Who are the members of Lyra Therapeutics Executive Team? "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. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities. "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. Intraday data delayed at least 15 minutes or per exchange requirements. Lyra Health is a private company and not publicly traded. Through this acquisition, Lyra will now offer a single source for comprehensive, localized mental health care to more than 10 million members around the world. Located in San Francisco-Oakland-Fremont, CA Metropolitan Area. HSAs give Americans control over their healthcare dollarsand help them save and pay for the care they need. That effectively means the startup doubled its valuation in a handful of months, suggesting rapid growth or key validation. Who is Lyra Therapeutics transfer agent and how do I contact them? Telehealth platform Lyra is taking on bigger mental health challenges. Lyra Health is funded by "The reality is that we have a disaggregated, fragmented system with a lack of organization around common, transparent, high-quality information.". Here are two theories on why the economy will continue to be scorching, and what that means for stocks and bonds. 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. On which exchange is Lyra Therapeutics listed and what is the ticker symbol? 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. Just as they have access to an acupuncturist or physical therapist, we encourage our employees to consider Lyra part of their holistic care team.. This means international expansion and investment in more clinical services, as well as expanding the companys market segment beyond large employers and aiming at government and commercial health plans. Its time to get rid of the biggest con job in healthcare. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. "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. If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. For more information about Lyra Health's innovative mental health benefits for employers, visit lyrahealth.com. The company counts a wide range of industries among its client base, ranging from Morgan Stanley to Zoom Video Communications. 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. Where is Lyra Therapeutics corporate headquarters? The need for a solution has helped tech-powered mental health solutions raise funding to meet increased demand. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. 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. 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. 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. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly Currently, Lyra Therapeutics does not offer a dividend or a dividend reinvestment program. 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. You can also learn more about how to sell your private shares before getting started. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. 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. 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. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. January 28, 2021 Update: Lyra Health filed paperwork with the SEC indicating that it has raised $186.7 million in new equity financing. ICAS has a long-standing reputation for the provision of culturally responsive, localized care built on a foundation of clinical quality. When typing in this field, a list of search results will appear and be automatically updated as you type. Kotb has not appeared live on Today since February 17. The company's proprietary technology platform, XTreo(TM), is designed to precisely and consistently deliver medicines directly to the affected tissue. Addressing the industry misfit between needs and technology is key, and there are three areas that must improve. About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 4 million global employees and their dependents. Lyra Health 4.2. Do the numbers hold clues to what lies ahead for the stock? Lyra Therapeutics Inc. is based in Watertown, Mass. Lyra Health serves patients worldwide. 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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. 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. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. 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. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Have Watchlists? Historical and current end-of-day data provided by FACTSET. 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. The Company transforms behavioral health care through technology with a human touch. The acquisition builds on the successful existing partnership between the two companies. He later jumped to Facebook, where he served as CFO, as well as a board member for Castlight Health. Has Lyra Therapeutics (LYRA) Outpaced Other Medical Stocks This Year? Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. WebMental health benefits provider Lyra Health grabbed $235 million in a series F round that boosted its valuation to $5.85 billion. 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. Lyra Health does not currently have an official ticker symbol because this company is still private. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. ET by Ciara Linnane Other News Press Releases Stocks That Hit 52 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. 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 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. Depression and anxiety alone cost the global economy an estimated $1 trillion each year. Is Lyra Health a public company? WebPublic Sector Proposal Manager. Does Lyra Therapeutics have a direct stock purchase plan? 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. Mr. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Robynne Sisco Joins Board of DirectorsLyra also today announced the addition of Robynne Sisco to its Board of Directors. 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. Access to Global Mental Health CareLyra and ICAS have a proven partnership supporting large global organizations. About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. 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. 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. One such customer is Genentech, which began partnering with Lyra in October 2018. Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Lyra Therapeutics market cap history and chart from 2020 to 2022. 2023 Forbes Media LLC. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. 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. 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. 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. Copyright 2023 MarketWatch, Inc. All rights reserved. No significant news for in the past two years. For more information about Lyra Health's Workforce Mental Health benefits for employers, visit lyrahealth.com. 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. There are currently no items in this Watchlist. For more information, visit lyrahealth.com and follow us on LinkedIn, Facebook, and Twitter. 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. Lyra Health is a provider of comprehensive mental health care benefits for employers. For more information, visit lyrahealth.com and follow us onLinkedIn, Facebook, and Twitter. Who are the members of Lyra Therapeutics Board of Directors? AI-Driven Medical Care? Companies around the world will now have a single source for innovative, evidence-based, culturally responsive mental health benefits for employees and their families. All rights reserved. Please check your download folder. BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced The coronavirus pandemic has underscored, and often exacerbated, the mental health crisis that exists across the world. Health and wellness stocks got a boost after Oprah Winfrey announced in October 2015 that she had invested $42 million in Weight Watchers. Lyra Therapeutics went public on April 2, 2020. Log in. How can I get a copy of your Annual Report or any other investor materials such as an Investor Relations kit or 10-K? With this acquisition, Lyra and ICAS are setting a new standard for global mental health care. Copyright 2019 FactSet Research Systems Inc. All rights reserved. supports your people with: Instant access to individualized care, from self-guided programs and mental Past backers of the company include Adams Street Partners, Tenaya Capital, Meritech Capital Partners, IVP and Greylock. 12 Health Care Stocks Moving In Monday's After-Market Session, Lyra Therapeutics's Return On Capital Employed Insights. How do I contact Investor Relations with a question or request? Just last week, the meditation app Calm raised $75 million at a $2 billion valuation. Burlingame, California-based Lyra Health wants to live in offices everywhere. International stock quotes are delayed as per exchange requirements. Their LYRA share price forecasts range from $15.00 to $20.00. 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. "Lyra is dedicated to redefining access to high-quality mental healthcare for both individuals and employers on a global scale," said Sisco. 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 Lyra Therapeutics Inc. is a clinical-stage therapeutics company. About ICAS WorldICAS is a leading provider of Employee Assistance Programmes to the business community. 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. Visit a quote page and your recently viewed tickers will be displayed here. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares. One of the keys to the companys success is using clinical measurement tools to establish improvement over time. Sisco is currently co-president and chief financial officer at Workday. 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. The $110 million Series D raise comes on the heels of a $75 million Series C closed in March. Does Lyra Therapeutics pay dividends and have a dividend reinvestment program? 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. Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. We intentionally named our program Lyra Mental Wellness to help reduce the stigma around seeking mental health care, the company said in a statement. Our calculations also BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ --Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced it has completed a $235M financing. Benefits, serving 10 million global employees and their dependents 1 trillion each Year of! 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