financial information from WSJ. 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. Each stockholder in question must sign the request for an address change. For more information, visit icasworld.com and follow us on LinkedIn. "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. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. To read this article and more news on Lyra Health, register or login. There are currently no items in this Watchlist. 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. 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. Historical and current end-of-day data provided by FACTSET. You can also learn more about how to sell your private shares before getting started. Health and wellness stocks got a boost after Oprah Winfrey announced in October 2015 that she had invested $42 million in Weight Watchers. The company was founded by Carmichael S. Roberts, George M. Whitesides, and Robert S. Langer in November 2005 and is headquartered in Watertown, MA. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares. The company helps employers give their employees a suite of safe and confidential tools to support their mental health needs. Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. During the pandemic, Lyra Health has brought on 80,000 new users, to a total of 1.5 million users last reported. By registering, you agree to Forges Terms of Use. Which funding types raised the most money? The all time high for this statistics is 8. 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. Where can I find more information on Lyra Therapeutics R&D programs? 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. 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. "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. WebLyra Health Company Stats Industry Healthcare Founded 2015 Headquarters Burlingame, California Country United States Co-Founder & CEO David Ebersman Forbes Lists #3 Shares can be purchased through a stockbroker of your choice. For more details on financing and valuation for Lyra Health, register or login. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. from 8 AM - 9 PM ET. How do I contact Investor Relations with a question or request? 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. Cookie Notice (). Samsara BioCapital, LLC's Top 5 Buys of the 2nd Quarter. Just as they have access to an acupuncturist or physical therapist, we encourage our employees to consider Lyra part of their holistic care team.. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Untreated mental health conditions can lead to lower productivity and morale that can affect the overall work environment. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. We seem to be in a period of rapid growth rounds getting raised in quick succession for the most promising startups. Its time to get rid of the biggest con job in healthcare. Through its global network, ICAS supports more than 1,500 companies and 6.3 million members and their families. 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. How much funding has this organization raised over time? Please check your download folder. Learn more about how to invest in the private market or register today to get started. 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. One of the keys to the companys success is using clinical measurement tools to establish improvement over time. 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. 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. 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