The $110 million Series D raise comes on the heels of a $75 million Series C closed in March. 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. Historical and current end-of-day data provided by FACTSET. Update: Discord confirms raising $100M at a valuation of $7B. Robynne Sisco Joins Board of DirectorsLyra also today announced the addition of Robynne Sisco to its Board of Directors. The flywheel continues. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. Located in San Francisco-Oakland-Fremont, CA Metropolitan Area. Where was Lyra Therapeutics incorporated? Here are two theories on why the economy will continue to be scorching, and what that means for stocks and bonds. 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. With this acquisition, Lyra and ICAS are setting a new standard for global mental health care. 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. ET by Ciara Linnane Other News Press Releases Stocks That Hit 52 Log in to see them here or sign up to get started. 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. We intentionally named our program Lyra Mental Wellness to help reduce the stigma around seeking mental health care, the company said in a statement. Based in Henderson, N.V., Ontrak is an AI-powered health technology company. from 8 AM - 9 PM ET. 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 4 million global employees and their dependents. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly Estimated $76.2K - $96.5K a year. 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. Is Lyra Health a public company? Lyra Therapeutics does not offer a direct stock purchase plan. The company reported a drop in revenues of 7.7% in the fourth quarter 2022. Will Retail Health Really Disrupt Healthcare? Lyra Therapeutics, Inc. (NASDAQ: LYRA) was in 6 hedge funds' portfolios at the end of September. Kotb has not appeared live on Today since February 17. Still, in a world where in-office perks are no longer available, mental health might be a key investment to help startup retention. Its time to get rid of the biggest con job in healthcare. All rights reserved. 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. Telehealth platform Lyra is taking on bigger mental health challenges. When did Lyra Therapeutics go public? Change value during other periods is calculated as the difference between the last trade and the most recent settle. Through its global network, ICAS supports more than 1,500 companies and 6.3 million members and their families. 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. WebLyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. The Company transforms behavioral health care through technology with a human touch. Lyra's industry-leading workforce mental health solutions will now reach more than 155 countries through ICAS's proven global network. Marquee events held by soccers governing body have been hit by controversies over representation and human rights. Privacy Notice | ", "We are excited to welcome Robynne to our Board of Directors," said David Ebersman, Lyra Health CEO and co-founder. Here are similar public companies: HealthStream (NAS: HSTM), Doximity (NYS: DOCS), Zymergen (NAS: ZY), Sight Sciences (NAS: SGHT). Just as they have access to an acupuncturist or physical therapist, we encourage our employees to consider Lyra part of their holistic care team.. Subscriber Agreement & Terms of Use | This suggests a possible upside of 620.2% from the stock's current price. One such customer is Genentech, which began partnering with Lyra in October 2018. Something went wrong while loading Watchlist. 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. 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. WebLyra Therapeutics market cap history and chart from 2020 to 2022. 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. WebMental health benefits provider Lyra Health grabbed $235 million in a series F round that boosted its valuation to $5.85 billion. Cookie Notice (). 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. Lyell Immunopharma (LYEL) Reports Q4 Loss, Tops Revenue Estimates, Theravance Biopharma (TBPH) Reports Q4 Loss, Lags Revenue Estimates, PTC Therapeutics (PTCT) Reports Q4 Loss, Misses Revenue Estimates, Sage Therapeutics, Inc. (SAGE) Reports Q4 Loss, Tops Revenue Estimates, Analysts Offer Insights on Healthcare Companies: Cigna (CI), Idexx Laboratories (IDXX) and Lyra Therapeutics (LYRA), Stocks That Hit 52-Week Lows On Wednesday, Lyra Therapeutics, Inc. (LYRA) Reports Q3 Loss, Misses Revenue Estimates, Important Biotech Catalysts For September 13, 2022 - End Of The Day Summary, Lyra's Mid-Stage Chronic Rhinosinusitis Candidate Study Progressed, Shares Fall, Important Biotech Catalysts For September 8, 2022 - End Of The Day Summary, Lyra Therapeutics's Return On Capital Employed Overview, Lyra Therapeutics, Inc. (LYRA) Reports Q2 Loss, Lags Revenue Estimates. 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. Samsara BioCapital, LLC's Top 5 Buys of the 2nd Quarter. 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.". The clinical and technological innovations from Lyra and the global expertise from ICAS are a category-defining match. 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. Mr. Lyra Health serves patients worldwide. Which investors participated in the most funding rounds? How much funding has this organization raised over time? "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 has raised around $275 million to date. The health tech unicorn also acquired employee assistance program provider ICAS World, which operates in over 155 countries, to support its global expansion. 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. "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.". 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. Visit a quote page and your recently viewed tickers will be displayed here. "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. You need to use technology to drive scalability without also losing the kind of personalization and the human touch, says Bremner. 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. Intraday data delayed at least 15 minutes or per exchange requirements. 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. Lyra Health cofounder and CEO David Ebersman. "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.". Addressing a Global CrisisMental health is a global crisis. Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Has Lyra Therapeutics (LYRA) Outpaced Other Medical Stocks This Year? Full-time. WebLyra Therapeutics to offer 3.5 million shares in planned IPO, priced at $14 to $16 each Apr. 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. 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. He later jumped to Facebook, where he served as CFO, as well as a board member for Castlight Health. HSAs give Americans control over their healthcare dollarsand help them save and pay for the care they need. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. This new funding will help Lyra deliver comprehensive and culturally responsive mental health care for organizations and their employees and families," said Ebersman. How can I get a copy of your Annual Report or any other investor materials such as an Investor Relations kit or 10-K? Indeed, Lyra Health started Lyra Blended Care, which pairs video therapy with online lessons and exercises rooted in cognitive behavioral therapy. 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. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. 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 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 "Meeting the diverse needs of people around the world requires approaches that are evidence-based and culturally responsive. About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. The acquisition builds on the successful existing partnership between the two companies. 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. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright 2019 Refinitiv. Lyra Health does not currently have an official ticker symbol because this company is still private. 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. 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. Data may be intentionally delayed pursuant to supplier requirements. Copyright 2019 FactSet Research Systems Inc. All rights reserved. Mental health startups typically focus on treating anxiety and depression. 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. People feel less anxious, more connected, and what that means for and. During Other periods is calculated as the difference between the two companies your Annual or. 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