You need to use technology to drive scalability without also losing the kind of personalization and the human touch, says Bremner. 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. Subscriber Agreement & Terms of Use | Full-time. Samsara BioCapital, LLC's Top 5 Buys of the 2nd Quarter. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. Lyra Health is a private company and not publicly traded. Copyright 2023 Forge Global, Inc. All rights reserved. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. How can I sign up to receive Lyra Therapeutics press releases and other company information? 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. Remote. "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.". That effectively means the startup doubled its valuation in a handful of months, suggesting rapid growth or key validation. 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. 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. from 8 AM - 9 PM ET. Lyra Health does not currently have an official ticker symbol because this company is still private. 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. It is focused on the development and commercialization of novel integrated drug and delivery solutions for patients with ear, nose and throat diseases. 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.". 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. ICAS has a long-standing reputation for the provision of culturally responsive, localized care built on a foundation of clinical quality. Lyra Health 4.2. Log in. 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. While a randomized controlled trial would be needed to truly determine clinical effectiveness, the study suggests that Lyras teletherapy model could potentially achieve faster results than the typical 12 to 16 weeks of standard treatment. 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. Thats where one of Lyras flagship products comes in: Blended Care. 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. Once an employee joins Lyra, the company creates a set of recommendations for the now-patient based on a survey. Lyra Health is a provider of comprehensive mental health care benefits for employers. Estimated $76.2K - $96.5K a year. To read this article and more news on Lyra Health, register or login. 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. 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. 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. 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. Indeed, Lyra Health started Lyra Blended Care, which pairs video therapy with online lessons and exercises rooted in cognitive behavioral therapy. Source: FactSet. Each stockholder in question must sign the request for an address change. 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. WebLyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. 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. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares. How do I report a change of mailing address? Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. 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 Robynne Sisco Joins Board of DirectorsLyra also today announced the addition of Robynne Sisco to its Board of Directors. Nearly 1 billion people worldwide suffer from a mental health disorder. Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Lyra Therapeutics, Inc. is a clinical-stage therapeutics company. /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced 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 has raised around $275 million to date. Already registered? 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. Intraday data delayed at least 15 minutes or per exchange requirements. Here are two theories on why the economy will continue to be scorching, and what that means for stocks and bonds. from 8 AM - 9 PM ET. 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. LYRA | Lyra Therapeutics Inc. Stock Price & WebLyra Health Company Stats Industry Healthcare Founded 2015 Headquarters Burlingame, California Country United States Co-Founder & CEO David Ebersman Forbes Lists #3 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. 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. 3 Wall Street analysts have issued 12-month price objectives for Lyra Therapeutics' shares. There have been a number of categories of technology that have seen a bump of usage and interest during this coronavirus pandemic, and sadly or perhaps usefully, depending on how you look at it mental health and wellness startups, aimed at helping our well-being in this trying time, have been one of them. The moment is now to offer better mental health services., Full coverage and live updates on the Coronavirus, This is a BETA experience. 2023 Forbes Media LLC. "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. On which exchange is Lyra Therapeutics listed and what is the ticker symbol? We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. 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 Their latest funding was raised on Jan 19, 2022 from a Series F round. 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. Where is Lyra Therapeutics corporate headquarters? The clinical and technological innovations from Lyra and the global expertise from ICAS are a category-defining match. 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. The company reported a drop in revenues of 7.7% in the fourth quarter 2022. Lyra Therapeutics, Inc. (NASDAQ: LYRA) was in 6 hedge funds' portfolios at the end of September. But on the flip side, both employees and employers are asking for help. 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. 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. All Rights Reserved. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. 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. 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. Lyras solution combines one-on-one video sessions with digital exercises to reinforce cognitive behavioral therapy lessons. I'm a senior writer covering healthcare technology. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. "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. 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. Cookie Notice (). Which types of acquisition does this organization make most frequently. 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. WebLyra Health, Inc. provides healthcare services. Located in San Francisco-Oakland-Fremont, CA Metropolitan Area. Lyra has raised around $275 million to date. WebMental health benefits provider Lyra Health grabbed $235 million in a series F round that boosted its valuation to $5.85 billion. Marquee events held by soccers governing body have been hit by controversies over representation and human rights. Addressing the industry misfit between needs and technology is key, and there are three areas that must improve. Source: Kantar Media. WebPublic Sector Proposal Manager. The flywheel continues. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. 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. WebView the latest Lyra Therapeutics Inc. (LYRA) stock price, news, historical charts, analyst ratings and financial information from WSJ. For more details on financing and valuation for Lyra Health, register or login. "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 Therapeutics does not offer a direct stock purchase plan. If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Lyra Therapeutics Inc. is a clinical-stage therapeutics company. By registering, you agree to Forges Terms of Use. BURLINGAME, Calif. , Jan. 19, 2022. Please check your download folder. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. 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. Lyra Therapeutics, Inc. (LYRA) delivered earnings and revenue surprises of -26.47% and 92.42%, respectively, for the quarter ended June 2022. WebLyra Therapeutics to offer 3.5 million shares in planned IPO, priced at $14 to $16 each Apr. January 28, 2021 Update: Lyra Health filed paperwork with the SEC indicating that it has raised $186.7 million in new equity financing. Since then, a spokesperson says the biotech has seen a sevenfold increase in the use of its employee assistance program. It feels different right now, he says. 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. Currently, Lyra Therapeutics does not offer a dividend or a dividend reinvestment program. Historical and current end-of-day data provided by FACTSET. 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. For the best MarketWatch.com experience, please update to a modern browser. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. On financing and valuation for Lyra Health is a private company shares, you agree to Terms! A history of partnering with management teams growing exceptional companies characterized by sustainable and! Our site and a primary source of new traffic is Lyra Therapeutics, Inc. is clinical-stage... Built on a survey dividend reinvestment program and superior economic models Therapeutics Inc. ( NASDAQ: Lyra ) price. Human rights details on financing and valuation for Lyra Therapeutics does not have! Partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models stocks! 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