Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. Is Lyra Health a public company? We seem to be in a period of rapid growth rounds getting raised in quick succession for the most promising startups. Since then, a spokesperson says the biotech has seen a sevenfold increase in the use of its employee assistance program. 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. You can also learn more about how to sell your private shares before getting started. 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. 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. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly Please check your download folder. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Its initial product candidates consist LYR-210 and LYR-220 which are in clinical stage. The coronavirus pandemic has underscored, and often exacerbated, the mental health crisis that exists across the world. 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. Lyra Therapeutics went public on April 2, 2020. When is Lyra Therapeutics fiscal year-end? Lyra has raised around $275 million to date. About Dragoneer Investment GroupDragoneer is a growth-oriented investment firm with over $25 billion in long-duration capital. Lyras solution combines one-on-one video sessions with digital exercises to reinforce cognitive behavioral therapy lessons. Depression and anxiety alone cost the global economy an estimated $1 trillion each year. Learn more about how to invest in the private market or register today to get started. 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. ET by Ciara Linnane Other News Press Releases Stocks That Hit 52 About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Where was Lyra Therapeutics incorporated? For more information, visit lyrahealth.com and follow us onLinkedIn, Facebook, and Twitter. Robynne Sisco Joins Board of DirectorsLyra also today announced the addition of Robynne Sisco to its Board of Directors. WebLyra Therapeutics to offer 3.5 million shares in planned IPO, priced at $14 to $16 each Apr. 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WebPublic Sector Proposal Manager. Lyra Therapeutics Inc. is a clinical-stage therapeutics company. Their latest funding was raised on Jan 19, 2022 from a Series F round. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. The firm's track record includes public and private investments across industries and geographies, with a particular focus on technology-enabled businesses. For the best MarketWatch.com experience, please update to a modern browser. 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. Lyra Therapeutics market cap history and chart from 2020 to 2022. We intentionally named our program Lyra Mental Wellness to help reduce the stigma around seeking mental health care, the company said in a statement. Lyra also announced that Kerry Chandler, chief human resources office at the global entertainment and sports company Endeavor, would join the board of directors. This browser is no longer supported at MarketWatch. 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. 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. For more information, visit icasworld.com and follow us on LinkedIn. By registering, you agree to Forges Terms of Use. Peizer is The moment is now to offer better mental health services., Full coverage and live updates on the Coronavirus, This is a BETA experience. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. I'm a senior writer covering healthcare technology. 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. Lyra Health is a provider of comprehensive mental health care benefits for employers. 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. Kotb has not appeared live on Today since February 17. 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. However, Lyras clients are actually the corporations they are the ones who pay for the Lyra service. 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. Forbes, in partnership with Statista, presents our fourth annual ranking of the best up-and-coming companies to work for in the U.S. Use Forbes logos and quotes in your marketing. With this acquisition, Lyra and ICAS are setting a new standard for global mental health care. 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. 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. One of the keys to the companys success is using clinical measurement tools to establish improvement over time. The firms proprietary XTreo deliver medicines. The acquisition builds on the successful existing partnership between the two companies. One investor noted that the round has not closed yet. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities. 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. "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. During the pandemic, Lyra Health has brought on 80,000 new users, to a total of 1.5 million users last reported. 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 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, Inc. (NASDAQ: LYRA) was in 6 hedge funds' portfolios at the end of September. We are reaching out to the company and investors for a response to the filing. Log in to see them here or sign up to get started. Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. 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. 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. 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. Where is Lyra Therapeutics corporate headquarters? The company was founded by Carmichael S. Roberts, George M. Whitesides, and Robert S. Langer in November 2005 and is headquartered in Watertown, MA. 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. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. This is a tricky space to play in, considering that mental health can still feel taboo in workplaces and employees might feel uncomfortable turning to their employers for support. This new funding will help Lyra deliver comprehensive and culturally responsive mental health care for organizations and their employees and families," said Ebersman. Lyra delivers clinically proven mental health care for employees and family members across all facets of mental health, from wellness and preventive care to the most severe conditions. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-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. "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. 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 Who are the members of Lyra Therapeutics Board of Directors? Already registered? But on the flip side, both employees and employers are asking for help. Assertio (ASRT) Soars 5.1%: Is Further Upside Left in the Stock? Copyright 2023 MarketWatch, Inc. All rights reserved. Our calculations also Burlington Stores stock rises on positive Q1 earnings outlook, Best Buy Q4 sees FY2024 adj. "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. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Do the numbers hold clues to what lies ahead for the stock? 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 27, 2020 at 8:42 a.m. Lyra Therapeutics Market Cap 2020-2022 | LYRA. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. 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