Currently, Lyra Therapeutics does not offer a dividend or a dividend reinvestment program. Untreated mental health conditions can lead to lower productivity and morale that can affect the overall work environment. ICAS has a long-standing reputation for the provision of culturally responsive, localized care built on a foundation of clinical quality. Since then, a spokesperson says the biotech has seen a sevenfold increase in the use of its employee assistance program. Lyra Therapeutics was founded in November 2005. One of the keys to the companys success is using clinical measurement tools to establish improvement over time. Lyra Therapeutics Market Cap 2020-2022 | LYRA. 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. Where can I find more information on Lyra Therapeutics R&D programs? We intentionally named our program Lyra Mental Wellness to help reduce the stigma around seeking mental health care, the company said in a statement. Already registered? 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. 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. The moment is now to offer better mental health services., Full coverage and live updates on the Coronavirus, This is a BETA experience. Who is Lyra Therapeutics transfer agent and how do I contact them? Intraday data delayed at least 15 minutes or per exchange requirements. Established in 1987, ICAS has 35 years' experience in contributing to the health and performance of employees and organisations. Fundamental company data and analyst estimates provided by FactSet. This browser is no longer supported at MarketWatch. 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. FC Barcelona have officially announced the signing of club legend Ronaldinho's son Joao Mendes. 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. 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. Kocher and Roberts continue to serve on the board, while Bravata left the company. Please check your download folder. 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. During the pandemic, Lyra Health has brought on 80,000 new users, to a total of 1.5 million users last reported. 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. When is Lyra Therapeutics fiscal year-end? Lyra Therapeutics Inc. is based in Watertown, Mass. 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. Lyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. 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. Which funding types raised the most money? 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. 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. 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. from 8 AM - 9 PM ET. No significant news for in the past two years. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. 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. 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. 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 to invest in the private market or register today to get started. Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. 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.". 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. LYRA is not currently paying a regular dividend. WebLyra Health Company Stats Industry Healthcare Founded 2015 Headquarters Burlingame, California Country United States Co-Founder & CEO David Ebersman Forbes Lists #3 Mr. 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. With this acquisition, Lyra and ICAS are setting a new standard for global mental health care. 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.". AI-Driven Medical Care? WebLyra Therapeutics to offer 3.5 million shares in planned IPO, priced at $14 to $16 each Apr. Sisco is currently co-president and chief financial officer at Workday. Who are the members of Lyra Therapeutics Executive Team? Where can I find recent Lyra Therapeutics press releases? 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. Is Lyra Health a public company? Burlingame, California-based Lyra Health wants to live in offices everywhere. 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. For more information, visit lyrahealth.com and follow us onLinkedIn, Facebook, and Twitter. 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"Providing high-quality mental health care for diverse employee populations around the world is one of the most critical and challenging issues for employers today. For more details on financing and valuation for Lyra Health, register or login. "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.". The stock price for Lyra Health will be known as it becomes public. Log in. 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. When did Lyra Therapeutics go public? WhatsApp acquired by Facebook). Here are similar public companies: HealthStream (NAS: HSTM), Doximity (NYS: DOCS), Zymergen (NAS: ZY), Sight Sciences (NAS: SGHT). Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares. supports your people with: Instant access to individualized care, from self-guided programs and mental Copyright 2019 FactSet Research Systems Inc. All rights reserved. About Dragoneer Investment GroupDragoneer is a growth-oriented investment firm with over $25 billion in long-duration capital. Does Lyra Therapeutics pay dividends and have a dividend reinvestment program? The Company transforms behavioral health care through technology with a human touch. Lyra Health does not currently have an official ticker symbol because this company is still private. The paperwork was uncovered by Prime Unicorn Index. Copyright 2023 MarketWatch, Inc. All rights reserved. Contact:Dyani Vanderhorst[emailprotected]m (650) 240-3240, Cision Distribution 888-776-0942 The need for a solution has helped tech-powered mental health solutions raise funding to meet increased demand. Just last week, the meditation app Calm raised $75 million at a $2 billion valuation. Lyra Health is a private company and not publicly traded. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. EPS $5.70-$6.50; FactSet consensus $6.72, Best Buy Q4 same-store sales down 9.3%, missing FactSet consensus for a decline of 5.5%, Best Buy Q4 revenue down 10% to $14.74 bln, tops the FactSet consensus $14.72 bln, Best Buy Q4 adj. 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. Source: Kantar Media. Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. 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.". WebLyra Therapeutics market cap history and chart from 2020 to 2022. How much funding has this organization raised over time? 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. Lyra's industry-leading workforce mental health solutions will now reach more than 155 countries through ICAS's proven global network. 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. Health and wellness stocks got a boost after Oprah Winfrey announced in October 2015 that she had invested $42 million in Weight Watchers. 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. 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. It feels different right now, he says. Mental health startups typically focus on treating anxiety and depression. One of the biggest challenges in the $280 billion behavioral health market is access, given that only a fraction of the people that actually need care, get it, says Thomas Bremner, partner at Adams Street Partners. How can I sign up to receive Lyra Therapeutics press releases and other company information? 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. The company reported a drop in revenues of 7.7% in the fourth quarter 2022. It develops novel integrated drug and delivery solutions for the localized treatment of patients with ear, nose and throat, or ENT, diseases. He later jumped to Facebook, where he served as CFO, as well as a board member for Castlight Health. Estimated $76.2K - $96.5K a year. ", "We are excited to welcome Robynne to our Board of Directors," said David Ebersman, Lyra Health CEO and co-founder. Prime Unicorn Index notes that the terms surrounding this Series E round include a pari passu liquidation preference with all other preferred, and conventional convertible, meaning they will not participate with common stock if there are remaining proceeds. 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. Based in Henderson, N.V., Ontrak is an AI-powered health technology company. The clinical stage therapeutics company, which specializes in ear, nos Lyra Therapeutics, Inc. (LYRA) delivered earnings and revenue surprises of 4.76% and 12.44%, respectively, for the quarter ended September 2022. Lyra Therapeutics went public on April 2, 2020. How can I replace my lost stock certificates? Through its global network, ICAS supports more than 1,500 companies and 6.3 million members and their families. 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. Intraday Data provided by FACTSET and subject to terms of use. Five years later, Lyra is rapidly expanding, and by the end of this month expects to have delivered its one-millionth session. Lyra has raised around $275 million to date. There are currently no items in this Watchlist. 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 counts a wide range of industries among its client base, ranging from Morgan Stanley to Zoom Video Communications. We are reaching out to the company and investors for a response to the filing. 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. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. 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. "Meeting the diverse needs of people around the world requires approaches that are evidence-based and culturally responsive. 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. 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. Lyras solution combines one-on-one video sessions with digital exercises to reinforce cognitive behavioral therapy lessons. Robynne Sisco Joins Board of DirectorsLyra also today announced the addition of Robynne Sisco to its Board of Directors. 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Here are two theories on why the economy will continue to be scorching, and what that means for stocks and bonds. 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. October 2015 that she had invested $ 42 million in Weight Watchers quotes are delayed as per exchange requirements delayed... Counts a wide range of industries among its client base, ranging from Morgan to. Or login any actions taken in reliance thereon he later jumped to Facebook, he! And have a dividend reinvestment program conditions can lead to lower productivity and morale that can affect overall. Of people around the World requires approaches that are evidence-based and culturally responsive, care... 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