Please check your download folder. The health tech unicorn also acquired employee assistance program provider ICAS World, which operates in over 155 countries, to support its global expansion. Five years later, Lyra is rapidly expanding, and by the end of this month expects to have delivered its one-millionth session. How much funding has this organization raised over time? Where was Lyra Therapeutics incorporated? Kocher and Roberts continue to serve on the board, while Bravata left the company. WebMental health benefits provider Lyra Health grabbed $235 million in a series F round that boosted its valuation to $5.85 billion. 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. The $110 million Series D raise comes on the heels of a $75 million Series C closed in March. For more information, visit icasworld.com and follow us on LinkedIn. If I have questions regarding Lyra Therapeutics that have not been answered, whom should I contact. Depression and anxiety alone cost the global economy an estimated $1 trillion each year. Untreated mental health conditions can lead to lower productivity and morale that can affect the overall work environment. For more information about Lyra Health's Workforce Mental Health benefits for employers, visit lyrahealth.com. The acquisition builds on the successful existing partnership between the two companies. Access to Global Mental Health CareLyra and ICAS have a proven partnership supporting large global organizations. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. This new funding will help Lyra deliver comprehensive and culturally responsive mental health care for organizations and their employees and families," said Ebersman. Please check your download folder. Assertio (ASRT) Soars 5.1%: Is Further Upside Left in the Stock? Indeed, Lyra Health started Lyra Blended Care, which pairs video therapy with online lessons and exercises rooted in cognitive behavioral therapy. 27, 2020 at 8:42 a.m. Forbes, in partnership with Statista, presents our fourth annual ranking of the best up-and-coming companies to work for in the U.S. Use Forbes logos and quotes in your marketing. About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Lyra has raised around $275 million to date. /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced About ICAS WorldICAS is a leading provider of Employee Assistance Programmes to the business community. BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced Privacy Notice | 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. Subscriber Agreement & Terms of Use | Where can I find recent Lyra Therapeutics press releases? Lyra Therapeutics Inc. is based in Watertown, Mass. 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. That effectively means the startup doubled its valuation in a handful of months, suggesting rapid growth or key validation. 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 Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. 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. "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. It develops novel integrated drug and delivery solutions for the localized treatment of patients with ear, nose and throat, or ENT, diseases. WebPublic Sector Proposal Manager. 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. FC Barcelona have officially announced the signing of club legend Ronaldinho's son Joao Mendes. 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. Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Lyra Health does not currently have an official ticker symbol because this company is still private. How can I sign up to receive Lyra Therapeutics press releases and other company information? Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. All quotes are in local exchange time. Lyra Health has raised a total of $910.1M in funding over 8 rounds. Remote. 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. About Dragoneer Investment GroupDragoneer is a growth-oriented investment firm with over $25 billion in long-duration capital. Just last week, the meditation app Calm raised $75 million at a $2 billion valuation. 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. 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. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. One such customer is Genentech, which began partnering with Lyra in October 2018. 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 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. 2023 Forbes Media LLC. 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. Create a list of the investments you want to track. The flywheel continues. 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. 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. 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. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. 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. To read this article and more news on Lyra Health, register or login. Their LYRA share price forecasts range from $15.00 to $20.00. We intentionally named our program Lyra Mental Wellness to help reduce the stigma around seeking mental health care, the company said in a statement. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Who are the members of Lyra Therapeutics Executive Team? Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares. Contact:Dyani Vanderhorst[emailprotected]m (650) 240-3240, Cision Distribution 888-776-0942 Lyra Therapeutics, Inc. (LYRA) delivered earnings and revenue surprises of -26.47% and 92.42%, respectively, for the quarter ended June 2022. Lyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. 12 Health Care Stocks Moving In Monday's After-Market Session, Lyra Therapeutics's Return On Capital Employed Insights. Its initial product candidates consist LYR-210 and LYR-220 which are in clinical stage. "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.". Will Retail Health Really Disrupt Healthcare? Shares can be purchased through a stockbroker of your choice. Do the numbers hold clues to what lies ahead for the stock? The company helps employers give their employees a suite of safe and confidential tools to support their mental health needs. WebLyra Therapeutics to offer 3.5 million shares in planned IPO, priced at $14 to $16 each Apr. Lyra Health is a provider of comprehensive mental health care benefits for employers. 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 Therapeutics market cap as of March 01, 2023 is. Which funding types raised the most money? Lyra has raised around $275 million to date. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. The company was founded by Carmichael S. Roberts, George M. Whitesides, and Robert S. Langer in November 2005 and is headquartered in Watertown, MA. The all time high for this statistics is 8. Who is Lyra Therapeutics transfer agent and how do I contact them? Companies around the world will now have a single source for innovative, evidence-based, culturally responsive mental health benefits for employees and their families. It is focused on the development and commercialization of novel integrated drug and delivery solutions for patients with ear, nose and throat diseases. 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. Who are the members of Lyra Therapeutics Board of Directors? Historical and current end-of-day data provided by FACTSET. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Each stockholder in question must sign the request for an address change. Full-time. "Meeting the diverse needs of people around the world requires approaches that are evidence-based and culturally responsive. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. 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. Burlingame, California-based Lyra Health wants to live in offices everywhere. 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 However, Lyras clients are actually the corporations they are the ones who pay for the Lyra service. 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. There are currently no items in this Watchlist. For more details on financing and valuation for Lyra Health, register or login. The company's proprietary technology platform, XTreo(TM), is designed to precisely and consistently deliver medicines directly to the affected tissue. Currently, Lyra Therapeutics does not offer a dividend or a dividend reinvestment program. HSAs give Americans control over their healthcare dollarsand help them save and pay for the care they need. 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. Which investors participated in the most funding rounds? 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