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. Samsara BioCapital, LLC's Top 5 Buys of the 2nd Quarter. During the pandemic, Lyra Health has brought on 80,000 new users, to a total of 1.5 million users last reported. The health tech unicorn also acquired employee assistance program provider ICAS World, which operates in over 155 countries, to support its global expansion. LYRA | Lyra Therapeutics Inc. Stock Price & Intraday Data provided by FACTSET and subject to terms of use. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. Lyra Health has raised a total of $910.1M in funding over 8 rounds. Create a list of the investments you want to track. 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. Is Lyra Health a public company? 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. Where is Lyra Therapeutics corporate headquarters? 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. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Log in. 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. 3 Wall Street analysts have issued 12-month price objectives for Lyra Therapeutics' shares. Indeed, Lyra Health started Lyra Blended Care, which pairs video therapy with online lessons and exercises rooted in cognitive behavioral therapy. Their latest funding was raised on Jan 19, 2022 from a Series F round. Access to Global Mental Health CareLyra and ICAS have a proven partnership supporting large global organizations. "The reality is that we have a disaggregated, fragmented system with a lack of organization around common, transparent, high-quality information.". He later jumped to Facebook, where he served as CFO, as well as a board member for Castlight Health. Lyra Health cofounder and CEO David Ebersman. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. For more information about Lyra Health's innovative mental health benefits for employers, visit lyrahealth.com. On average, they predict the company's stock price to reach $17.50 in the next twelve months. Which investors participated in the most funding rounds? For more details on financing and valuation for Lyra Health, register or login. Lyra also announced that Kerry Chandler, chief human resources office at the global entertainment and sports company Endeavor, would join the board of directors. With this acquisition, Lyra and ICAS are setting a new standard for global mental health care. The stock price for Lyra Health will be known as it becomes public. Remote. Lyra Health 4.2. WebMental health benefits provider Lyra Health grabbed $235 million in a series F round that boosted its valuation to $5.85 billion. Lyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced 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. International stock quotes are delayed as per exchange requirements. Angel - Uber), Number of Investors: Total number of Investors in a Funding Round, Money Raised: Amount of money raised in Funding Round, Lead Investors: Name of the investor who led the investment in the funding round, Investor Name: Name of the investor who participated in the Investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Partners: Name of the individual who led a funding round for his/her firm, Acquiree Name: Name of the acquired organization, Announced Date: Date the acquisition was announced, Transaction Name: Auto-generated name of transaction (e.g. Aside from the disclosure on some surveys, Lyra has laid out its data practices in a privacy policy, a more than 5,000-word document that lives at the bottom of its website. The company says the data sharing complies with the Health Insurance Portability and Accountability Act of 1996 (HIPAA), which regulates the use of health information. Lyra Therapeutics, Inc. (LYRA) delivered earnings and revenue surprises of -26.47% and 92.42%, respectively, for the quarter ended June 2022. Edit Post-Money Valuation Data by PrivCo Section. No significant news for in the past two years. 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. One of the keys to the companys success is using clinical measurement tools to establish improvement over time. I'm a senior writer covering healthcare technology. Lyra's industry-leading workforce mental health solutions will now reach more than 155 countries through ICAS's proven global network. But on the flip side, both employees and employers are asking for help. Already registered? 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 need for a solution has helped tech-powered mental health solutions raise funding to meet increased demand. Historical and current end-of-day data provided by FACTSET. Still, in a world where in-office perks are no longer available, mental health might be a key investment to help startup retention. On which exchange is Lyra Therapeutics listed and what is the ticker symbol? 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. Telehealth platform Lyra is taking on bigger mental health challenges. 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. Please check your download folder. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Currently, Lyra Therapeutics does not offer a dividend or a dividend reinvestment program. WebLyra Therapeutics market cap history and chart from 2020 to 2022. 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, "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. LYRA is not currently paying a regular dividend. WhatsApp acquired by Facebook). Lyra Health, a Silicon Valley startup, has raised $675M+ in funding to connect employees of companies, such as Facebook, to mental health treatment. 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. Source: FactSet. WebLyra Health Company Stats Industry Healthcare Founded 2015 Headquarters Burlingame, California Country United States Co-Founder & CEO David Ebersman Forbes Lists #3 Past backers of the company include Adams Street Partners, Tenaya Capital, Meritech Capital Partners, IVP and Greylock. Who can I contact if I am a member of the media? It feels different right now, he says. 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. Do the numbers hold clues to what lies ahead for the stock? Lyra Therapeutics Inc. is based in Watertown, Mass. 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. 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. For the best MarketWatch.com experience, please update to a modern browser. 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. "Meeting the diverse needs of people around the world requires approaches that are evidence-based and culturally responsive. Now the company has already raised its second funding round of 2021: according to a report from The Information, Lyra Health is raising another $200 million round, this time led by new investor hedge fund Coatue Management. How can I get a copy of your Annual Report or any other investor materials such as an Investor Relations kit or 10-K? We want to be able to offer targeted and effective approaches to everyone, says Ebersman. Lyra Therapeutics market cap history and chart from 2020 to 2022. 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. 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. 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 the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Where was Lyra Therapeutics incorporated? The company was founded by Carmichael S. Roberts, George M. Whitesides, and Robert S. Langer in November 2005 and is headquartered in Watertown, MA. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly traded company and is calculated by multiplying the current stock price by the number of shares outstanding. ", "We are excited to welcome Robynne to our Board of Directors," said David Ebersman, Lyra Health CEO and co-founder. 12 Health Care Stocks Moving In Monday's After-Market Session, Lyra Therapeutics's Return On Capital Employed Insights. This new funding will help Lyra deliver comprehensive and culturally responsive mental health care for organizations and their employees and families," said Ebersman. 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. Its initial product candidates consist LYR-210 and LYR-220 which are in clinical stage. Sisco is currently co-president and chief financial officer at Workday. 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 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. 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. Of disability worldwide in clinical stage, register or login bigger mental Health might be a key investment to startup. A list of the investments you want to track, both employees and their dependents you want to.! 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