It is focused on the development and commercialization of novel integrated drug and delivery solutions for patients with ear, nose and throat diseases. LYRA | Lyra Therapeutics Inc. Stock Price & Who can I contact if I am a member of the media? 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. You may opt-out by. Lyra Therapeutics Inc. is based in Watertown, Mass. Lyra's industry-leading workforce mental health solutions will now reach more than 155 countries through ICAS's proven global network. 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. Something went wrong while loading Watchlist. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. 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. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares. Lyra has raised around $275 million to date. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. ET by Ciara Linnane Other News Press Releases Stocks That Hit 52 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. Contact:Dyani Vanderhorst[emailprotected](650) 240-3240, Cision Distribution 888-776-0942 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. Remote. Lyra Health then can connect patients to its network of thousands of therapists for appointments, consultations and check-ins. He later jumped to Facebook, where he served as CFO, as well as a board member for Castlight Health. 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. Our calculations also Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. 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. 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. The company reported a drop in revenues of 7.7% in the fourth quarter 2022. Which funding types raised the most money? Mental health startups typically focus on treating anxiety and depression. "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. One of the keys to the companys success is using clinical measurement tools to establish improvement over time. We founded Lyra to redefine access to high-quality mental health care for millions of people. Please check your download folder. Past backers of the company include Adams Street Partners, Tenaya Capital, Meritech Capital Partners, IVP and Greylock. 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's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. 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. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. When typing in this field, a list of search results will appear and be automatically updated as you type. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. 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. Lyra Therapeutics Market Cap 2020-2022 | LYRA. Five years later, Lyra is rapidly expanding, and by the end of this month expects to have delivered its one-millionth session. Lyra Health 4.2. During the pandemic, Lyra Health has brought on 80,000 new users, to a total of 1.5 million users last reported. Robynne Sisco Joins Board of DirectorsLyra also today announced the addition of Robynne Sisco to its Board of Directors. Just last week, the meditation app Calm raised $75 million at a $2 billion valuation. Where can I find more information on Lyra Therapeutics R&D programs? 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. ICAS has a long-standing reputation for the provision of culturally responsive, localized care built on a foundation of clinical quality. Marquee events held by soccers governing body have been hit by controversies over representation and human rights. Nearly 1 billion people worldwide suffer from a mental health disorder. WebView the latest Lyra Therapeutics Inc. (LYRA) stock price, news, historical charts, analyst ratings and financial information from WSJ. 3 Wall Street analysts have issued 12-month price objectives for Lyra Therapeutics' shares. The company was founded by Carmichael S. Roberts, George M. Whitesides, and Robert S. Langer in November 2005 and is headquartered in Watertown, MA. We seem to be in a period of rapid growth rounds getting raised in quick succession for the most promising startups. "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.". "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. WebLyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. Edit Post-Money Valuation Data by PrivCo Section. The company helps employers give their employees a suite of safe and confidential tools to support their mental health needs. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Sisco is currently co-president and chief financial officer at Workday. BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ --Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced it has completed a $235M financing. How do I report a change of mailing address? Greater use of primary care services has long been associated with better health, better care, and lower costs. 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. 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 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. Please check your download folder. But on the flip side, both employees and employers are asking for help. Do the numbers hold clues to what lies ahead for the stock? 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. Dragoneer has been an investor in companies such as Airbnb, Alibaba, Atlassian, AppFolio, Bytedance, Carbon Health, Ceridian, Chime, Datadog, Doordash, Duck Creek, Livongo, Maven, PointClickCare, Procore, Slack, Samsara, ServiceTitan, Snowflake, Spotify, Uber, UiPath, and others. Will Retail Health Really Disrupt Healthcare? LYRA is not currently paying a regular dividend. Is Lyra Health a public company? You can also learn more about how to sell your private shares before getting started. WebLyra Therapeutics market cap history and chart from 2020 to 2022. For more information and address change forms, contact American Stock Transfer by telephone at, Quarterly & Annual Reports and other investor materials, when available, can be found in, You can view our recent press releases by visiting the, For media inquiries please send an email to, You can view information on our development programs by visiting the, For investor related questions please send an email to, To request additional information, please visit our. Lyra Therapeutics went public on April 2, 2020. FC Barcelona have officially announced the signing of club legend Ronaldinho's son Joao Mendes. Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. Does Lyra Therapeutics pay dividends and have a dividend reinvestment program? Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. The need for a solution has helped tech-powered mental health solutions raise funding to meet increased demand. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. Does Lyra Therapeutics have a direct stock purchase plan? 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. It is a life-saving technology that assists those with advanced diabetes stay healthier and prolong their lives. Copyright 2023 MarketWatch, Inc. All rights reserved. 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. 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 Indeed, Lyra Health started Lyra Blended Care, which pairs video therapy with online lessons and exercises rooted in cognitive behavioral therapy. "Meeting the diverse needs of people around the world requires approaches that are evidence-based and culturally responsive. 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. 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. 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. 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. About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. 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. 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. Since then, a spokesperson says the biotech has seen a sevenfold increase in the use of its employee assistance program. This suggests a possible upside of 620.2% from the stock's current price. For more information, visit icasworld.com and follow us on LinkedIn. Lyra Health cofounder and CEO David Ebersman. Lyra Health does not currently have an official ticker symbol because this company is still private. Where is Lyra Therapeutics corporate headquarters? Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. WebLyra Health Company Stats Industry Healthcare Founded 2015 Headquarters Burlingame, California Country United States Co-Founder & CEO David Ebersman Forbes Lists #3 Thats where one of Lyras flagship products comes in: Blended Care. The company's proprietary technology platform, XTreo(TM), is designed to precisely and consistently deliver medicines directly to the affected tissue. Source: Kantar Media. Lyra Therapeutics market cap as of March 01, 2023 is. ", "We are excited to welcome Robynne to our Board of Directors," said David Ebersman, Lyra Health CEO and co-founder. To read this article and more news on Lyra Health, register or login. 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. Just last week, the meditation app Calm raised $ 75 million at a $ 2 billion valuation diverse of... Company helps employers give their employees a suite of safe and confidential tools establish. Do I report a change of mailing address visit icasworld.com and follow us LinkedIn! Etf Movers: Includes ETFs & ETNs with volume of at least 10 minutes as exchange. Robynne Sisco to its Board of DirectorsLyra also today announced the addition of robynne Sisco to Board. A total of 1.5 million users last reported more news on lyra Therapeutics Inc. stock price & Who can find! 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