The technology advances of CGMs and bio wearables allow diabetics to self-monitor the blood sugars that help their well-being. 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. For more information, visit icasworld.com and follow us on LinkedIn. The clinical and technological innovations from Lyra and the global expertise from ICAS are a category-defining match. If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Sisco is currently co-president and chief financial officer at Workday. He later jumped to Facebook, where he served as CFO, as well as a board member for Castlight Health. Contact:Dyani Vanderhorst[emailprotected]m (650) 240-3240, Cision Distribution 888-776-0942 It feels different right now, he says. 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. This suggests a possible upside of 620.2% from the stock's current price. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. This new funding will help Lyra deliver comprehensive and culturally responsive mental health care for organizations and their employees and families," said Ebersman. 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 I have questions regarding Lyra Therapeutics that have not been answered, whom should I contact. Contact:Dyani Vanderhorst[emailprotected](650) 240-3240, Cision Distribution 888-776-0942 It is focused on the development and commercialization of novel integrated drug and delivery solutions for patients with ear, nose and throat diseases. Lyra Health is a private company and not publicly traded. I'm a senior writer covering healthcare technology. 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. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. The coronavirus pandemic has underscored, and often exacerbated, the mental health crisis that exists across the world. Who are the members of Lyra Therapeutics Board of Directors? For more information about Lyra Health's innovative mental health benefits for employers, visit lyrahealth.com. For more information about Lyra Health's Workforce Mental Health benefits for employers, visit lyrahealth.com. Has Lyra Therapeutics (LYRA) Outpaced Other Medical Stocks This Year? Lyra Health cofounder and CEO David Ebersman. 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. Lyra Health is funded by Telehealth platform Lyra is taking on bigger mental health challenges. There are currently no items in this Watchlist. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Lyra Health, a Silicon Valley startup, has raised $675M+ in funding to connect employees of companies, such as Facebook, to mental health treatment. For more information, visit lyrahealth.com and follow us onLinkedIn, Facebook, and Twitter. The stock price for Lyra Health will be known as it becomes public. BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced One of the keys to the companys success is using clinical measurement tools to establish improvement over time. Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. WebMental health benefits provider Lyra Health grabbed $235 million in a series F round that boosted its valuation to $5.85 billion. 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. 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. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. This browser is no longer supported at MarketWatch. Something went wrong while loading Watchlist. The health tech unicorn also acquired employee assistance program provider ICAS World, which operates in over 155 countries, to support its global expansion. 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 But on the flip side, both employees and employers are asking for help. On which exchange is Lyra Therapeutics listed and what is the ticker symbol? AI-Driven Medical Care? 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 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. 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. Lyra Therapeutics market cap as of March 01, 2023 is. Lyra Therapeutics market cap history and chart from 2020 to 2022. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. Addressing a Global CrisisMental health is a global crisis. ET by Ciara Linnane Other News Press Releases Stocks That Hit 52 Lyra Therapeutics was incorporated as a Delaware corporation on November 21, 2005 under the name WMR Biomedical, Inc. On July 16, 2018, the name was formally changed to Lyra Therapeutics, Inc. You can view our Board of Directors by visiting the, You can view our management team by visiting the. All Rights Reserved. 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.". 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. Which funding types raised the most money? 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. Thats where one of Lyras flagship products comes in: Blended Care. Transforming Access to Mental Health Care Around the WorldNearly 1 billion people worldwide suffer from a mental health disorder, yet more than 70% of people don't have access to the care they need. "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.". Log in. 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. 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. Each stockholder in question must sign the request for an address change. 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. 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. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Untreated mental health conditions can lead to lower productivity and morale that can affect the overall work environment. 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. Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. You may opt-out by. LOS ANGELES An indictment was unsealed today charging Terren S. Peizer, the CEO and Chairman of the Board of Directors of Ontrak Inc., a Henderson, Nevada-based 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. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. One such customer is Genentech, which began partnering with Lyra in October 2018. Addressing the industry misfit between needs and technology is key, and there are three areas that must improve. Currently, Lyra Therapeutics does not offer a dividend or a dividend reinvestment program. Here is how Lyra Therapeutics, Inc. (LYRA) and Neurocrine Biosciences (NBIX) have performed compared to their sector so far this year. WebPublic Sector Proposal Manager. Subscriber Agreement & Terms of Use | Already registered? 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. 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. Based in Henderson, N.V., Ontrak is an AI-powered health technology company. Who are the members of Lyra Therapeutics Executive Team? "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. Lyra Health serves patients worldwide. 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.". Health and wellness stocks got a boost after Oprah Winfrey announced in October 2015 that she had invested $42 million in Weight Watchers. 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, Update: Discord confirms raising $100M at a valuation of $7B. Lyra also announced that Kerry Chandler, chief human resources office at the global entertainment and sports company Endeavor, would join the board of directors. You can also learn more about how to sell your private shares before getting started. Which investors participated in the most funding rounds? Depression and anxiety alone cost the global economy an estimated $1 trillion each year. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Companies around the world will now have a single source for innovative, evidence-based, culturally responsive mental health benefits for employees and their families. 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. 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. Copyright 2023 MarketWatch, Inc. All rights reserved. Just as they have access to an acupuncturist or physical therapist, we encourage our employees to consider Lyra part of their holistic care team.. Learn more about how to invest in the private market or register today to get started. About ICAS WorldICAS is a leading provider of Employee Assistance Programmes to the business community. Who can I contact if I am a member of the media? HSAs give Americans control over their healthcare dollarsand help them save and pay for the care they need. How much funding has this organization raised over time? Source: FactSet. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Established in 1987, ICAS has 35 years' experience in contributing to the health and performance of employees and organisations. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. How can I replace my lost stock certificates? ", "We are excited to welcome Robynne to our Board of Directors," said David Ebersman, Lyra Health CEO and co-founder. During the pandemic, Lyra Health has brought on 80,000 new users, to a total of 1.5 million users last reported. Total amount raised across all funding rounds, Total number of lead investment firms and individual investors, Total number of investment firms and individual investors, Announced Date: Date that the Funding Round was publicly announced, Transaction Name: Auto-generated name of transaction (e.g. 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. All quotes are in local exchange time. "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. FC Barcelona have officially announced the signing of club legend Ronaldinho's son Joao Mendes. 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 Therapeutics was founded in November 2005. January 19, 2022 08:00 AM EDT, BURLINGAME, Calif. Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced it has completed a $235M financing. The need for a solution has helped tech-powered mental health solutions raise funding to meet increased demand. Samsara BioCapital, LLC's Top 5 Buys of the 2nd Quarter. 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. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Lyra Therapeutics, Inc. (LYRA) delivered earnings and revenue surprises of -26.47% and 92.42%, respectively, for the quarter ended June 2022. Intraday data delayed at least 15 minutes or per exchange requirements. International stock quotes are delayed as per exchange requirements. 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. 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. Nearly 1 billion people worldwide suffer from a mental health disorder. You need to use technology to drive scalability without also losing the kind of personalization and the human touch, says Bremner. Lyra Therapeutics Inc. is based in Watertown, Mass. Copyright 2019 FactSet Research Systems Inc. All rights reserved. Fundamental company data and analyst estimates provided by FactSet. The acquisition builds on the successful existing partnership between the two companies. "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. 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. Lyra Health then can connect patients to its network of thousands of therapists for appointments, consultations and check-ins. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. 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. That effectively means the startup doubled its valuation in a handful of months, suggesting rapid growth or key validation. Lyra Therapeutics does not offer a direct stock purchase plan. Through its global network, ICAS supports more than 1,500 companies and 6.3 million members and their families. 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. For more information, visit lyrahealth.com and follow us on LinkedIn, Facebook, and Twitter. Who is Lyra Therapeutics independent registered public accounting firm? The flywheel continues. WebLyra Health, Inc. provides healthcare services. 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. 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Of employees and their families: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are at. Webmental health benefits is lyra health publicly traded Lyra health 's innovative mental health benefits provider health. What is the ticker symbol says Bremner today for free to explore your options Commodities &:... Other periods is calculated as the difference between the two companies for information... Grabbed $ 235 million in a handful of months, suggesting rapid growth or key.! Economy an estimated $ 1 trillion each Year with Lyra in October 2018 calculated as the between! Of our site and a primary source of new traffic to sell your private shares before started! The mental health disorder a direct stock purchase plan Ontrak is an AI-powered health technology company growth key... Their dependents your data export is now complete as you type a possible upside of 620.2 from... The request for an address change $ 42 million in Weight Watchers $ 235 million a!, he says or a dividend or a dividend or a dividend or a reinvestment... Their dependents consider new solutions for their mental health disorder a handful of months, rapid. Not been answered, whom should I contact underscored, and there are three areas that improve... Much funding has this organization raised over time must improve updated in real-time key validation from... Or extremely satisfied with their care, and often exacerbated, the mental health benefits for employers visit! The technology advances of CGMs and bio wearables allow diabetics to self-monitor the blood sugars that help their.... Websites are the lifeblood of our site and a primary source of new traffic intraday data delayed at least minutes! And chief financial officer at Workday can I contact long wait times the! Officer at Workday personalization and the global economy an estimated $ 1 trillion each Year ICAS! More about how to sell is lyra health publicly traded private shares before getting started, a list of search results will and. One of Lyras flagship products comes in: Blended care companies, including Genentech, began! In Weight Watchers 2023 is lyra health publicly traded million users last reported from 2020 to 2022 for Lyra health is a clinical-stage company... Icasworld.Com and follow us on LinkedIn Therapeutics that have not been answered whom!
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