Our calculations also The World Health Organization estimates that the loss in productivity due to depression and anxiety alone costs the global economy $1 trillion each year. Edit Post-Money Valuation Data by PrivCo Section. We want to be able to offer targeted and effective approaches to everyone, says Ebersman. During the pandemic, Lyra Health has brought on 80,000 new users, to a total of 1.5 million users last reported. The technology advances of CGMs and bio wearables allow diabetics to self-monitor the blood sugars that help their well-being. Here are two theories on why the economy will continue to be scorching, and what that means for stocks and bonds. 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.". Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly However, Lyras clients are actually the corporations they are the ones who pay for the Lyra service. Which funding types raised the most money? Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. Lyra Health has raised $926.79MM with the following series: Any securities offered are offered by Forge Securities LLC, a registered Broker Dealer and member FINRA / SIPC. Does Lyra Therapeutics pay dividends and have a dividend reinvestment program? Lyra Health 4.2. Do the numbers hold clues to what lies ahead for the stock? That effectively means the startup doubled its valuation in a handful of months, suggesting rapid growth or key validation. Copyright 2023 MarketWatch, Inc. All rights reserved. Here are similar public companies: HealthStream (NAS: HSTM), Doximity (NYS: DOCS), Zymergen (NAS: ZY), Sight Sciences (NAS: SGHT). When typing in this field, a list of search results will appear and be automatically updated as you type. 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 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. 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. 27, 2020 at 8:42 a.m. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. 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. Shares of Lyra Therapeutics Inc. , a biotech specializing in treatments for ear, nose and throat diseases, soared 32% in their trading debut Friday, after the company's initial public offering priced at the top end of the Lyra Therapeutics Inc. , a biotech specializing in treatments for ear, nose and throat diseases, priced its initial public offering late Thursday at $16 a share, the high end of its price range. "Lyra is dedicated to redefining access to high-quality mental healthcare for both individuals and employers on a global scale," said Sisco. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. How can I replace my lost stock certificates? 2023 Forbes Media LLC. One such customer is Genentech, which began partnering with Lyra in October 2018. "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. Past backers of the company include Adams Street Partners, Tenaya Capital, Meritech Capital Partners, IVP and Greylock. 3 Wall Street analysts have issued 12-month price objectives for Lyra Therapeutics' shares. 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. Please check your download folder. 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.". Historical and current end-of-day data provided by FACTSET. Lyra Therapeutics Inc. is based in Watertown, Mass. 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. 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. 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. January 28, 2021 Update: Lyra Health filed paperwork with the SEC indicating that it has raised $186.7 million in new equity financing. 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. Lyra's industry-leading workforce mental health solutions will now reach more than 155 countries through ICAS's proven global network. Lyra Health cofounder and CEO David Ebersman. Assertio (ASRT) Soars 5.1%: Is Further Upside Left in the Stock? 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. 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How do I contact Investor Relations with a question or request? 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. The moment is now to offer better mental health services., Full coverage and live updates on the Coronavirus, This is a BETA experience. Copyright 2019 FactSet Research Systems Inc. All rights reserved. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. 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. Their LYRA share price forecasts range from $15.00 to $20.00. 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. When did Lyra Therapeutics go public? 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. The coronavirus pandemic has underscored, and often exacerbated, the mental health crisis that exists across the world. Lyra Health does not currently have an official ticker symbol because this company is still private. While it is not clear whether the company has closed the round, filings in Delaware usually appear after part or all of the funding has been secured. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares. FC Barcelona have officially announced the signing of club legend Ronaldinho's son Joao Mendes. Lyra Health has raised a total of $910.1M in funding over 8 rounds. LYRA | Lyra Therapeutics Inc. Stock Price & The acquisition builds on the successful existing partnership between the two companies. 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. Fundamental company data and analyst estimates provided by FactSet. We have provided a few examples below that you can copy and paste to your site: Your image 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. WhatsApp acquired by Facebook). For more information about Lyra Health's innovative mental health benefits for employers, visit lyrahealth.com. We seem to be in a period of rapid growth rounds getting raised in quick succession for the most promising startups. Cookie Notice (). 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. Lyra Therapeutics market cap as of March 01, 2023 is. The firm's track record includes public and private investments across industries and geographies, with a particular focus on technology-enabled businesses. Its time to get rid of the biggest con job in healthcare. Contact:Dyani Vanderhorst[emailprotected]m (650) 240-3240, Cision Distribution 888-776-0942 The flywheel continues. Lyra Therapeutics, Inc. is a clinical-stage therapeutics company. Intraday Data provided by FACTSET and subject to terms of use. It is focused on the development and commercialization of novel integrated drug and delivery solutions for patients with ear, nose and throat diseases. 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. WebLyra Health, Inc. provides healthcare services. Kotb has not appeared live on Today since February 17. 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. 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's innovative, evidence-based approach to delivering mental health care, combined with ICAS's extensive local provider network, transforms access to quality mental health care for organizations and their employees and families," said Andrew Davies, CEO of ICAS. 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. About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Untreated mental health conditions can lead to lower productivity and morale that can affect the overall work environment. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities. BURLINGAME, Calif. , Jan. 19, 2022. No significant news for in the past two years. 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. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Depression and anxiety alone cost the global economy an estimated $1 trillion each year. Visit a quote page and your recently viewed tickers will be displayed here. 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. Source: Kantar Media. Each stockholder in question must sign the request for an address change. 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. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. Indeed, Lyra Health started Lyra Blended Care, which pairs video therapy with online lessons and exercises rooted in cognitive behavioral therapy. Does Lyra Therapeutics have a direct stock purchase plan? Currently, Lyra Therapeutics does not offer a dividend or a dividend reinvestment program. ET by Ciara Linnane Other News Press Releases Stocks That Hit 52 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. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Mr. Since then, a spokesperson says the biotech has seen a sevenfold increase in the use of its employee assistance program. Peizer is Who can I contact if I am a member of the media? 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, supports your people with: Instant access to individualized care, from self-guided programs and mental The all time high for this statistics is 8. If I have questions regarding Lyra Therapeutics that have not been answered, whom should I contact. Who are the members of Lyra Therapeutics Executive Team? Estimated $76.2K - $96.5K a year. The company's proprietary technology platform, XTreo(TM), is designed to precisely and consistently deliver medicines directly to the affected tissue. How can I get a copy of your Annual Report or any other investor materials such as an Investor Relations kit or 10-K? Who are the members of Lyra Therapeutics Board of Directors? Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Still, in a world where in-office perks are no longer available, mental health might be a key investment to help startup retention. Once an employee joins Lyra, the company creates a set of recommendations for the now-patient based on a survey. AI-Driven Medical Care? For more details on financing and valuation for Lyra Health, register or login. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Addressing a Global CrisisMental health is a global crisis. 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. ICAS has a long-standing reputation for the provision of culturally responsive, localized care built on a foundation of clinical quality. Has Lyra Therapeutics (LYRA) Outpaced Other Medical Stocks This Year? Lyra Health is a provider of comprehensive mental health care benefits for employers. Lyra Health is a private company and not publicly traded. The company reported a drop in revenues of 7.7% in the fourth quarter 2022. It feels different right now, he says. It develops novel integrated drug and delivery solutions for the localized treatment of patients with ear, nose and throat, or ENT, diseases. "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. from 8 AM - 9 PM ET. The company helps employers give their employees a suite of safe and confidential tools to support their mental health needs. When is Lyra Therapeutics fiscal year-end? Burlingame, California-based Lyra Health wants to live in offices everywhere. Tickers will be displayed here and anxiety alone cost the global economy an estimated $ 1 trillion year! 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Last reported not publicly traded perks are no longer available, mental Health benefits, serving 10 global. Have provided a few examples below that you can copy and paste to your site: your export. To live in offices everywhere assertio ( ASRT ) Soars 5.1 %: Further... Most recent settle across the world 's son Joao Mendes two companies to of! Tools, and what that means for stocks and bonds past backers the!
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