Something went wrong while loading Watchlist. Thats where one of Lyras flagship products comes in: Blended Care. 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. Here are two theories on why the economy will continue to be scorching, and what that means for stocks and bonds. 27, 2020 at 8:42 a.m. 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. Indeed, Lyra Health started Lyra Blended Care, which pairs video therapy with online lessons and exercises rooted in cognitive behavioral therapy. Lyra Health does not currently have an official ticker symbol because this company is still private. "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. Companies around the world will now have a single source for innovative, evidence-based, culturally responsive mental health benefits for employees and their families. The paperwork was uncovered by Prime Unicorn Index. Edit Post-Money Valuation Data by PrivCo Section. 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. Copyright 2023 Forge Global, Inc. All rights reserved. Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. This suggests a possible upside of 620.2% from the stock's current price. Lyra's industry-leading workforce mental health solutions will now reach more than 155 countries through ICAS's proven global network. Just last week, the meditation app Calm raised $75 million at a $2 billion valuation. Which types of acquisition does this organization make most frequently. WebLyra Therapeutics market cap history and chart from 2020 to 2022. Lyra is an alumnus of this years Forbes Next Billion-Dollar Startups list and is the third company from the 2020 list to "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.". 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. 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. 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. Lyra Health has raised a total of $910.1M in funding over 8 rounds. 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. The company's proprietary technology platform, XTreo(TM), is designed to precisely and consistently deliver medicines directly to the affected tissue. 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. Where is Lyra Therapeutics corporate headquarters? 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. 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. Full-time. Past backers of the company include Adams Street Partners, Tenaya Capital, Meritech Capital Partners, IVP and Greylock. BURLINGAME, Calif. , Jan. 19, 2022. "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 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. 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. 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. "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. 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.". /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. The $110 million Series D raise comes on the heels of a $75 million Series C closed in March. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares. Kocher and Roberts continue to serve on the board, while Bravata left the company. 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 all time high for this statistics is 8. Contact:Dyani Vanderhorst[emailprotected]m (650) 240-3240, Cision Distribution 888-776-0942 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. Who is Lyra Therapeutics independent registered public accounting firm? Through its global network, ICAS supports more than 1,500 companies and 6.3 million members and their families. 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 dedicated to redefining access to high-quality mental healthcare for both individuals and employers on a global scale," said Sisco. Source: FactSet. 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. The acquisition builds on the successful existing partnership between the two companies. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. 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. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Once an employee joins Lyra, the company creates a set of recommendations for the now-patient based on a survey. That effectively means the startup doubled its valuation in a handful of months, suggesting rapid growth or key validation. Their LYRA share price forecasts range from $15.00 to $20.00. The clinical and technological innovations from Lyra and the global expertise from ICAS are a category-defining match. How do I report a change of mailing address? 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. The stock price for Lyra Health will be known as it becomes public. ", "We are excited to welcome Robynne to our Board of Directors," said David Ebersman, Lyra Health CEO and co-founder. 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. Greater use of primary care services has long been associated with better health, better care, and lower costs. For the best MarketWatch.com experience, please update to a modern browser. On average, they predict the company's stock price to reach $17.50 in the next twelve months. 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. Lyra Therapeutics was founded in November 2005. The company reported a drop in revenues of 7.7% in the fourth quarter 2022. Is Lyra Health a public company? But on the flip side, both employees and employers are asking for help. WebLyra Health Company Stats Industry Healthcare Founded 2015 Headquarters Burlingame, California Country United States Co-Founder & CEO David Ebersman Forbes Lists #3 You need to use technology to drive scalability without also losing the kind of personalization and the human touch, says Bremner. However, Lyras clients are actually the corporations they are the ones who pay for the Lyra service. 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. Lyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. 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.". FC Barcelona have officially announced the signing of club legend Ronaldinho's son Joao Mendes. 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. How can I sign up to receive Lyra Therapeutics press releases and other company information? WebView the latest Lyra Therapeutics Inc. (LYRA) stock price, news, historical charts, analyst ratings and financial information from WSJ. 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. The Company transforms behavioral health care through technology with a human touch. 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. Privacy Notice | Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Lyra Health cofounder and CEO David Ebersman. 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. Has Lyra Therapeutics (LYRA) Outpaced Other Medical Stocks This Year? Health and wellness stocks got a boost after Oprah Winfrey announced in October 2015 that she had invested $42 million in Weight Watchers. How do I contact Investor Relations with a question or request? Lyra Therapeutics went public on April 2, 2020. 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 Lyra Therapeutics Market Cap 2020-2022 | LYRA. The company counts a wide range of industries among its client base, ranging from Morgan Stanley to Zoom Video Communications. 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 read this article and more news on Lyra Health, register or login. About ICAS WorldICAS is a leading provider of Employee Assistance Programmes to the business community. 2023 Forbes Media LLC. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. Here are similar public companies: HealthStream (NAS: HSTM), Doximity (NYS: DOCS), Zymergen (NAS: ZY), Sight Sciences (NAS: SGHT). Subscriber Agreement & Terms of Use | Each stockholder in question must sign the request for an address change. 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. 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. Please check your download folder. This browser is no longer supported at MarketWatch. For more information, visit icasworld.com and follow us on LinkedIn. 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. 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. Update: Discord confirms raising $100M at a valuation of $7B. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. If I have questions regarding Lyra Therapeutics that have not been answered, whom should I contact. Lyra is transforming mental health care using intelligent matching technology, concierge support, and an innovative digital platform to deliver a frictionless experience for members, providers, and employers. When typing in this field, a list of search results will appear and be automatically updated as you type. Lyra Therapeutics went public on April 2, 2020. Contact:Dyani Vanderhorst[emailprotected](650) 240-3240, Cision Distribution 888-776-0942 Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. 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. 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. He later jumped to Facebook, where he served as CFO, as well as a board member for Castlight Health. WebLyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. Shares of Lyra Therapeutics Inc. , a biotech specializing in treatments for ear, nose and throat diseases, soared 32% in their trading debut Friday, after the company's initial public offering priced at the top end of the Lyra Therapeutics Inc. , a biotech specializing in treatments for ear, nose and throat diseases, priced its initial public offering late Thursday at $16 a share, the high end of its price range. Animal Hospitals transforms behavioral Health care has been proven to help members improve or recover and! And more news on Lyra Health has raised a total of $ in! For help are not intended for trading purposes not closed yet answered, should... 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